The report aims to build a consistent European approach on sustainable corporate governance, mainly through the establishment of concrete obligations on the European companies. The report calls for a new framework defining company boards’ duties in terms of sustainability. Notwithstanding the valid principle from which these proposal come from, I am very much concerned about the huge administrative burden that these provisions could bring to our SMEs or micro enterprises in particular. We need an opposite approach if we want to revive the competitiveness of our companies and entrepreneurs, and is not increasing bureaucracy or red tape that we will succeed in supporting the European citizens. We must always take good care of the consequences of any activity that our businesses perform all over the world, but we cannot create competitive disadvantages in the fierce concurrence that is now happening in many sectors. We need a more prudent approach and in any case more time to evaluate any new rule, also involving the most relevant stakeholders. I did not vote in favour of the report.