text: To ensure environmental and social interests are fully embedded into business strategies, 
  the Commission will put forward a new initiative in 2021 on**sustainable corporate**
  **governance**. This initiative, which may take the form of a legislative proposal, will 
  address human rights and environmental duty of care and due diligence across economic 
  value chains in a proportionate way according to different sizes of entreprises64. This will 
  help ensure that shareholder and stakeholder interests are fully aligned with the 
  objectives set out in this strategy. In addition, in 2020, the Commission launched a 
  review of the reporting obligations of businesses under the**Non-Financial Reporting**
  **Directive**65, with a view to improving the quality and scope of non-financial disclosures, 
  including on environmental aspects such as biodiversity. 
  
  Through its existing platforms66, the Commission will help to build a**European**
  **Business for Biodiversity**movement, taking inspiration from recent initiatives67 and 
  making this movement an integral part of the European Climate Pact. Particular attention 
  will be paid to measures to incentivise and eliminate barriers for the take-up of nature- 
  based solutions, as these can lead to significant business and employment opportunities 
  in various sectors68 and are the key to innovation for economic or societal needs that rely 
  on nature. 