During a meeting of the Maltese Council for Economic and Social Development (MCESD), several themes were discussed, including the National Skills Strategy and the Corporate Sustainability Reporting Directive (CSRD).
In the first part of the meeting, representatives from the Malta Financial Services Authority (MFSA) and the Malta Commercial Register (MBR), presented the new Corporate Sustainability Reporting Directive (CSRD). This directive aims to improve the responsibility of companies in relation to sustainability.
During the meeting a detailed explanation was given about the phased implementation of the new directive. The Parliamentary Secretary for Social Dialogue Andy Ellul spoke about the importance of this dialogue with the social partners in order to discuss how the new directive of the European Union will affect the operation of businesses.
During the second part of the meeting, the National Skills Council spoke about the new Skills Strategy, which focuses on digital skills and the green economy to prepare young people for the future. The Minister for Education, Sport, Youth, Research and Innovation Clifton Grima stressed that, “The National Skills Council has an important role, the one that collects the research that shows us evidence that through with it we will be able to show our students and various stakeholders, different paths that our country is offering, both for the present and also for the future.” He went on to say that today’s meeting continues to confirm how important it is that students have the best opportunities.
Parliamentary Secretary Andy Ellul emphasized the importance of digital skills and the ecological economy to prepare young people for the future of our country. The Chairperson of MCESD, Architect David Xuereb said that, “Today’s discussions highlight the importance of our economic strategies with the labor market which are always evolving. The CSRD and the National Skills Strategy are crucial steps towards preparing our labor market for future challenges.”
