L'Afep

May 2026 POSITION PAPER Industrial Accelerator Act L’Afep (the Association of large French companies) welcomes the proposal for a regulation establishing a framework for measures for the acceleration of industrial capacity and decarbonization in strategic sectors (Industrial Accelerator Act or IAA) presented by the Commission last March.

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

LAfep, the voice of Large French Companie, considers that the Taxonomy should be made voluntary and, as a cross-sectoral association, also insists on the following points : 1. Better support transition It is necessary to develop a framework for recognising contributions to the ecological transition. The European Taxonomy focuses on sustainable activities and not enough on activities in transition.

AFEP shares the European Commission's view that in order to accelerate the decarbonisation of the European vehicle fleet, it is necessary, in addition to supporting the supply of zero-emission vehicles, to support demand for these vehicles.

L'Afep, together with MEDEF and France Industrie, shares the European decarbonisation ambition and recognises the central role of the European Union Emissions Trading System (EU ETS) in the European climate strategy to steer industrial investments towards decarbonisation. This transition cannot take place at the cost of weakening European and French industrial competitiveness.

Paris, May 12th 2026 POSITION PAPER Revision of the NIS 2 Directive L’Afep supports the Commission's intention to revise the NIS 2 Directive in order to simplify and harmonize its implementation and its overall aim of strengthening cybersecurity across the European Union (EU).

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

Paris, 12th May 2026 POSITION PAPER Cybersecurity Act 2 L’Afep supports the Commission's intention to revise the 2019 Cybersecurity Act (CSA) and its overall aim of strengthening cybersecurity across the EU. With regard specifically to the issues of cybersecurity in cloud services, L’Afep is concerned about the delays in the presentation and progress of the Cloud and AI Development Act (CAIDA).

Opening of the attached position paper · the full paper is on the Commission’s record (source link above)

L'Afep welcomes this opportunity to comment on the Taxonomy Delegated Acts. Despite the changes proposed some technical screening criteria still lacks clarity and risks of interpretation increase the reporting burden for undertakings (e.g.: for activity 3.6, the reference to the EU labelling regulation should be explicitly mentioned as an alternative to demonstrate life-cycle GHG emissions savings).

AFEP, the French Association of Large Companies, welcomes this call for evidence on the Sustainable Finance Disclosure Regulation (SFDR). AFEP Members support the objectives of the SFDR to attract private funding to facilitate the transition towards greater sustainability and help European companies to seize competitive opportunities.

LAfep, the Association of Large French Companies, welcomes this call for evidence, which appears appropriate for reassessing the necessity, consistency, and effectiveness of the provisions set out in these various Directives.

AFEP, the French Association of Large Companies, is happy to contribute to this call for evidence to address issues related to European supervision. The Commission indicates that it will assess ways to achieve more efficient and unified supervision of capital markets, as indicated in the Competitiveness Compass and in the Savings and Investments Union Communication.

LAfep (Association of Large French Companies) welcomes the opportunity to respond to the Commissions Consultation on the revision of the Shareholder Rights Directive (SRD). Overall, there is broad agreement among issuers that the facilitation of shareholder rights has generally improved due to SRD II, leading to a significant increase especially in the transmission of voting instructions.

LAfep, the Association of Large French Companies, would like to thank the European Commission for this consultation. French businesses fully agree with the European Commissions assessment that an effective and ambitious anti-corruption strategy is needed.

The successive amendments to the Directive on Administrative Cooperation in the field of taxation (DAC) have resulted in an increasingly complex framework, imposing a significant compliance burden on businesses.

Large French companies that have implemented whistleblowing procedures within their entities worldwide are not seeking a comprehensive overhaul of European legislation. However, the following improvements would be welcome: Corporate groups: The Directive's entity-based approach limits pooling mechanisms and rigidifies internal procedures, affecting the quality of internal enquiry.