Eurosif reports on a joint statement of 323 organisations calling on EU policymakers to keep the framework
Photo credit: Christian Lue / Unsplash+
Signatories include 104 investors (such as Allianz SE, Nordea AM, LBPAM and P&V Verzekeringen) 40 real-economy companies (such as IKEA, ACCIONA, Nokia and Vattenfall), and 74 other organisations (such as Accountancy Europe, the Dutch Federation of Pension Funds, amfori and B Lab).
Rules on sustainability reporting, transition plans, climate targets and corporate due diligence are a key foundation for achieving the EU’s economic and sustainability goals, and improving their implementation is a priority.
In the context of the Omnibus I simplification initiative, we call attention to the investors, companies, banks and other financial institutions across our economy that support preserving the core elements of the Corporate Sustainability Reporting Directive (CSRD) underpinned by the European Sustainability Reporting Standards (ESRS), and of the Corporate Sustainability Due Diligence Directive (CSDDD).
CSRD/ESRS and CSDDD are essential for achieving the EU’s wider sustainability, growth and competitiveness ambitions. They contribute to reorienting investment towards the technologies and sectors that support the goals of the Clean Industrial Deal and can reinforce harmonisation efforts for EU capital markets, as set out in the Savings and Investment Union.The signatories of this statement consider that regulatory simplification can be achieved without compromising on the substance of sustainability rules or their significant benefits for businesses across the EU.
The statement was coordinated by the European Sustainable Investment Forum (Eurosif), the Institutional Investors Group on Climate Change (IIGCC), the Principles for Responsible Investment (PRI), the Corporate Leaders Group Europe (CLG Europe), the Global Reporting Initiative (GRI) and E3G.
It is still open for signatures. Interested organisations can sign until Friday 29 August COB
