Almost 100 asset managers, banks, ESG fund associations and other financial firms have called on the European Commission to amend its ESG reporting rules, claiming they are not strong enough.
The coalition, which includes Fidelity, Candriam and five ESG foundations such as the European Sustainable Investment Forum (Eurosif), have asked for the latest changes to the first set of the European Sustainability Reporting Standards (ESRS) to be altered. FCA director of ESG Sacha Sadan pushes back against criticisms of labelling scheme Once passed, the law will determine how much environmental, social and governance data about 50,000 companies need to disclose to investors and other stakeholders. But the coalition said the required data is not enough for investors to make informed...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
