To integrate ESG consideration into investment decisions, asset managers need reliable, comparable and standardised information on how companies perform against pre-defined sustainability criteria. At the same time, asset managers require better ESG company data for their own compliance with reporting obligations under the Taxonomy and SFDR.

EFAMA advocates expanding the scope of entities and adopting mandatory EU sustainability reporting standards under  proposed Corporate Sustainability Reporting Directive. Sustainability information disclosed under CSRD should be subsequently centralised in a publicly-accessible European Single Access Point. At the same time, the EU should encourage developments towards a harmonized global sustainability disclosures ecosystem. To ensure consistency, transparency and accountability, we also advocate for the development of a European regulatory framework for providers of sustainability data, research and ratings.