Sustainability reporting (CSRD)
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.
EFAMA response to ESMA consultation paper on Technical Standards under the Regulation on Transparency and Integrity Of Environmental, Social and Governance (ESG) Rating Activities
Response to EFRAG’s consultation on revising the ESRS
European Commission's Omnibus Simplification Package
EFAMA supports the European Commission’s Omnibus Simplification Package as a crucial step towards reducing bureaucracy and enhancing EU competitiveness. While simplification is necessary, given the current geopolitical developments, it must not compromise the availability and quality of essential sustainable information for investors and asset managers. We, therefore, consider legal clarity and alignment across EU regulations essential to support the transition to a sustainable economy.
European single access point for data? EFAMA’s 6 key recommendations
The European Fund and Asset Management Association (EFAMA) has published its response to the European Commission's consultation on the establishment of a European Single Access Point (ESAP) for financial and non-financial information publicly disclosed by companies.
ESG investing in the UCITS market: a powerful and inexorable trend
The European Fund and Asset Management Association (EFAMA) has published its latest Market Insights report titled “ESG Investing in the UCITS Market – A powerful and inexorable trend”. The report looks at the major trends in the ESG UCITS market, the impact of the coronavirus pandemic, and the behaviour of ESG and non-ESG funds.
EFRAG sets solid foundations for the establishment of mandatory EU sustainability reporting standards
The European Fund and Asset Management Association (EFAMA) calls on the European Commission to reflect EFRAG´s recommendations for mandatory European Sustainability Reporting Standards in the upcoming NFRD review.
Market Insights | Issue #4 | ESG investing in the UCITS market: a powerful and inexorable trend
The report looks at the major trends in the ESG UCITS market, the impact of the coronavirus pandemic, and the behaviour of ESG and non-ESG funds.
3 questions to Thierry Bogaty on the EU Ecolabel for retail financial products
Q #1 Can the EU Ecolabel for retail financial products help channel individual investors’ savings into environmentally sustainable projects?
A well-designed EU Ecolabel has the potential to provide clear guidance on the financial products retail investors can invest in if they wish to support environmentally sustainable projects and activities - in line with the EU Taxonomy Regulation. The European Commission wants to create a trusted and verified label for retail investors, who would benefit from better comparability of financial products.
