On Tuesday 4 February, more than 150 investors called on the European Commission to preserve the integrity and ambition of the European framework for sustainable finance at a time when a series of ‘omnibus’ reforms aimed at simplifying existing legislation is due to be launched at the end of February (see EUROPE 13568/1).
Some 211 signatories, including investors, service providers and other organisations, recommended that the Commission maintain the principles and objectives of the key legislative texts of the EU’s sustainability policy architecture: - EU taxonomy; - Corporate Sustainability Reporting Directive (CSRD); - Corporate Sustainability Due Diligence Directive (CSDDD).
“Together, they help investors to manage risks, identify opportunities and ultimately reorient capital towards a more competitive, equitable, and prosperous net-zero economy”, say the signatories.
They support the objective of simplifying and improving the coherence of the framework, but consider that a complete reopening of these regulations risks creating “regulatory uncertainty” and compromising the reorientation of capital towards the European Green Deal.
See the statement: https://aeur.eu/f/fck (Original version in French by Bernard Denuit)