EFAMA has joined together with the European Sustainable Investment Forum (Eurosif), the Principles for Responsible Investment (PRI), the Institutional Investors Group on Climate Change (IIGCC) and over 90 investors and financial market participants, to call on the European Commission to uphold the integrity and ambition of the first set of European Sustainability Reporting Standards (ESRS).
Sustainability reporting (NFRD/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.
Related policy positions
Policy Position
Sustainability reporting (NFRD)
07 July 2023
Joint industry letter on corporate sustainability reporting
Policy Position
Sustainability reporting (NFRD)
07 July 2023
Ensuring alignment between the Disclosure Requirements of Investee Companies and the Sustainable Finance Obligations
The draft ESRS Delegated Act presents several potential implications for investors and entails major inconsistencies across the Sustainable Finance legislative framework. In our policy paper we focus on the alignment of ESG reporting on two crucial areas: (1) the requirements of the Sustainable Finance Disclosure Regulation (SFDR), notably the Principal Adverse Impact indicators (PAIs), and (2) the Transition Plans and targets.
Policy Position
Sustainable Finance
Sustainability reporting (NFRD)
10 August 2022
ISSB's Exposure Drafts on Sustainable Reporting Standards
EFAMA shares the urgent need to improve the consistency and comparability of sustainability reporting at a global level. Therefore, we welcome the opportunity to respond to the ISSB consultation on the Exposure Drafts on “General Requirements for Disclosure of Sustainability Related Financial Information” (IFRS S1) and on “Climate-Related Disclosures” (IFRS S2).
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Press Release
Stewardship
Sustainable Finance
Ecolabel
EU Taxonomy
Sustainability-related Disclosures (SFDR)
Sustainability reporting (NFRD)
11 March 2021
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.
Press Release
Sustainable Finance
Sustainability-related Disclosures (SFDR)
Sustainability reporting (NFRD)
10 March 2021
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.
Press Release
Competitiveness
Data
Sustainable Finance
EU Taxonomy
Sustainability-related Disclosures (SFDR)
Sustainability reporting (NFRD)
18 December 2020
Asset Managers support call for regulation of ESG data, research and ratings
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EFAMA, the voice of the European investment management industry, joins the French and Dutch financial market authorities call for a European regulation of ESG data, research and ratings.
European asset managers are observing a double-digit growth in the demand for ESG investments, and clients are increasingly sophisticated in their preferences*.
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Related publications
Publication
Data
Sustainable Finance
EU Taxonomy
Sustainability reporting (NFRD)
16 March 2021
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.
Publication
Sustainable Finance
Ecolabel
EU Taxonomy
Sustainability-related Disclosures (SFDR)
Sustainability reporting (NFRD)
20 May 2020
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.
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