Money Talks
There are a lot of statements both against and for the EU’s “omnibus” legislation. On Tuesday, a group of 163 investment firms managing approximately €6.6 trillion in assets, together with a number of umbrella investor organisations, issued a joint statement urging the European Commission to uphold the integrity of the EU’s sustainable finance framework amid discussions on the proposed “omnibus” legislation.
The Omnibus package purports to enhance Europe’s competitiveness and streamline regulations, with key sustainability laws including the EU Taxonomy, the Corporate Sustainability Reporting Directive (CSRD), and the Corporate Sustainability Due Diligence Directive (CSDDD), expected to be revised. However, investors say these regulations are “fundamental cornerstones of the EU’s sustainability policy architecture” and are crucial for fostering long-term sustainability and economic growth in Europe.
These regulations provide “essential transparency”, enabling investors to manage risks and identify opportunities effectively. Of note…. the statement specifically supports the important role of digital reporting moving forward.
Find it here.
