Eurosif, IIGCC, PRI, EFAMA and UNEP FI have called on the European Commission to uphold the integrity and ambition on climate of the European Sustainability Reporting Standards (ESRS).
This letter, signed by 92 investors, was sent to President Ursula von der Leyen and European Commissioners on 6 July.
In the letter, the organisations welcome the opportunity to provide input on the implementation of the draft Delegated Act. However, they are concerned by the proposals to move away from requiring certain key disclosure indicators to be reported on a mandatory basis, which will instead be subject to materiality assessment. They see this as a significant rollback of ambition compared to that envisaged by the European Financial Reporting Advisory Group (EFRAG). Read the full letter here.
DISCLAIMER: This letter was developed in collaboration with a number of IIGCC, PRI and EUROSIF members, but does not necessarily represent the views of the entire membership, either individually or collectively.