ECB warns EU against removing 80% of companies from mandatory sustainability reporting

Larger companies that were already counting on the fact that they would soon start filling out complex sustainability reports, known as ESG, can breathe a sigh of relief for now. The European Union is holding back their implementation. The aim is to reduce the bureaucratic burden that European businesses are exposed to. For now, this reporting concerns...

ECB warns of investor risk as 80% of companies face removal from CSRD reporting

The European Central Bank (ECB) has issued a sharp warning over the European Commission’s proposed amendments to sustainability reporting laws, raising concerns that removing 80% of companies from the Corporate Sustainability Reporting Directive (CSRD) could undermine financial stability and hamper progress toward the EU’s climate goals. According to ESG Today, in a newly released opinion, the ECB acknowledged the Commission’s goal of reducing r…

European Asset Management Association makes recommendations on Omnibus

ECB warns EU against removing 80% of companies from mandatory sustainability reporting

The European Central Bank (ECB) released a new opinion on the European Commission’s proposals to simplify and reduce sustainability reporting and due diligence requirements for companies

ECB Warns EU Against Removing 80% of Companies from Mandatory Sustainability Reporting

The European Central Bank (ECB) released a new opinion on the European Commission’s proposals to simplify and reduce sustainability reporting and due diligence requirements for companies. While welcoming the goal of simplifying requirements for companies, the ECB warned that some of the Commission’s plans could significantly increase risks for investors, the economy and the EU’s […]