Stakeholders need more time for ESG standards response, says PensionsEurope

PensionsEurope has stressed the importance of leaving stakeholders sufficient time to respond to public consultations in its own response to a consultation on the due diligence procedures of the European Financial Reporting Advisory Group (EFRAG).

The organisation’s response to the consultation, which had specifically been examining the procedures in relation to setting the European Union’s sustainability reporting standards, agreed that climate change was “a pressing political issue that requires swift political action”, but it added that stakeholders needed enough time to contribute to the conversation.

The consultation was launched on 16 June with a deadline of 15 September.

PensionsEurope explained that time was needed for discussions as they first take place between national associations and their memberships, before that conversation is then brought to an EU level association.

The organisation appeared to raise concerns that the current speed contravened the requirement for a proposal for a Corporate Sustainability Reporting Directive (CSRD) to be prepared with “proper due process, public oversight and transparency, and with the expertise of relevant stakeholders”.

Even so, PensionsEurope said it appreciated EFRAG’s openness and stakeholder involvement in its efforts to put proposals forward.

The organisation added that it was ready to engage in the process of developing sustainable reporting standards, and to share its expertise with EFRAG and other involved parties.

    Share Story:

Recent Stories

An overview of growth investing
European Pensions Editor, Natalie Tuck, speaks to American Century Investments (ACI), Vice President, Senior Client Portfolio Manager, Kevin Lewis on growth investing.

They discuss how it has performed in 2021, and its outlook, going forward. They also cover ACI’s differentiated growth approach to the investment universe, and how this capitalises on market inefficiencies, as well as how ACI’s team is equipped to invest in this manner.
Podcast: The benefits of private equity in pension fund portfolios
The outbreak of the Covid-19 pandemic, in which stock markets have seen increased volatility, combined with global low interest rates has led to alternative asset classes rising in popularity. Private equity is one of the top runners in this category, and for good reason.

In this podcast, Munich Private Equity Partners Managing Director, Christopher Bär, chats to European Pensions Editor, Natalie Tuck, about the benefits private equity investments can bring to pension fund portfolios and the best approach to take.

Podcast - The power of three: Using Common Contractual Funds to improve tax outcomes for investors
Large asset owners are still investing in equities in a way where they are taxed on their income. The implication is that they get a poorer return. They need to, and can, improve this, but how?

In this podcast, AMX Head of Client and Manager Development, Aaron Overy, and AMX Product Tax Specialist, Kevin Duggan, discuss with European Pensions Editor, Natalie Tuck, about three options to help ensure good withholding tax outcomes for institutional investors.

Mitigating risk
BNP Paribas Asset Management’s head of pension solutions, Julien Halfon, discusses equity hedging with Laura Blows