The Dutch pension fund association is calling for the European Commission’s proposal for a corporate sustainability due diligence directive (CSDDD) to be clarified, querying the clarity and appropriateness of its applicability to pension funds.
Having previously already hinted at potential concerns about the
rules applying to pension funds when the CSDDD proposal was released,
the Federation has been analysing the proposal in greater depth and
having discussions with relevant policymakers to understand its impact.
In its feedback statement today it revealed it was still unclear as
to whether investing activity by pension funds fell within the scope of
the CSDDD due diligence requirements.
Certain provisions could be interpreted as excluding all investments
made by pension funds or only including cases where a pension fund
provides funding directly to companies, the Federation said, but “we
understand it is the intention of the Commission that investments in
companies through shares and corporate bonds bought on the secondary
markets would be in scope of the due diligence requirement”....
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