ICMA AMIC submitted its response to ESMA's public consultation on Article 8 of the Taxonomy regulation which requires companies in the scope of NFRD (i.e. large listed companies ) to disclose their level of taxonomy alignment (turnover, capex, opex) in their non-financial statement.
This consultation focuses
on non-financial issuers and asset managers as EBA and EIOPA are
looking at banks, insurers and pension funds in separate consultations.
Regarding asset managers, ICMA’s response recommends a look-through
approach focusing on investment funds with sustainability claims, the
consideration of all green bonds (including the ones aligned with the
Green Bond Principles) and other relevant assets which can be assessed
against the taxonomy, and the optional use of proxies for non-listed
issuers.
response
© ICMA
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