(i) the global challenges posed by sustainability for investors and other stakeholders and their call for a common set of standards; (ii) build on existing initiatives and to take key notions such as ‘double materiality’ into account; (iii) it is necessary to address ESG aspects beyond climate.
This letter follows on the June 2020 joint response to the European
Commission in relation to the review of the Non-financial Reporting
Directive (NFRD) in which the three Chairs acknowledged the need for a
standardisation solution in Europe, while calling for the development of
international standards in the medium term.
The joint the letter emphasises the following aspects: (i) the global
challenges posed by sustainability for investors and other stakeholders
and their call for a common set of standards; (ii) it is important to
build on existing initiatives and to take key notions such as ‘double
materiality’ into account; (iii) it is necessary to address
environmental, social and governance aspects beyond climate.
This letter follows on the June 2020 joint response to the European
Commission in relation to the review of the NFRD in which the three
Chairs acknowledged the need for a standardisation solution in Europe,
while calling for the development of international standards in the
medium term.
Joint comment letter
© ESAs joint committee
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