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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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