The European Sustainable Investment Forum (Eurosif), alongside the Institutional Investors Group on Climate Change, the Principles for Responsible Investment, the Corporate Leaders Group Europe, the Global Reporting Initiative and E3G, published a joint investor and business statement signed by 198 organisations urging EU policymakers to preserve the core of the EU sustainable finance framework in the Omnibus I simplification initiative.

The statement argues that rules on sustainability reporting, transition plans, climate targets and corporate due diligence are foundational to the EU’s economic and sustainability goals and that improving implementation should be prioritised. It highlights support from investors, companies, banks and other financial institutions for maintaining the core elements of the Corporate Sustainability Reporting Directive (CSRD) underpinned by the European Sustainability Reporting Standards (ESRS), and of the Corporate Sustainability Due Diligence Directive (CSDDD), linking these requirements to investment reallocation towards Clean Industrial Deal priorities and to capital markets harmonisation objectives under the Savings and Investment Union.

The organisers indicated the statement remains open for additional signatures until 29 August close of business.

Original source

Related updates