€6.6 Trillion Investor Group Warns Against Rolling Back EU Sustainability Reporting Regulations

A coalition of over 200 financial services firms, representing €6.6 trillion in assets, has warned the European Commission against easing sustainability reporting regulations in its upcoming “Omnibus package.” The investors, organized by groups like the Institutional Investors Group on Climate Change (IIGCC), argue that rollbacks could create policy uncertainty and undermine capital flow towards the EU’s environmental goals. Proposed changes aim to simplify regulations, such as redefining small mid-cap companies and raising thresholds for the Corporate Sustainability Due Diligence Directive (CSDDD), but the investors stress the need to preserve the integrity of existing frameworks. They advocate for supporting companies in implementing current regulations rather than making sweeping modifications, emphasizing the importance of reliable sustainability disclosures to attract private capital for decarbonization efforts. Resources: https://www.esgtoday.com/e6-6-trillion-investor-group-warns-against-rolling-back-eu-sustainability-reporting-regulations/