EU policymakers need to “strive for ambitious” corporate sustainability reporting standards, including forward-looking climate data, according to Eurosif. The investor trade body said forthcoming European Sustainability Reporting Standards need to deliver better availability, quality and comparability of company-reported climate-related information. It added that reporting standards must be based on a double materiality approach, covering corporate value chains and including forward-looking information such as climate targets and transition pathways. The call accompanied a new study by Eurosif of asset owner and manager use of climate data, which found a “strong need” for forward-looking, climate-related information. “Next to the issue of insufficient data coverage and the related costs, asset managers and owners struggle to find reliable forward-looking indicators – which would be necessary to effectively identify and manage climate-related risks and opportunities in their portfolios,” the report said. Eurosif also recommended the introduction of transparency requirements for external data and ratings providers regarding their methodologies, research processes and data sources.
🆕📑 Eurosif launches new report on climate-related data.
➡️ Eurosif is proud to present the results and recommendations of its study on the use of climate-related data in #sustainablefinance investment processes.
🔗 Consult the full report here: https://t.co/2eE2FYc9fZ
— Eurosif (@Eurosif) May 11, 2023