Tag: careers
Widespread opposition suggests that proposals will need to be reviewed Widespread opposition suggests that proposals will need to be reviewed Widespread opposition suggests that proposals will need to be reviewed
Sep 18th, 2020
A significant number of investors, data providers and industry groups have rejected new sustainability disclosure rules proposed by the EU, branding them unfeasible, costly and irrelevant to investors.
Once adopted, asset managers and other financial groups will be required to report the socially and environmentally harmful, or ‘adverse’, impacts of their overall holdings based on 32 mandatory reporting indicators which have been proposed by European market regulators.
But public feedback has deemed the proposals unworkable due to a lack of available and credible data on the proposed indicators. Analysis shared by disclosure nonprofit CDP, MSCI and State Street Global Advisors (SSGA) suggested that data was not readily available for many of the indicators, including those relating to water emissions, corporate policies on human trafficking and emissions of ozone depleting substances.
Schroders, which said it had invested significantly in a…