Eurosif - The European Sustainable Investment Forum

🚨𝗧𝗵𝗲 𝗙𝗲𝗯𝗿𝘂𝗮𝗿𝘆 𝗲𝗱𝗶𝘁𝗶𝗼𝗻 𝗼𝗳 𝗘𝘂𝗿𝗼𝘀𝗶𝗳’𝘀 𝗡𝗲𝘄𝘀𝗹𝗲𝘁𝘁𝗲𝗿 𝗶𝘀 𝗼𝘂𝘁 𝗻𝗼𝘄! ✉️ Check your mailbox (and spam folder) or our website for a summary of the latest #SustainableFinance developments, SIF updates from across Europe, reading recommendations and more! 👉 Want access to the members-only edition, with exclusive insights and analysis? This month, we provided an exclusive summary on the legislative changes proposed in the #Omnibus package. To access this and future editions, you need to be part of one of our member SIFs, or to join the 𝗘𝘂𝗿𝗼𝘀𝗶𝗳 𝗖𝗹𝘂𝗯. Learn more here: https://lnkd.in/eBAVdn6m 📄 Read the public version of the newsletter here ➡️ https://lnkd.in/eNMJsQdW 📬 Don’t miss the next one and get it direct to your inbox by subscribing here ➡️ https://lnkd.in/e44d88Zb #Omnibus #EUTaxonomy #EuGBS #SFDR #CSRD #ESRS #ESG #CSDDD #SustainableInvestment #EU #Reports #Podcasts #Events #ReadingRecommendations

📢 𝗢𝗺𝗻𝗶𝗯𝘂𝘀 𝗽𝗿𝗼𝗽𝗼𝘀𝗮𝗹𝘀 𝗿𝗶𝘀𝗸 𝘂𝗻𝗱𝗲𝗿𝗺𝗶𝗻𝗶𝗻𝗴 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝗻𝗱 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 📄On 26 February, the European Commission published its first #Omnibus sustainability simplification package, which proposes fundamental changes to the Corporate Sustainability Reporting Directive (#CSRD), the Corporate Sustainability Due Diligence Directive (#CSDDD) and the delegated acts of the #EUTaxonomy Regulation. ⚠️ We are concerned that the amendments to CSRD and CSDDD, if adopted in the proposed form, will: 📍Weaken EU sustainability disclosures. 📍Undermine legal certainty for investors and corporates alike. 📍Detrimentally impact the ability of investors to allocate capital for industrial decarbonisation, to conduct forward-looking risk assessments and to support the transition to sustainable growth. 📍Go against the goals the EU Commission outlines in their Clean Industrial Deal and investment simplification omnibus. 📍Damage the EU’s long-term competitiveness. 💬Nathalie Dogniez, Eurosif Chair, commented: “The Commission’s proposal to reopen the CSRD for renegotiation creates legal uncertainty for investors and businesses and harms the first movers who have already prepared their first sustainability reports or started working towards compliance. The ability of out-of-scope companies to raise finance is likely to be hindered.” Aleksandra Palinska, Executive Director of Eurosif, said: “The proposal aims to reduce the number of in-scope companies by over 80%. Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data and impair their ability to scale-up investments for industrial decarbonisation and long-term growth. Voluntary reporting from companies will not fill this data gap.” ➡️ With the proposal now heading for negotiation in the European Parliament and Council of the EU, we call on EU co-legislators to uphold the ambition of the EU sustainable finance framework. 🌱 We also stand ready to help find solutions for simplification of these rules, while preserving their integrity and ability to deliver on their objectives. 👉Read our full press release here: https://lnkd.in/ecMd8kEF 💡 𝗙𝗼𝗿 𝗯𝗮𝗰𝗸𝗴𝗿𝗼𝘂𝗻𝗱 𝗶𝗻𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻: 👉Find the European Commission’s sustainability simplification proposal (“Omnibus I”) here: https://lnkd.in/d89TjJAt 👉For more information on what investors need from EU policymakers, read a statement from investors managing €6.6 trillion, and other financial market actors, coordinated by IIGCC, PRI and Eurosif: https://lnkd.in/eaV9MPxg

📢 𝗢𝗺𝗻𝗶𝗯𝘂𝘀 𝗽𝗿𝗼𝗽𝗼𝘀𝗮𝗹 𝗿𝗶𝘀𝗸𝘀 𝘂𝗻𝗱𝗲𝗿𝗺𝗶𝗻𝗶𝗻𝗴 𝘁𝗵𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗻𝗲𝗲𝗱𝗲𝗱 𝗳𝗼𝗿 𝗱𝗲𝗰𝗮𝗿𝗯𝗼𝗻𝗶𝘀𝗮𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗹𝗼𝗻𝗴-𝘁𝗲𝗿𝗺 𝗴𝗿𝗼𝘄𝘁𝗵 ⚠️ The #Omnibus simplification proposal published by the European Commission today (26 February) is likely to impair the ability of responsible investors to scale-up investments for the just transition. 💬 Eurosif Executive Director Aleksandra Palinska commented: “The Commission’s proposal to reopen the #CSRD and European Sustainability Reporting Standards for renegotiation creates legal uncertainty for investors and businesses, and harms the first movers who have already prepared their first sustainability reports or started working towards compliance. The proposal aims to reduce the number of in-scope companies by over 80%. Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data and impair their ability to scale-up investments for industrial decarbonisation and long-term growth. Voluntary reporting by companies will not fill this data gap.” 🔹 On the proposed changes to the Corporate Sustainability Due Diligence Directive (#CSDDD), Palinska said: “Climate transition plans are necessary for investors to assess the credibility of companies’ decarbonisation trajectories. Deleting requirements for the largest EU companies to implement transition plans and watering down the rules on environmental and human rights due diligence across their value chain would detrimentally impact the ability of investors to allocate capital for industrial decarbonisation, to conduct forward-looking risk assessments and to support the transition to sustainable growth.” 💡 𝗪𝗵𝗮𝘁 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗻𝗲𝗲𝗱 𝗳𝗿𝗼𝗺 𝗽𝗼𝗹𝗶𝗰𝘆𝗺𝗮𝗸𝗲𝗿𝘀 𝗶𝗻𝘀𝘁𝗲𝗮𝗱: ✔️ Preserve the objectives and substance of the EU’s sustainable finance framework. ✔️ Adjust technical standards to streamline rules. ✔️ Provide clarity through implementation guidance. 👉 Read our joint investor statement here to learn more: https://lnkd.in/eaV9MPxg 👉 Read the European Commission’s omnibus initiative for sustainability simplification (“Omnibus 1”) here: https://lnkd.in/d89TjJAt

🤔 Have you listened to our recent #podcast episode with Nathalie Dogniez, Chair of Eurosif, talking about the European Commission’s #Omnibus initative? ⏰ In just 15 minutes, Nathalie, an independent director and financial sector professional with more than 30 years’ experience, explains why any adjustments or recalibrations as part of the #Omnibus should 𝐧𝐨𝐭 come at the expense of the ambition of the EU sustainable finance framework.   📊 Nathalie also stresses the importance of access to high-quality, comparable #sustainabilitydata. Despite the initial challenges of reporting under new regulations in the first year, applying these rules would ultimately facilitate reporting for European companies and provide investors with direct digital access to financial and non-financial data, offering EU economic actors a significant #competitive edge. 🎧 Find the full podcast at one of the links below! 👇 🔗 Spotify: https://lnkd.in/ebPvpxyF 🔗 Apple: https://lnkd.in/eH3ri-Y8 🔗 YouTube: https://lnkd.in/efxPVPYQ

⚠️ 𝗟𝗲𝗮𝗸𝗲𝗱 𝗢𝗺𝗻𝗶𝗯𝘂𝘀 𝗽𝗿𝗼𝗽𝗼𝘀𝗮𝗹𝘀 𝗿𝗶𝘀𝗸 𝘂𝗻𝗱𝗲𝗿𝗺𝗶𝗻𝗶𝗻𝗴 𝗿𝗲𝘀𝗽𝗼𝗻𝘀𝗶𝗯𝗹𝗲 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿 𝗰𝗼𝗻𝘁𝗿𝗶𝗯𝘂𝘁𝗶𝗼𝗻 𝘁𝗼 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗴𝗿𝗼𝘄𝘁𝗵 Recent leaks of parts of the #Omnibus initiative, to be published in full on Wednesday 26 February, include very concerning changes to EU sustainable finance rules. 🔹Corporate Sustainability Reporting Directive (#CSRD): 📍 Drastic reduction of scope, by about 85%. Only very large companies with more than 1000 employees would be covered. 📍 Deletion of empowerment for the European Commission to adopt sector-specific sustainability reporting standards. 🔹 Corporate Sustainability Due Diligence Directive (#CSDDD): 📍 Massive rollback of rules that mandate companies to consider human rights and environmental concerns, including: 📍 Removal of the requirement to “put into effect” climate transition plans. 📍 Removal of civil liability as a result of failure to comply with the rules. 📍 Narrowing due diligence obligation only to direct suppliers and the definition of stakeholder to those “directly impacted”. 📍 Due diligence process to be undertaken only once every five years. 📍 Definitive exclusion of downstream value chain for financial services. 💬 Commenting on the leaks, Eurosif Executive Director Aleksandra Palinska said: “The leaked proposal aims to reduce the number of in-scope companies by 85%, which is massive. Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data and impair their ability to scale-up investments for industrial decarbonisation and long-term growth. Climate transition plans are necessary for investors to assess the credibility of companies’ decarbonisation trajectories. Deleting requirements for the largest EU companies to implement transition plans and watering down the rules on environmental and human rights due diligence across their value chain would detrimentally impact the ability of investors to allocate capital for the industrial decarbonisation, to conduct forward-looking risk assessments and to support the transition to sustainable growth. As highlighted in a recent joint investor statement, sweeping changes to EU sustainable finance rules, before they are fully implemented, will create regulatory uncertainty and are likely to hinder the contribution investors can make to sustainable growth.” 💡 What investors need from policymakers instead: ✔️ Preserve the objectives and substance of the EU’s sustainable finance framework. ✔️ Adjust technical standards to streamline rules. ✔️ Provide clarity through implementation guidance.  👉 Watch out for our comments when more of the content of the Omnibus proposal is known.  👉 Read our joint investor statement here: https://lnkd.in/ebBa5VFk

📢 Investors managing over €6.6 trillion worth of assets, jointly with Eurosif, Principles for Responsible Investment, and the Institutional Investors Group on Climate Change (IIGCC) are calling on the European Commission to preserve the integrity and ambition of the #EUSustainableFinance framework.   💬Learn why #CSRD and #ESRS are a competitive advantage for Europe and key for a resilient, prosperous net-zero economy. #SavingsandInvestmentsUnion #CleanIndustrialDeal

📢 𝗦𝗮𝗳𝗲𝗴𝘂𝗮𝗿𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝗘𝗨'𝘀 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗳𝗿𝗮𝗺𝗲𝘄𝗼𝗿𝗸 𝗶𝘀 𝗰𝗿𝗶𝘁𝗶𝗰𝗮𝗹 𝗳𝗼𝗿 𝗶𝘁𝘀 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲𝗻𝗲𝘀𝘀 🔍 Aleksandra Palinska, Executive Director of Eurosif, alongside Stephanie Pfeifer OBE, CEO of Institutional Investors Group on Climate Change (IIGCC) and David Atkin, CEO of Principles for Responsible Investment, have cosigned a joint op-ed ahead of the publication of the European Commission’s #Omnibus simplification initiative, expected on 26 February.  📈 To bridge the estimated €750-800 billion gap in annual investment needed to reach the EU’s competitiveness objectives in line with its environmental goals, investors need a stable policy environment and access to high-quality, comparable and reliable sustainability data.  ⚠️ Investors are concerned that the upcoming Omnibus package risks creating uncertainty and undermining investor confidence, which may hinder their contribution to the EU’s competitiveness and growth objectives.  🌱 Sustainability goals and the transition to a net zero economy are essential for managing system-level risks, unlocking new investment opportunities, and ultimately fostering long-term economic resilience and prosperity. 🎯 A robust and refined sustainable finance framework will drive growth, job creation, and industrial resilience, while sustaining the momentum behind the EU's Green Deal and strengthening its competitive edge. 👉 This is why Eurosif, IIGCC and PRI, alongside 163 investors (representing assets worth €6.6 trillion) cosigned a joint statement urging EU policymakers to preserve the principles, aims, and core substance of the EU #sustainable finance framework. 🔗 Read the joint op-ed here: https://lnkd.in/eg_EP3JK 🔗 Read the joint investor statement here: https://lnkd.in/eaV9MPxg

🤔 Have you listened to our recent podcast episode with Patrik Karlsson, Senior Policy Officer at the European Securities and Markets Authority (ESMA)? ⏰ In under 40 minutes, Patrik, in conversation with Pierre Garrault, Eurosif’s Senior Policy Adviser, walks us through: 👉 ESMA’s recent reports and opinions on #SFDR and #greenwashing. 👉 ESMA’s guidelines on fund names that use #ESG or sustainability-related terms and the recent Q&As to clarify their application.   👉 ESMA’s supervisory priorities for 2025. 🔎 Finally, Pierre and Patrik look ahead to the future of sustainable finance in light of the current political focus on streamlining regulatory requirements and the European Commission’s #Omnibus proposal. 🎧 Find the full podcast at one of the links below! 👇 🔗 Spotify: https://lnkd.in/eGugBDbN  🔗 Apple: https://lnkd.in/e55DWUAh  🔗 YouTube: https://lnkd.in/ebDxdSKe

📢 𝗝𝗼𝗶𝗻 𝗮 𝗻𝗲𝘄 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗼𝗳 𝘀𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 𝗽𝗿𝗮𝗰𝘁𝗶𝘁𝗶𝗼𝗻𝗲𝗿𝘀! The 𝗘𝘂𝗿𝗼𝘀𝗶𝗳 𝗖𝗹𝘂𝗯 brings together professionals from across Europe to discuss EU #SustainableFinance rules, share regulatory insights and connect with peers. If your company is interested in being a part of these discussions, now is the time to join. 🔗 Find more information on all the benefits and how to apply here: https://lnkd.in/eBAVdn6m #SustainableFinance #EURegulations #Networking Czech Sustainable Investment Forum Finsif FIR - Forum pour l'Investissement Responsable Forum Nachhaltige Geldanlagen e.V. HuSif - Hungarian Sustainable Investment and Finance Association Forum per la Finanza Sostenibile (ItaSIF) Luxembourg Sustainable Finance Initiative Sustainable Investment Forum Poland (POLSIF) Swiss Sustainable Finance Spainsif Swesif UKSIF

𝗡𝗲𝘄 𝗣𝗼𝗱𝗰𝗮𝘀𝘁 𝗘𝗽𝗶𝘀𝗼𝗱𝗲!  𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗶𝗹𝗶𝘁𝘆 𝗱𝗮𝘁𝗮: 𝗔 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗲𝗱𝗴𝗲 𝗳𝗼𝗿 𝘁𝗵𝗲 𝗘𝗨 🆕🎙️ For this episode of #SustainabilityBridges, special guest Nathalie Dogniez, Chair of Eurosif and independent director with more than 30 years’ experience within the financial sector, joins Pierre Garrault, Eurosif’s Senior Policy Adviser, to discuss the perspective of the financial industry on recent and future developments in EU sustainable finance. 📊 As part of the episode, Nathalie gives her view on the European Commission’s proposed #omnibus initiative, highlighting that while no regulation or standard is perfect on day one, adjustments and recalibrations should not come at the expense of the ambition of the #EU #sustainablefinance framework. While the first year of reporting under new regulations is always challenging, applying these rules would ultimately facilitate reporting for European companies and provide investors with direct digital access to their financial and non-financial data, giving EU economic actors a significant competitive edge. ⌚ All of this is covered in just 15 minutes, so why not take a listen during your next coffee break?    🎧 Find the full podcast at one of the links below! 👇 🔗 Spotify: https://lnkd.in/ebPvpxyF 🔗 Apple: https://lnkd.in/eH3ri-Y8 🔗 YouTube: https://lnkd.in/efxPVPYQ