EDHEC-Risk concerned about availability and quality of ESRS disclosures

printer-friendly version

Investment & Pensions Europe 04/08/2023

IPE - Investment & Pensions Europe

"(...) EDHEC-Risk Climate Impact Institute has welcomed the preservation of the double materiality principle and broad coverage of  ESG issues but has, however, expressed concerns about the availability and quality of disclosures, following the recent announcement regarding the European Commission’s adoption of the European Sustainability Reporting Standards (ESRS).

This adoption, under the Corporate Sustainability Reporting Directive (CSRD), comes less than a month after the end of a feedback period that had been kept short but had nevertheless produced some 600 stakeholder contributions.

Frédéric Ducoulombier, director at the institute, said: “As a research centre specialised on climate issues, we regret that the Delegated Acts fails to make climate-related disclosures mandatory but welcome the Commission’s last-minute adjustment requiring the disclosure of a detailed explanation when a reporting entity concludes that climate change is not material (...)" 

Copyright IPE 


EDHEC-Risk concerned about availability and quality of ESRS disclosures, 04/08/2023