EDHEC-Risk concerned about availability and quality of ESRS disclosures
Investment & Pensions Europe 04/08/2023
"(...) 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 (...)"
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EDHEC-Risk concerned about availability and quality of ESRS disclosures, 04/08/2023
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Operating from campuses in Lille, Nice, Paris, London and Singapore, EDHEC is one of the world’s top 15 business schools. Fully international and directly connected to the business world, EDHEC commands a strong reputation for research excellence and the ability to train entrepreneurs and managers capable of breaking new ground. EDHEC functions as a genuine laboratory of ideas and produces innovative solutions valued by businesses. The School’s teaching is inspired by its research work and a focus on “learning by doing”, all with the aim of equipping people with the skills to succeed in business.
