Position paper - SFTF letter to MEP Durand on CSRD recommendations

The European Commission’s proposal for a Corporate Sustainability Reporting Directive (CSRD) envisages the adoption of EU reporting standards on sustainability to help improve environmental, social and governance (ESG) disclosures and consequently lead to greater relevance, comparability and reliability of ESG reporting across the EU. AmCham EU is a strong supporter of the Directive’s objective. At the same time, we also recognise the significant changes that new reporting requirements entail. We, therefore, advocate for a proportionate approach to balance the growing demand for ESG data from the investment and stakeholder community, with the growing burden companies face in gathering, preparing, assuring and reporting such data. In our letter to MEP Pascal Durand and the attached position paper, we outline key priority areas such as international convergence, double materiality, dual-listed securities or timing and consistency concerns.