Joint sustainable investment industry letter on CSRD
Trilogues on the Corporate Sustainable Reporting Directive (CSRD) has begun in earnest (28 March, 7 April) and may conclude as soon as May 2022. With this letter, both organisations representing sustainable investment industry, would like to emphasize the need for CSRD to mandate robust disclosures around company transition plans and net-zero commitments, including disclosure of the scenarios used for these plans and the key assumptions underpinning them.
Eurosif and the UN-PRI call for companies that have made a commitment to attain net-zero by 2050 to be subject to clear, robust disclosure requirements. Investors need comprehensive information on how companies intend to decarbonise their operations and value chain in order to support the transition. The CSRD presents a unique opportunity to bring such transparency.