Downing LLP along with over sixty businesses, investors and business associations across Europe are today calling on the European Commission not to waiver in its commitment to raising legally binding sustainability reporting standards for companies.
Collectively representing businesses with $80 billion in market capitalisation and financial institutions with $570billion in assets, the group is calling on Mairead McGuinness, EU Commissioner responsible for EU capital markets, to maintain the current disclosure requirements and implement them in a timely manner.
Downing’s Head of ESG, Roger Lewis said: “This is a commendable letter advocating sustainability reporting standards from the CDP to the EU. As a sustainable investment firm, we are proud to be supporting policies like this.
The EU has shown leadership by developing a set of high-quality sustainability reporting standards that cover a company’s impact on the planet and people, as well as risks and opportunities. So, collaborating with other firms helps us and the wider investor community to promote sustainability.”
If you would like to read the full public letter sent to the EU Commission, please click here