Corporate sustainable reporting and EU Taxonomy: a compass for the recovery of Europe? Practical implications for the EU, investors and companies
On Tuesday 14th of September 2021, the Sustainable, Long-term investments & Competitive European Industry Intergroup in the European Parliament held its online conference on « Corporate sustainable reporting and EU Taxonomy: a compass for the recovery of Europe? Practical implications for the EU, investors and companies». Chaired by MEP Dominique Riquet and overseen by John Berrigan, Director-General of Financial Stability, Financial Services and Capital
Markets Union in the European Commission, this event focused on exploring the practical implications of the Taxonomy Regulation and the new Corporate Sustainability Reporting Directive (CSRD) with respect to EU investors and companies, while considering the COVID-19 recovery. The panel discussion was moderated by Laurent Zylberberg, Chair of the European Long-Term Investors Association (ELTI).
Context: The recovery plan issued in response to the COVID-19 pandemic created a major opportunity to redirect capital flows towards sustainable projects. The capacity of the EU to meet its climate and energy targets for 2030 and to reach the objectives of the European Green Deal relies on its ability to trigger profound structural changes in the economy. The EU has already taken the lead by creating a new tool for the classification of sustainable asset classes and aims as well at reinforcing the framework of non-financial for large undertakings.
The debate gathered:
- Patrick de Cambourg, Chair of the Autorité des normes comptables
- Michael Zimonyi, External affairs & Policy Director at CDSB and Co-chair of the Informal Working Group on Sustainable finance
- Jana Bour, European Policy Manager, European Public Real Estate (EPRA)
- Stella Benfatto, Advisor- Wholesale Markets- Invetsment Lead, Director Eurelectric
MEP Paul Tang, (Group of the Progressive Alliance of Socialists and Democrats) concluded the discussion.
Caroline François-Marsal, firstname.lastname@example.org