30 June 2020

SSE joins GRI, SASB, and Arabesque for Data & Sustainability Summit - highlighting EU's NFRD

Crux Informatics organized a two-day virtual summit to discuss data and sustainability. The Data & Sustainability Summit gathered 25 of the leading experts and thought leaders in the sustainable technology and ESG investing sectors.

The Path to Standardization in ESG Investing: EU Non-Financial Reporting Directive (NFRD)

SASB believes that a revised NFRD could lead to a globally accepted system of standards for non-financial disclosure. She also mentioned that the EU’s “double materiality” concept is key to achieving the objectives of the NFRD. It is important to recognize that ESG information has a broader audience than traditional financial reporting. The double materiality entails that ESG issues impact a company’s financial performance and also reflects how a company’s actions on these issues impact society.

More can be found in SASB white paper. GRI also supports the European Commission’s plans to revise the NFRD and has made available its contribution to the EU public consultation regarding the NFRD. SSE speaker made remarks about EU NFRD influence on securities regulators around the world. Many securities regulators around the world have demonstrated increasing interest in the relationship between sustainability issues and their core mandates. In order to support securities regulators on how, within their existing mandates, they can act (and are acting) on sustainability-related risks and opportunities, the SSE recently launched a new interactive Securities Regulators Database to provide examples of how securities regulators are already contributing to the achievement of the Sustainable Development Goals.

These examples can be filtered by the ten action areas found in the SSE’s Action Plan for securities regulators which is the central guidance of the SSE publication How securities regulators can support the Sustainable Development Goals. To learn more about SSE work in this area, visit our Securities Regulator workstream on the SSE website.

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