more" />more" />more" />
AEIP
  • Offcanvas Icon
    • Home
    • About AEIP
      • About us
      • Mission & Vision
      • AEIP Team
      • Governance of AEIP
      • Members
      • Activity Reports
      • AEIP Vacancies & Internships
    • Working Groups
    • Publications
    • Partnerships
      • Protocols of cooperation
      • Scientific Council
    • Events
      • Conference
    • Contact
  • Mail : general@aeip.net
  • Tel : +32 2 233 54 20
  • Home
  • Newsletters
  • Contact
  • Archives
  • Intranet
  • Latest News
AEIP
  • About AEIP
    • About us
    • Mission & Vision
    • AEIP White Paper
    • AEIP Team
    • Governance of AEIP
    • Members
    • Activity Reports
    • AEIP Vacancies & Internships
  • Working Groups
  • Publications
  • Partnerships
    • Protocols of cooperation
    • Scientific Council
  • Projects
    • European Tracking Service on Pensions
    • Towards a New Start of Industrial Relations in Construction in CEEs
    • Information Sharing Agreements
    • Youth Employment Skillset in Posting
    • Mental Health in the Construction Sector Project
  • Events
    • Upcoming Events
    • Past Events
    • Annual Conference 2022: Video
  • Gallery
    • 2018 11 08 – AEIP – ANNUAL CONFERENCE 2018
    • 2019 11 06 – AEIP – ANNUAL CONFERENCE 2019
  • Notification

AEIP gives its input to the ESAs joint consultation on ESG disclosures

Homepage News AEIP gives its input to the ESAs joint consultation on ESG disclosures

AEIP gives its input to the ESAs joint consultation on ESG disclosures

Cécile Henrotte
02/09/2020
News

AEIP responded to the joint consultation of the European Supervisory Authorities (ESAs) regarding the development of Regulatory Technical Standards (RTS) for the ESG disclosures Regulation. AEIP has welcomed the opportunity to provide input and gave its feedback on a series of points. We appreciate the action of the ESAs to highlight to the European Commission the extremely tight implementation deadline, since we are concerned that our members will not be able to achieve compliance with the SFDR within the timespan between the adoption of the Regulatory Technical Timeline and the 11 of March 2021. At the same time, we believe that regulators should aim for consistent principles and requirements across different parts of the EU Sustainable Finance agenda, since, for example, the proposed set of the so-called ‘adverse impact indicators’ is namely not aligned with the ‘do-no-significant-harm’ criteria introduced by the Taxonomy Regulation.

 

Importantly, the best effort approach to obtain data from companies does not reflect the operational realities of pension funds. Article 7(2)a implies that financial market participants should first aim to obtain any missing data on the adverse impact indicators from investee companies. In reality, financial market participants will rely on external data suppliers that will collect data directly from investee companies or conduct their own research to arrive at reasonable estimates. Furthermore, the RTS seem to be designed for fairly simple retail funds, consisting mainly of listed equity and fixed income securities, for which a lot of data is already available. Pension funds’ portfolios are more complex and encompass all types of (long, non-leveraged) assets, including private equity, real estate, infrastructure, private debt, securitized assets and commodities. While these alternative assets only represent a minor part of the portfolio, reporting is required against all assets. While recognize the benefit of considering the social and environmental impact of some of these categories of assets, data is often completely missing. Moreover, the administrative burden of full compliance against the concept RTS therefore may be much higher for a pension funds than e.g. retail fund managers.

 

For AEIP’s full input to the ESAs joint consultation, please see here.

Previous Story
AEIP gives its input to the open consultation on the renewed sustainable finance strategy
Next Story
AEIP is partner association to the 2020 European Investors Day organized by l’AGEFI

Related Articles

AEIP replies to EIOPA’s Consultation on the review of the IORP II Directive

The European Association of Paritarian Institutions (AEIP) has submitted its...

Paritarian institutions in the Building Sector oppose against exemptions to prior notification for the construction industry

On 25 April, AEIP published a statement, shared with several...

Recent Posts

  • AEIP replies to EIOPA’s Consultation on the review of the IORP II Directive Thursday, 25, May
  • Paritarian institutions in the Building Sector oppose against exemptions to prior notification for the construction industry Thursday, 11, May
  • SAVE THE DATE – The 14th edition of the World Pension Alliance & Transatlantic Conference will take place from 14 to 16 June, 9h00 – 17h00 EST in Boston Thursday, 27, Apr
  • AEIP is pleased to announce the appointment of Simone Miotto as its new Executive Director Tuesday, 11, Apr

Categories

  • Archives
  • News
  • Position Papers
  • Press Releases
  • Studies & Reports
  • Uncategorized

AEIP

The European Association of Paritarian Institutions (AEIP)
Rue Montoyer 24
B – 1000 Brussels

Tel: +32 2 233 54 20
Mail: general@aeip.net
Contact us

Links

  • About AEIP
    • About us
    • Mission & Vision
    • AEIP White Paper
    • AEIP Team
    • Governance of AEIP
    • Members
    • Activity Reports
    • AEIP Vacancies & Internships
  • Working Groups
  • Publications
  • Partnerships
    • Protocols of cooperation
    • Scientific Council
  • Projects
    • European Tracking Service on Pensions
    • Towards a New Start of Industrial Relations in Construction in CEEs
    • Information Sharing Agreements
    • Youth Employment Skillset in Posting
    • Mental Health in the Construction Sector Project
  • Events
    • Upcoming Events
    • Past Events
    • Annual Conference 2022: Video
  • Gallery
    • 2018 11 08 – AEIP – ANNUAL CONFERENCE 2018
    • 2019 11 06 – AEIP – ANNUAL CONFERENCE 2019
  • Notification

News

  • AEIP replies to EIOPA’s Consultation on the review of the IORP II Directive
  • Paritarian institutions in the Building Sector oppose against exemptions to prior notification for the construction industry
  • SAVE THE DATE – The 14th edition of the World Pension Alliance & Transatlantic Conference will take place from 14 to 16 June, 9h00 – 17h00 EST in Boston
  • AEIP is pleased to announce the appointment of Simone Miotto as its new Executive Director
  • AEIP adopt its position on the Open Finance Framework initiative
  • AEIP reply to the call for evidence on the 2023 Strategic Foresight Report
  • AEIP input to: Insolvency laws: Increasing convergence of national laws to encourage cross-border investment

Follow us on Twitter

Copyright ©2018 AEIP Disclaimer - Made by Info Bel consulting, hosting Anagramme. All Rights Reserved
SearchPostsLogin
Thursday, 25, May
AEIP replies to EIOPA’s Consultation on the review of the IORP II Directive
Thursday, 11, May
Paritarian institutions in the Building Sector oppose against exemptions to prior notification for the construction industry
Thursday, 27, Apr
SAVE THE DATE – The 14th edition of the World Pension Alliance & Transatlantic Conference will take place from 14 to 16 June, 9h00 – 17h00 EST in Boston
Tuesday, 11, Apr
AEIP is pleased to announce the appointment of Simone Miotto as its new Executive Director
Thursday, 30, Mar
AEIP adopt its position on the Open Finance Framework initiative
Wednesday, 22, Mar
AEIP reply to the call for evidence on the 2023 Strategic Foresight Report

Welcome back,