BETTER FINANCE welcomes the horizontal and vertical dimensions represented in the objectives of the taxonomy. Furthermore, we would like to suggest expanding the horizontal dimension based on the promotion of gender equality which should not be based only on the gender pay gap but also on freedom of expression, assembly, etc.
BETTER FINANCE believes that the European Commission should not further diminish the ambition of ESRS. At the very least, there should be a set of mandatory disclosure requirements (such as GHG emissions) irrespective of materiality assessments made by companies.
BETTER FINANCE, as an independent financial expertise center serving European financial services users, represents millions of individual investors in Europe who stand to benefit from the draft non-financial reporting Standards developed by EFRAG. BETTER FINANCE welcomes the opportunity to provide feedback on the draft Delegated Act (DA) by the European Commission concerning the European Sustainability
BETTER FINANCE published a letter accompanying its response to the European Financial Reporting Advisory Group (EFRAG) on its draft EU Sustainability Reporting Standards (ESRS). In light of the proposals put forward by EFRAG, BETTER FINANCE would like to draw attention to the overarching themes that will ensure investors receive understandable, comparable, and reliable information which
BETTER FINANCE notes that the gap between users’ information needs and the sustainability information reported by undertakings is growing. Academic research demonstrates however that companies are reporting more often on aims and intentions rather than on actual actions and performance. Besides, there is a significant increase in demand for sustainability reporting information from undertakings which
INTRODUCTORY EXPLANATIONS (for non-professional readers) European Union (EU) authorities aim to improve the conditions of saving and investing in capital markets for EU households through several regulatory and supervisory actions. Currently, most of these initiatives stem from the recommendations of the High-Level Forum on the Future of the Capital Markets Union,[1] on which the European
BETTER FINANCE welcomes the horizontal and vertical dimensions represented in the objectives of the taxonomy. Furthermore, we would like to suggest expanding the horizontal dimension based on the promotion of gender equality which should not be based only on the gender pay gap but also on freedom of expression, assembly, etc.
Dear Ms Tingali, Dear Members of the ECON Committee, “The only function of economic forecasting is to make astrology look respectable”. (Ezra Solomon, Stanford Professor of Finance) We are writing to you in our capacity as executives of major EU public interest organisations working on financial services and representing the interests of the 190 million
On 18 June 2019, the Technical Expert Group (TEG) published its report on Climate Benchmarks and Benchmarks’ ESG Disclosures. The report recommends a list of minimum standards for the methodologies of EU Climate Transition and Paris-aligned benchmarks addressing the risk of greenwashing, and disclosure requirements to improve transparency and comparability of information across benchmarks not only regarding climate-related
BETTER FINANCE welcomes the European Commission’s report on standardised presentation of the remuneration and stresses the importance of these guidelines to provide a clear and understandable remuneration. We believe that despite the increasingly complex nature of compensation systems across Europe, they can still be explained in a very readable way, and we, therefore, provide our
BETTER FINANCE welcomes and supports EIOPA’s ongoing work on a supervisory toolkit to assess the value for money offered by unit linked and hybrid insurance products. Since its creation, BETTER FINANCE has been fighting for regulatory and supervisory action to improve the returns of long-term and pension saving products. As BETTER FINANCE research shows, high
BETTER FINANCE strongly supports the intention to provide consumers with a clear and comprehensive view of their insurance policies, simplifying understanding and enabling easy product comparisons. BETTER FINANCE, however, has long called authorities themselves to centralize insurance/investment product information in order to enable (EU-wide) comparability tools. More generally, we also warn against the privatisation of