Environment
EU Agrees to Cut ESG Reporting Requirements for Asset Managers
Key Points
EU Agrees to Cut ESG Reporting Requirements for Asset Managers Money managers in Europe won’t have to report ESG data on all the assets they hold, under revised disclosure requirements. The European Commission said money managers that are “subject to a fiduciary duty” to clients and that manage portfolios under “a mandate agreed with those clients” won’t have to provide such information, in a rewrite of the block’s sustainability reporting standards made public on Friday.
EU Agrees to Cut ESG Reporting Requirements for Asset Managers
Money managers in Europe won’t have to report ESG data on all the assets they hold, under revised disclosure requirements.
The European Commission said money managers that are “subject to a fiduciary duty” to clients and that manage portfolios under “a mandate agreed with those clients” won’t have to provide such information, in a rewrite of the block’s sustainability reporting standards made public on Friday.