PensionsEurope welcomes the opportunity to comment on the EFRAG’s exposure draft on the Draft European Sustainability Reporting Standards. PensionsEurope supports the introduction of an EU level sustainability reporting framework. There is an increasing demand from pension funds for ESG data due to the growing sustainable investments of pension funds and the requirements for complying with European regulatory frameworks on sustainable finance.
We actively support some additional disclosure requirement on “workplace employee benefits’’ to better recognize private pensions, which will be open to all company’s workforce, as an indicator of a good remuneration policy. Moreover, PensionsEurope supports and encourages consistency of reporting requirements and their alignment with requirements of other Sustainable Finance regulations and global frameworks. Finally, we believe that the upcoming framework should facilitate and recognise the difference between portfolio and company materiality.