PensionsEurope welcomes the opportunity to comment on the Platform on Sustainable Finance’s paper about Minimum Safeguards (MS). The Report proposes two sets of criteria for the establishment of non-compliance with MS: one related to adequate due diligence processes implemented in companies (i.e. relying on corporate reporting and disclosure) and the other related to the actual outcome of these processes or the company’s performance (i.e. relying on external checks on companies). PensionsEurope acknowledges that the Report tries to be as clear and thorough as possible, however minimum safeguards definitions could lead to differences in interpretation. Therefore, clarity and consistency should remain key elements during the development of MS. See our comments in detail.