PensionsEurope welcomes the European Commission (EC) initiative which aims to align crucial EU legislation concerning Sustainable Finance. PensionsEurope firmly believes that the competitiveness of the EU economy is vital, it is possible to reduce the administrative burden without undermining the EU’s policy objectives regarding the green transition.
Any simplification should be carefully balanced to ensure that material sustainability information on risks, opportunities, and impacts—critical to informed investor decision-making—is preserved. The Omnibus package should aim to streamline regulatory requirements, eliminate immaterial data, and refocus reporting on relevance and clarity.
