CCH Daily: EU sustainability expert group backs integrated reporting
Posted
19 July, 2017
An interim report from the EU high level expert group on sustainable finance has highlighted the need to prioritise the integration of environmental, social and governance (ESG) factors into financial decision making and backed a shift to integrated reporting.
The report argues that ESG reporting requirements should be strengthened and advocates the introduction of a ‘sustainability test’ for EU financial legislation. The test would link government spending, bank lending, corporate investment and asset level data on capital investments.