Legal & Regulatory News

Proposal for centralised register for ESG data in the EU

10 June 2020

The European Banking Federation has, together with five other financial industry associations (together the Industry Associations), called for the European Commission to establish a common environmental, social and governance (ESG) data register for the European Union. The proposed purpose of this register would be to enhance the availability of relevant and reliable ESG data, facilitate disclosure and scale-up sustainable funding.

The proposals of the Industry Associations suggest that any such data register should focus on ESG disclosure in line with the Non-Financial Reporting Directive and the EU taxonomy, starting with climate change adaptation and mitigation objectives, as well as ESG data necessary to financial market participants to comply with the Sustainable Finance Disclosure Regulation.


Click here to access the letter.