The European Commission is proposing that money managers be exempt from a requirement to report ESG data on the assets they hold on behalf of clients.
In a fresh rewrite of the bloc’s sustainability reporting standards, the European Union’s executive arm has proposed that any firm managing investments on behalf of clients and “without retaining risks or rewards of ownership” shouldn’t have to provide data on those investments.
The commission opened the proposal to public comment on Wednesday, and is collecting feedback until June 3. The measure, which still requires the approval of EU member states and lawmakers, is part ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.