reported today that the Executive Commission of the EU is close to making ESG disclosure mandatory, as told to them by Matt Christensen, Eurosif’s Executive Director.

Already in place is the Alternative Investment Fund Managers (AIFM) directive to curb bank bonuses, and underway is an EU consultation on corporate governance in financial institutions. In its response to the EC’s consultation on Non-Financial Reporting, Eurosif calls for institutional investors to disclose the extent to which ESG factors are integrated into their investment decisions.

Further, Eurosif is working with the European Fund and Asset Management Association (EFAMA) to collaborate on future initiatives such as framing language around ESG disclosure to make it more clear, especially in the financial services industry.

This is certainly good news for Europe, but what does this mean for the U.S.? Do you think this will get the wheels in motion for non-financial reporting to be mandatory here? Or will it take more push from shareholders to influence the government? Discuss!

To read the full article please click here.