The World Federation of Exchanges (WFE) welcomes the European Commission’s ongoing work to simplify and streamline the European Sustainability Reporting Standards (ESRS) and appreciates the opportunity to provide feedback on the draft revised ESRS Delegated Act.
Building on the principles set out in the WFE’s Open Letter on Addressing International Fragmentation in Sustainability Regulation, we believe the current consultation presents an important opportunity to reduce unnecessary duplication for companies that are required to report under multiple sustainability reporting regimes, while preserving decision-useful sustainability-related information for investors and other stakeholders.
As operators of globally interconnected markets, WFE members have a strong interest in ensuring that sustainability reporting requirements remain proportionate, operationally implementable and supportive of efficient cross-border capital formation.