Eumedion supports SEC involvement in sustainability reporting
News · 14-06-2021
Eumedion encourages the US securities regulator SEC to oblige US listed companies to publish sustainability information. Eumedion also encourages the SEC to strive for international convergence of sustainability reporting through the International Sustainability Standards Board (ISSB) of the IFRS Foundation, which is to be established shortly. This is what Eumedion writes in its input for the SEC consultation on climate and sustainability reporting. Last March, the SEC requested stakeholders whether the stock exchange regulator should draw up reporting standards in the field of climate and any other sustainability areas. Eumedion encourages the SEC to indeed take up this topic, partly because sustainability information for institutional investors is increasingly important information for taking investment decisions. Moreover, this information is a precondition for the shareholders' ability to hold a company's board to account for its sustainability performance. Eumedion does urge the SEC to work towards international harmonisation of sustainability reporting as soon as possible. Eumedion had already done so earlier with the European Commission regarding its proposal to prepare European reporting standards for sustainability information.