5. March 2020
The German Government’s Sustainable Finance-Committee published its interim report on 5 March 2020. It discusses 53 approaches for the development and the implementation of a sustainable finance strategy for Germany. A suitable data basis is seen as the basis for the desired resilience and transformation of the financial sector. Therefore, a large part of the approaches relates to transparency and disclosure aspects.
Core recommendations include:
Furthermore, the Committee discusses:
ASCG President Prof. Dr. Andreas Barckow commented as follows:
“With its interim report, the Committee contributes significantly to the debate on the further development of corporate reporting, particularly in light of the current EU consultation on the revision of the Non-financial Reporting Directive. From a German perspective, I think it would be desirable to embed the discussion in an international context in order to avoid national or purely European efforts as far as possible. This applies especially to the issue of disclosure and transparency.”
The Committee seek the views of respondents and invite all interested parties to submit proposals for amendments and additions. The comment period ends on 3 April 2020 and the DRSC aims to comment on the report.