On the occasion of the EU consultation on the revision of the CSR Directive, Deutsches Aktieninstitut advocates harmonizing the various regulations on sustainability reporting. Introducing additional reporting requirements should be avoided. Instead, the EU Commission should review the impact of the various reporting requirements (Taxonomy Regulation, TCFD) that have just been adopted. Additional reporting requirements should only be introduced after a thorough cost-benefit analysis. If there ...

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On the occasion of the consultation of the German Federal Government Sustainable Finance Council’s Interim Report, Deutsches Aktieninstitut has criticized a lack of confidence in market-economical solutions when it comes to the transformation process towards a more sustainable economy. In addition, Sustainable Finance-initiatives should be launched and promoted on the European level in order to prevent competitive distortions within Europe. The materiality principle has to remain the ...

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On the occasion of the trilogue negotiations on the EU taxonomy, Deutsches Aktieninstitut expressed its concerns regarding the design of the taxonomy in a letter to the Permanent Representation of Germany to the European Union. Deutsches Aktieninstitut rejects the extension of the scope to all financial products as proposed in the compromise. If the scope is extended, entire branches of industry could be cut off from financing. The compromise proposal does not sufficiently take into account ...

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Deutsches Aktieninstitut participates in the consultation on the taxonomy report of the Technical Expert Group (TEG). Deutsches Aktieninstitut demands that all sectors and industries affected by the taxonomy be included in the debate. The focus on the company perspective is essential for a widely accepted taxonomy. In addition, a practicable taxonomy requires a holistic and comprehensive approach that fits into the present European legal framework.

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Besides the usual financial criteria, environmental and social topics, as well as corporate governance, are becoming ever more important to institutional investors when valuing companies and making investment decisions. A study released today by Deutsches Aktieninstitut and Rothschild & Co affirms this trend. The study “ESG from the perspective of institutional investors – what listed companies should know” is based on extensive interviews with 18 international institutional investors, ...

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