In its response to the ESMA consultation on Guidelines on Disclosure Requirements under the Prospectus Regulation, Deutsches Aktieninstitut welcomes that ESMA provides the possibility to refer to existing financial reporting rather than duplicating the figures in the prospectus. Deutsches Aktieninstitut demands to consistently pursue this intention. Only in this way information asymmetries can be reduced in relation to financial reports that are important for investors.

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On the occasion of the EU consultation on a review of the non-binding guidelines for the European CSR-Directive, Deutsches Aktieninstitut has pointed at the necessity of adopting a proportionate and realistic framework on climate reporting not confronting companies with a mission impossible. In particular the reporting of Scope 3 emissions in accordance with the Greenhouse Gas Protocol is presently unable to render reliable results. The same applies for the concept of Scenario-Analyses as ...

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