Bruegel 58d ago

🌱 Future-proofing and creative destruction: How EU sustainable finance can find a way forward⁠ ⁠ ❓️What about the EU Omnibus? The goal of it was to simplify these disclosures and make them more fit for purpose. Did it do that? ⁠ ⁠ 🟠 "My very short answer will be that in my personal view it did not. What it did was take away data availability and data quality and the expectation of again having a comparable coherent sustainability metrics that could be used for the purpose of investing and discriminate the sustainability characteristics of investee company. And then I will leave it to Dirk."⁠ ⁠ 🟡 "Let's first call it what it is. It was due to a huge lobby to water down the rules. So let's say what it is. It is not about simplification, it is about less regulation by the ones who have to report. And then exactly as you say Sylvia, the result is less data availability and now 80% of companies don't have to report anymore."⁠ ⁠ 🗣️ Host Rebecca Christie discusses EU sustainable finance with Bruegel’s Silvia Merler and Dirk Schoenmaker.⁠