EUROPEAN UNION: EFAMA Reply to the European Commission’s Public Consultation on Institutional Investors and Asset Managers’ Duties Regarding Sustainability

Wednesday February 7 2018

On 7^th February 2018, the European Fund and Asset Management Association (EFAMA) replied to the European Commission’s Public consultation on institutional investors and asset managers’ duties regarding sustainability.

To consider sustainability factors in practice, investment entities need relevant information and rely heavily on data. There is an abundance of data, disclosures and reporting standards available, however the challenge in practice is to know which data is financially material, and how the data explains the quantitative or qualitative impact on the business’ value creation over the long term, and the comparability and consistency of the data.

• The below should consider sustainability factors in their investment decisions:
• Occupational pension providers
• Personal pension providers
• Life insurance providers
• Non-life insurance providers
• Collective investment funds (UCITS, AIF, EuVECA, EuSEF, ELTIF)
• Individual portfolio managers

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