EFAMA: EU-wide 'single access point' would open up comparable ESG data

Trade association consortium urged action

The European Commission's recommendation to create an EU-wide 'single access point' as part of the capital markets union (CMU) would open up greater access to comparable environmental, social and governance (ESG) data, according to the European Fund and Asset Management Association (EFAMA).

The establishment of a continental single access point was part of the European Commission's High-Level Forum's final report on the CMU released today (10 June).  The report outlined a series of 17 interconnected measures the European Union (EU) needed to urgently implement to remove the biggest barriers in capital markets. One of the recommendations was to establish an EU Single Access Point to enable central access to financial and non-financial public corporate disclosures under existing EU disclosure rules.  It would provide a single place for financial and sustainability-relat...