EFAMA survey – Increases in supervisory costs

DUFAS response to revised ESRS consultation

As DUFAS we welcome the European Commission’s proposed revision of the European Sustainability Reporting Standards (ESRS), which strike an appropriate balance between simplifying reporting requirements and preserving the core principle of double materiality. In particular, we strongly support the clarification that investments managed on behalf of clients are outside the scope of mandatory ESRS reporting. This clarification provides much-needed legal certainty for the asset management industry.