{"id":3702,"date":"2025-07-09T10:33:11","date_gmt":"2025-07-09T08:33:11","guid":{"rendered":"https:\/\/www.planetfanatics.hu\/?p=3702"},"modified":"2025-12-04T10:48:40","modified_gmt":"2025-12-04T09:48:40","slug":"green-rays-of-hope","status":"publish","type":"post","link":"https:\/\/www.planetfanatics.hu\/en\/news\/green-rays-of-hope\/","title":{"rendered":"Omnibus Professional-Financial Opinions"},"content":{"rendered":"
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Author: Katalin Szomol\u00e1nyi<\/a><\/span><\/span><\/strong><\/h6>\n

The goal is important, but so is ensuring it doesn’t cause significantly more harm from either a sustainability or financial perspective. This is perhaps how the opinions of the European Central Bank and the European Sustainable Investment Forum on the Omnibus can be summarized. <\/strong><\/p><\/blockquote>\n<\/div>\n

\n

n recent days, several noteworthy opinions have emerged regarding the EU Omnibus package.<\/span>\u00a0<\/span><\/p>\n

One such opinion was issued by the <\/span>European Central Bank<\/span><\/a> (ECB) on May 8, 2025. The <\/span>opinion<\/span><\/a> should be read in light of the fact that the proposed directives contain provisions that fall within the ECB’s remit, particularly the implementation of monetary policy, prudential supervision of credit institutions, contributing to the smooth operation of policies related to financial system stability, and the collection of statistical data.<\/span>\u00a0<\/span><\/p>\n

Another <\/span>opinion<\/span><\/a> was published on May 13, 2025, by <\/span>Eurosif<\/span><\/a> (European Sustainable Investment Forum), which is the leading pan-European organization promoting sustainable finance at a European level.<\/span>\u00a0<\/span><\/p>\n

Eurosif’s members consist of Sustainable Investment Forums (SIFs) from the EU, Switzerland, and the UK, most of which have a broad membership, including asset managers, institutional investors, index providers, and ESG research and analysis firms.<\/span>\u00a0<\/span><\/p>\n

General Findings<\/strong><\/h2>\n

The ECB generally supports the Commission’s objective to enhance the long-term competitiveness of the European economy while upholding the goals of the European Green Deal and the Sustainable Finance Action Plan.<\/span>\u00a0<\/span><\/p>\n

Therefore, the ECB supports the simplification and streamlining of CSRD and CSDDD requirements, thereby ensuring that compliance costs are proportionate for companies.<\/span>\u00a0<\/span><\/p>\n

Well-designed sustainability reporting requirements can support the Union’s competitiveness. The availability of harmonized, standardized, and reliable sustainability information provides investors with the appropriate data to inform investment decisions.<\/span>\u00a0<\/span><\/p>\n

The Clean Industry Agreement requires significant investments in clean technology, renewable energy, and energy-efficient infrastructure, as well as the development of incentives to support the climate transition of energy-intensive industries. The sustainability reporting framework \u2013 particularly climate-related reporting standards \u2013 provides valuable metrics to inform investments in low-carbon industries, renewable energy, transition finance, and other clean and green initiatives. Harmonized reporting \u2013 instead of fragmented data collection \u2013 and alignment with international standards avoid unnecessary compliance costs for both reporting companies and data users.<\/span>\u00a0<\/span><\/p>\n

In addition to supporting competitiveness, a well-designed sustainability reporting framework is essential for market participants to understand and price sustainability-related financial risks. By ensuring the appropriate quality and quantity of corporate-level sustainability information, the reporting framework can provide reliable, comparable, and understandable information to investors, credit institutions, financial market participants, and authorities \u2013 including central banks and prudential supervisors. Furthermore, such a framework can help prevent investment decisions from being made on the basis of incomplete information, thereby ensuring that these decisions adequately consider sustainability risks.<\/span>\u00a0<\/span><\/p>\n

A lack of sustainability information, however, can lead to systemic risks that jeopardize financial stability. Problems with the availability, quality, and granularity of ESG data, as well as a lack of comparability and transparency of such data, pose significant challenges not only for investors but also for credit and financial institutions and authorities. Therefore, the ECB believes that a well-designed sustainability reporting framework is essential to address data gaps experienced in sustainability policy, risk assessment, and risk monitoring in the financial sector, in line with the objectives of the Union’s sustainable finance framework.<\/span>\u00a0<\/span><\/p>\n

In this context, it is crucial that the proposals to amend the CSRD, aimed at reducing reporting costs \u2013 including the supply chain \u2013, continue to support the application of policies and measures aimed at identifying and managing risks in the financial sector.<\/span>\u00a0<\/span><\/p>\n

The ECB also supports the Commission’s further efforts to simplify and streamline the sustainable finance framework to reduce corporate reporting costs, increase the system’s usefulness for investors and end-users, and promote green investment. The ECB recalls its support for the requirement to publish data in a single electronic reporting format.<\/span>\u00a0<\/span><\/p>\n

This facilitates data processing and standardization in corporate IT systems, which contributes to reducing reporting costs. The ECB suggests that the Commission explore the possibility of making the entire dataset available to end-users in a suitable format, especially to facilitate bulk data exchange and direct access through an appropriate database portal.<\/span>\u00a0<\/span><\/p>\n

The ECB encourages EU lawmakers to agree on the proposals as soon as possible, but no later than by the end of 2025.<\/span>\u00a0<\/span><\/p>\n

It also calls on Member States to transpose the CSRD in a timely manner and supports the Commission’s intention to prepare and adopt the necessary delegated acts well in advance of the proposed directives’ entry into force.<\/span>\u00a0<\/span><\/p>\n

Eurosif emphasizes that the CSRD is a fundamental part of the EU’s sustainable finance framework. The European Commission put it forward because the previous rule (the Non-Financial Reporting Directive, NFRD) was deemed inadequate to meet investors’ ESG data needs, mobilize financing for the industrial transformation into a sustainable economy, or achieve the EU Green Deal’s objectives.<\/span>\u00a0<\/span><\/p>\n

Problems identified in the CSRD impact assessment included uncertainty regarding the information to be reported by companies, a low level of voluntary reporting, and inadequate reliability or comparability of sustainability data for investors.<\/span>\u00a0<\/span><\/p>\n

Proposals Related to Corporate Sustainability Reporting<\/strong><\/h2>\n

Scope of Reporting Obligation<\/u><\/strong><\/p>\n

Under the proposed amendments to the CSRD, the scope of the sustainability reporting obligation would be limited to large undertakings and parent undertakings of large groups that employ, on average, more than 1000 people during the financial year.<\/span>\u00a0<\/span><\/p>\n

The ECB sees the modification of the scope extension as beneficial in certain respects. The elimination of the distinction between listed and unlisted companies can have a positive impact.<\/span>\u00a0<\/span><\/p>\n

It is important that undertakings have access to adequate financing at different stages of their life cycle, and stock market listing can play a significant role, particularly in later stages of growth. Therefore, it must be ensured that the cost of complying with CSRD requirements does not act as a disincentive for undertakings considering stock market listing.<\/span>\u00a0<\/span><\/p>\n

The proposed narrowing of the scope represents a significant change from the CSRD.<\/span>\u00a0<\/span><\/p>\n

According to the proposal, the number of companies subject to sustainability reporting would decrease by approximately 80%. This modification could significantly limit stakeholders’ access to important information and potentially lead to unintended consequences.<\/span>\u00a0<\/span><\/p>\n

The current scope of the CSRD is estimated to cover only approximately 37% of the CO2 emissions generated by EU companies.<\/span>\u00a0<\/span><\/p>\n

The proposed narrowing could further reduce this proportion and even result in certain significant emitters \u2013 including companies using fossil fuels \u2013 being exempt from the reporting obligation. A lack of data could mask climate-related financial risks.<\/span>\u00a0<\/span><\/p>\n

The proposed amendments to the CSRD would result in some companies currently falling under the scope of Directive 2014\/95\/EU of the European Parliament and of the Council (Non-Financial Reporting Directive \u2013 NFRD) no longer being required to undertake sustainability reporting.<\/span>\u00a0<\/span><\/p>\n

Under the NFRD, large undertakings that are public-interest entities and employ, on average, more than 500 people during the financial year fall within its scope. These companies account for an estimated 77% of the aggregated turnover of large EU companies, although they represent only approximately 33% of all large companies.<\/span>\u00a0<\/span><\/p>\n

Under the current CSRD, all credit institutions are required to undertake sustainability reporting.<\/span>\u00a0<\/span><\/p>\n

However, the ECB estimates that, as a result of the narrowing of the CSRD’s scope, approximately one-eighth of significant credit institutions, as well as the majority of less significant institutions, would no longer be subject to this obligation. This would result in incomplete ESG information about the banking sector, thereby hindering the objective of the Union’s sustainable finance framework to ensure full transparency for financial markets.<\/span>\u00a0<\/span><\/p>\n

Supervisory authorities need adequate and sufficiently granular data from all institutions exposed to ESG risks.<\/span>\u00a0<\/span><\/p>\n

It is important to note that ESG risks are not necessarily proportionate to the size of the institution.<\/span>\u00a0<\/span><\/p>\n

Therefore, the ECB suggests that at least all significant institutions \u2013 regardless of the number of employees \u2013 should remain subject to sustainability reporting.<\/span><\/b>\u00a0<\/span><\/p>\n

The obligation incorporated into the proposed CSRD amendment, according to which large undertakings and parent undertakings of groups employing, on average, between 500 and 1000 employees during the financial year (hereinafter: “mid-sized large undertakings”) would also be obliged to report, will…<\/span><\/b>\u00a0<\/span><\/p>\n

…the deadline set for preparing a report does not provide sufficient time for evaluation.<\/span>\u00a0<\/span><\/p>\n

Nevertheless, it believes that <\/span>regulated financial undertakings should not be treated differently from undertakings in other sectors even in the context of the CSDDD.<\/span><\/b> For private finance to effectively manage risks and support the green transition of the real economy, it is essential that regulatory and legislative requirements are consistent across sectors. In particular, the due diligence requirements of the CSDDD can help ensure that financial institutions systematically integrate sustainability considerations into their decision-making and risk management practices.<\/span>\u00a0<\/span><\/p>\n

Emellett a CSRD javasolt m\u00f3dos\u00edt\u00e1sa egyfajta \u201eszakad\u00e9keffektust\u201d vezet be a fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9telben. Fenn\u00e1ll a vesz\u00e9lye annak, hogy az \u00fczleti \u00e9v sor\u00e1n \u00e1tlagosan t\u00f6bb mint 1000 f\u0151t foglalkoztat\u00f3 nagyv\u00e1llalatok \u00e9s anyav\u00e1llalatok kiszervezik a munk\u00e1t, \u00e9s \u00edgy mesters\u00e9gesen 1000 al\u00e1 cs\u00f6kkentik a munkav\u00e1llal\u00f3k sz\u00e1m\u00e1t a jelent\u00e9st\u00e9tel elker\u00fcl\u00e9se \u00e9rdek\u00e9ben.\u00a0A jelent\u00e9st\u00e9teli k\u00f6telezetts\u00e9g fokozatosabb megk\u00f6zel\u00edt\u00e9s\u00e9nek bevezet\u00e9s\u00e9vel, az egyszer\u0171s\u00edtett szabv\u00e1nyok alkalmaz\u00e1s\u00e1val ez a jelens\u00e9g hat\u00e9konyan m\u00e9rs\u00e9kelhet\u0151 lenne.<\/strong><\/p>\n

Az Eurosif javaslata a k\u00f6telez\u0151 jelent\u00e9st\u00e9tel k\u00f6r\u00e9nek m\u00f3dos\u00edt\u00e1sa az 500-n\u00e1l t\u00f6bb alkalmazottat foglalkoztat\u00f3 v\u00e1llalatokra, \u00e9s egy k\u00f6zepes m\u00e9ret\u0171 kateg\u00f3ria l\u00e9trehoz\u00e1sa a 250 \u00e9s 500 k\u00f6z\u00f6tti alkalmazottat foglalkoztat\u00f3 v\u00e1llalatok sz\u00e1m\u00e1ra, testreszabott, egyszer\u0171s\u00edtett ESRS-ekkel.<\/strong><\/p>\n

Az ECB megjegyzi, hogy a fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9teli k\u00f6telezetts\u00e9g hat\u00e1lya harmadik orsz\u00e1gok v\u00e1llalkoz\u00e1sai tekintet\u00e9ben is sz\u0171k\u00fclt, a nett\u00f3 \u00e1rbev\u00e9teli k\u00fcsz\u00f6b\u00f6k jelent\u0151s megemel\u00e9s\u00e9vel. E m\u00f3dos\u00edt\u00e1sok k\u00f6vetkezt\u00e9ben az Uni\u00f3 ter\u00fclet\u00e9n tev\u00e9kenys\u00e9get v\u00e9gz\u0151 harmadik orsz\u00e1gok v\u00e1llalatainak nagyobb h\u00e1nyada mentes\u00fclne a jelent\u00e9st\u00e9teli k\u00f6telezetts\u00e9g al\u00f3l, mint a jelenlegi CSRD alapj\u00e1n. Ez n\u00f6veln\u00e9 az adathozz\u00e1f\u00e9rhet\u0151s\u00e9g szakad\u00e9k\u00e1t az uni\u00f3s \u00e9s a harmadik orsz\u00e1gbeli v\u00e1llalatok k\u00f6z\u00f6tt, negat\u00edvan befoly\u00e1solva a p\u00e9nz\u00fcgyi int\u00e9zm\u00e9nyek kock\u00e1zatkezel\u00e9s\u00e9t. R\u00f6vid t\u00e1von ez versenyh\u00e1tr\u00e1nyt is jelenthet az Uni\u00f3ban sz\u00e9khellyel rendelkez\u0151 nagyv\u00e1llalatok sz\u00e1m\u00e1ra. Ez\u00e9rt az ECB azt javasolja, hogy\u00a0a harmadik orsz\u00e1gok v\u00e1llalatainak \u00e1rbev\u00e9teli k\u00fcsz\u00f6beit ne m\u00f3dos\u00edts\u00e1k.<\/strong><\/p>\n

\u00d6nk\u00e9ntes jelent\u00e9st\u00e9teli szabv\u00e1nyok<\/u><\/strong><\/p>\n

Az ECB \u00fcdv\u00f6zli, hogy a CSRD javasolt m\u00f3dos\u00edt\u00e1sai \u00f6nk\u00e9ntes jelent\u00e9st\u00e9teli szabv\u00e1nyokat hoznak l\u00e9tre azon v\u00e1llalkoz\u00e1sok sz\u00e1m\u00e1ra, amelyekre nem vonatkozik k\u00f6telez\u0151 fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9teli k\u00f6telezetts\u00e9g a CSRD szerint. Az ilyen \u00f6nk\u00e9ntes szabv\u00e1nyokat \u00fagy kell kialak\u00edtani, hogy seg\u00edts\u00e9k a v\u00e1llalkoz\u00e1sokat a legfontosabb fenntarthat\u00f3s\u00e1gi inform\u00e1ci\u00f3k struktur\u00e1lt \u00e9s harmoniz\u00e1lt form\u00e1ban t\u00f6rt\u00e9n\u0151 bemutat\u00e1s\u00e1ban. Ugyanakkor az \u00f6nk\u00e9ntes jelent\u00e9st\u00e9tel jelent\u0151s h\u00e1tr\u00e1nyokkal j\u00e1rhat, ha a jelent\u00e9st tev\u0151 v\u00e1llalkoz\u00e1sok k\u00f6re t\u00fal sz\u00e9les \u00e9s elt\u00e9r\u0151 m\u00e9ret\u0171, illetve komplexit\u00e1s\u00fa.<\/p>\n

Ezek a h\u00e1tr\u00e1nyok negat\u00edv hat\u00e1ssal lehetnek a fenntarthat\u00f3s\u00e1gi adatok min\u0151s\u00e9g\u00e9re, el\u00e9rhet\u0151s\u00e9g\u00e9re \u00e9s megb\u00edzhat\u00f3s\u00e1g\u00e1ra, mind egyedi, mind aggreg\u00e1lt szinten.<\/p>\n

Az \u00f6nk\u00e9ntes jelent\u00e9st\u00e9telre val\u00f3 t\u00falzott t\u00e1maszkod\u00e1s rendszerszint\u0171, megb\u00edzhat\u00f3 \u00e9s \u00f6sszehasonl\u00edthat\u00f3 adatok hi\u00e1ny\u00e1hoz vezethet. Ez neh\u00e9zs\u00e9get okozhat a k\u00f6zponti bankok \u00e9s fel\u00fcgyeleti szervek sz\u00e1m\u00e1ra a pontos aggreg\u00e1lt adatok megszerz\u00e9s\u00e9ben, amelyek elengedhetetlenek megb\u00edzat\u00e1suk teljes\u00edt\u00e9s\u00e9hez. Emellett a megb\u00edzhat\u00f3 \u00e9s \u00f6sszehasonl\u00edthat\u00f3 adatok hi\u00e1nya korl\u00e1tozhatja a hitelint\u00e9zetek k\u00e9pess\u00e9g\u00e9t a fenntarthat\u00f3s\u00e1gi kock\u00e1zatok hat\u00e9kony kezel\u00e9s\u00e9re, ami p\u00e9nz\u00fcgyi stabilit\u00e1si \u00e9s sz\u00e9lesebb gazdas\u00e1gi kock\u00e1zatokat vonhat maga ut\u00e1n.<\/p>\n

Ezen okok miatt az ECB azt javasolja, hogy\u00a0a k\u00f6telez\u0151 fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9tel hat\u00e1ly\u00e1t jobban kalibr\u00e1lj\u00e1k annak \u00e9rdek\u00e9ben, hogy elegend\u0151en sz\u00e9les jelent\u00e9stev\u0151 popul\u00e1ci\u00f3t fedjen le<\/strong>.<\/p>\n

Az Eurosif enn\u00e9l konkr\u00e9tabban fogalmaz: a\u00a0VSME haszn\u00e1lat\u00e1t korl\u00e1tozz\u00e1k azokra a v\u00e1llalatokra, amelyek sz\u00e1m\u00e1ra tervezt\u00e9k, azaz a legfeljebb 250 alkalmazottat foglalkoztat\u00f3kra<\/strong>.<\/p>\n

\u00c9rt\u00e9kl\u00e1nc-korl\u00e1t<\/u><\/strong><\/p>\n

Az ECB elismeri a CSRD javasolt m\u00f3dos\u00edt\u00e1saiban szerepl\u0151 \u00e9rt\u00e9kl\u00e1nc-korl\u00e1t c\u00e9lj\u00e1t. Az \u00e9rt\u00e9kl\u00e1nc-korl\u00e1t meghat\u00e1rozza, hogy a CSRD \u00e1ltal el\u0151\u00edrt fenntarthat\u00f3s\u00e1gi inform\u00e1ci\u00f3k jelent\u00e9se sor\u00e1n a tag\u00e1llamoknak biztos\u00edtaniuk kell, hogy a v\u00e1llalatok ne k\u00e9rjenek olyan inform\u00e1ci\u00f3kat \u00e9rt\u00e9kl\u00e1ncukban szerepl\u0151 m\u00e1s v\u00e1llalatokt\u00f3l, amelyek t\u00falmutatnak az \u00f6nk\u00e9ntes szabv\u00e1nyok \u00e1ltal meghat\u00e1rozott adatokon, kiv\u00e9ve, ha ezek az inform\u00e1ci\u00f3k az adott \u00e1gazatban \u00e1ltal\u00e1nosan megosztottak. E korl\u00e1t c\u00e9lja, hogy cs\u00f6kkentse a fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9teli k\u00f6vetelm\u00e9nyek lefel\u00e9 hatol\u00f3 terh\u00e9t a kisebb v\u00e1llalkoz\u00e1sokra n\u00e9zve.<\/p>\n

L\u00e9tfontoss\u00e1g\u00fa, hogy a p\u00e9nz\u00fcgyi piaci szerepl\u0151k megalapozott hitelez\u00e9si \u00e9s befektet\u00e9si d\u00f6nt\u00e9seket tudjanak hozni, valamint megfelel\u0151 kock\u00e1zatkezel\u00e9si tev\u00e9kenys\u00e9geket \u00e9s folyamatokat folytathassanak. Ez\u00e9rt\u00a0az ECB \u00fcdv\u00f6zli, hogy az \u00e9rt\u00e9kl\u00e1nc-korl\u00e1t megfogalmaz\u00e1sa l\u00e1tsz\u00f3lag nem akad\u00e1lyozza meg a v\u00e1llalatokat abban, hogy a CSRD szerinti fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9telen t\u00fali c\u00e9lokra k\u00e9rjenek fenntarthat\u00f3s\u00e1gi inform\u00e1ci\u00f3kat<\/strong>.\u00a0Ezt a k\u00e9r\u00e9st az Eurosif is kiemeli.<\/strong><\/p>\n

Fenntarthat\u00f3s\u00e1gi jelent\u00e9si szabv\u00e1nyok<\/u><\/strong><\/p>\n

Az ECB \u00fcdv\u00f6zli a Bizotts\u00e1g sz\u00e1nd\u00e9k\u00e1t, hogy felhatalmaz\u00e1son alapul\u00f3 jogi aktust fogadjon el az els\u0151 eur\u00f3pai fenntarthat\u00f3s\u00e1gi jelent\u00e9si szabv\u00e1nyok (ESRS) fel\u00fclvizsg\u00e1lat\u00e1ra \u00e9s egyszer\u0171s\u00edt\u00e9s\u00e9re. Az ESRS szerinti jelent\u00e9st\u00e9tel kih\u00edv\u00e1st jelenthet egyes v\u00e1llalatok sz\u00e1m\u00e1ra, k\u00fcl\u00f6n\u00f6sen a bevezet\u00e9s els\u0151 \u00e9veiben, \u00e9s k\u00fcl\u00f6n\u00f6sen azok sz\u00e1m\u00e1ra, amelyek kor\u00e1bban nem tartoztak fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9teli k\u00f6telezetts\u00e9g al\u00e1.<\/p>\n

Fontos, hogy az ESRS egyszer\u0171s\u00edt\u00e9s\u00e9re \u00e9s \u00e9sszer\u0171s\u00edt\u00e9s\u00e9re ir\u00e1nyul\u00f3 er\u0151fesz\u00edt\u00e9sek megtarts\u00e1k azokat az adatpontokat, amelyek prudenci\u00e1lis \u00e9s monet\u00e1ris politikai szempontb\u00f3l relev\u00e1nsak. Ez\u00e9rt az ECB javasolja, hogy\u00a0az ESRS E1 (\u00e9ghajlatv\u00e1ltoz\u00e1s) szerinti legt\u00f6bb adatpont maradjon meg, valamint az ESRS E4 (biol\u00f3giai sokf\u00e9les\u00e9g \u00e9s \u00f6kosziszt\u00e9m\u00e1k) legfontosabb adatpontjai is<\/strong>. Ezek az adatpontok fontosak a v\u00e1llalatokat \u00e9s p\u00e9nz\u00fcgyi int\u00e9zm\u00e9nyeket \u00e9rint\u0151 fizikai \u00e9s \u00e1t\u00e1ll\u00e1si kock\u00e1zatok \u00e9rt\u00e9kel\u00e9s\u00e9hez \u00e9s kezel\u00e9s\u00e9hez, valamint a kl\u00edm\u00e1val \u00e9s term\u00e9szettel kapcsolatos kock\u00e1zatok kezel\u00e9s\u00e9re szolg\u00e1l\u00f3 technik\u00e1k kidolgoz\u00e1s\u00e1hoz. Ugyanakkor\u00a0az ECB javasolja az ESRS m\u00e1s r\u00e9szeinek fel\u00fclvizsg\u00e1lat\u00e1t a szabv\u00e1nyok f\u00f3kusz\u00e1nak, relevanci\u00e1j\u00e1nak \u00e9s haszn\u00e1lhat\u00f3s\u00e1g\u00e1nak jav\u00edt\u00e1sa \u00e9rdek\u00e9ben<\/strong>.<\/p>\n

Az ECB hat\u00e1rozottan \u00fcdv\u00f6zli az eddig elv\u00e9gzett munk\u00e1t az ESRS \u00e9s a nemzetk\u00f6zi fenntarthat\u00f3s\u00e1gi jelent\u00e9si szabv\u00e1nyok \u00e9s keretrendszerek k\u00f6z\u00f6tti interoperabilit\u00e1s biztos\u00edt\u00e1sa \u00e9rdek\u00e9ben. A magas szint\u0171 interoperabilit\u00e1s megk\u00f6nny\u00edti a k\u00fcl\u00f6nf\u00e9le keretrendszerek \u00e9s jelent\u00e9st\u00e9teli rendszerek \u00f6sszehasonl\u00edt\u00e1s\u00e1t \u00e9s integr\u00e1l\u00e1s\u00e1t, \u00e9s \u00e9rezhet\u0151en cs\u00f6kkenti a jelent\u00e9st\u00e9teli k\u00f6lts\u00e9geket a t\u00f6bb joghat\u00f3s\u00e1gban m\u0171k\u00f6d\u0151 v\u00e1llalkoz\u00e1sok sz\u00e1m\u00e1ra. Az ECB javasolja, hogy az Uni\u00f3 fenntarthat\u00f3s\u00e1gi jelent\u00e9st\u00e9teli keretrendszer\u00e9nek b\u00e1rmilyen egyszer\u0171s\u00edt\u00e9se ne vezessen az interoperabilit\u00e1s szintj\u00e9nek cs\u00f6kken\u00e9s\u00e9hez.<\/strong><\/p>\n

Az Eurosif els\u0151sorban a kett\u0151s l\u00e9nyegess\u00e9gi jelent\u00e9st\u00e9tel fenntart\u00e1s\u00e1t hangs\u00falyozza, amely lefedi az \u00f6sszes k\u00f6rnyezeti, t\u00e1rsadalmi \u00e9s v\u00e1llalatir\u00e1ny\u00edt\u00e1si t\u00e9m\u00e1t.<\/strong><\/p>\n

Korl\u00e1tozott biztos\u00edt\u00e9k<\/u><\/strong><\/p>\n

A CSRD javasolt m\u00f3dos\u00edt\u00e1sai elt\u00f6rlik azt a hat\u00e1rid\u0151t, amely szerint a Bizotts\u00e1gnak 2026. okt\u00f3ber\u00e9ig kellett volna elfogadnia a korl\u00e1tozott biztos\u00edt\u00e9ki fel\u00fclvizsg\u00e1latra vonatkoz\u00f3 szabv\u00e1nyokat, \u00e9s t\u00f6rlik azt a rendelkez\u00e9st is, amely felhatalmazta volna a Bizotts\u00e1got az \u00e9sszer\u0171 biztos\u00edt\u00e9ki szabv\u00e1nyok elfogad\u00e1s\u00e1ra. Ehelyett a Bizotts\u00e1g ir\u00e1nymutat\u00e1st fog kibocs\u00e1tani a korl\u00e1tozott biztos\u00edt\u00e9ki fel\u00fclvizsg\u00e1latra vonatkoz\u00f3an 2026-ig.<\/p>\n

Az ECB hangs\u00falyozza a v\u00e1llalati fenntarthat\u00f3s\u00e1gi jelent\u00e9sekre vonatkoz\u00f3 megb\u00edzhat\u00f3 \u00e9s egys\u00e9ges ellen\u0151rz\u00e9si folyamat, bele\u00e9rtve az audit\u00e1l\u00e1si k\u00f6vetelm\u00e9nyek fontoss\u00e1g\u00e1t.<\/p>\n

Javasolja, hogy\u00a0a Bizotts\u00e1g ir\u00e1nymutat\u00e1sait a korl\u00e1tozott biztos\u00edt\u00e9ki fel\u00fclvizsg\u00e1latra vonatkoz\u00f3an a lehet\u0151 leghamarabb fogadj\u00e1k el \u00e9s tegy\u00e9k k\u00f6zz\u00e9. Ide\u00e1lis esetben ezeket az ir\u00e1nymutat\u00e1sokat k\u00f6telez\u0151 \u00e9rv\u00e9ny\u0171 korl\u00e1tozott biztos\u00edt\u00e9ki szabv\u00e1nyoknak kellene k\u00f6vetnie<\/strong>.<\/p>\n

Szektorspecifikus szabv\u00e1nyok<\/u><\/strong><\/p>\n

A CSRD javasolt m\u00f3dos\u00edt\u00e1sai megsz\u00fcntetik a Bizotts\u00e1g felhatalmaz\u00e1s\u00e1t a szektorspecifikus szabv\u00e1nyok elfogad\u00e1s\u00e1ra. A szektorspecifikus szabv\u00e1nyok szerepe az volt, hogy biztos\u00edts\u00e1k az azonos \u00e1gazatban m\u0171k\u00f6d\u0151 v\u00e1llalatok jelent\u00e9seinek \u00f6sszehasonl\u00edthat\u00f3s\u00e1g\u00e1t, ami \u00e9rt\u00e9kes a befektet\u0151k, hat\u00f3s\u00e1gok \u00e9s egy\u00e9b fenntarthat\u00f3s\u00e1gi inform\u00e1ci\u00f3k felhaszn\u00e1l\u00f3i sz\u00e1m\u00e1ra.<\/p>\n

Az ECB \u00e9s az Eurosif \u2013 arra az esetre, ha a Bizotts\u00e1g felhatalmaz\u00e1sa a szektorspecifikus szabv\u00e1nyok elfogad\u00e1s\u00e1ra megsz\u0171nne \u2013 arra \u00f6szt\u00f6nzi a Bizotts\u00e1got, hogy fontolja meg a szektorspecifikus ir\u00e1nymutat\u00e1sok elfogad\u00e1s\u00e1t, amelyek el\u0151seg\u00edthetik az ESRS egys\u00e9ges \u00e1gazati alkalmaz\u00e1s\u00e1t.<\/strong><\/p>\n

V\u00c1LLALATI FENNTARTHAT\u00d3S\u00c1GI \u00c1TVIL\u00c1G\u00cdT\u00c1S<\/strong><\/h2>\n

\u00c1t\u00e1ll\u00e1si tervek<\/u><\/strong><\/p>\n

Az ECB \u00fcdv\u00f6zli, hogy a CSDDD tov\u00e1bbra is el\u0151\u00edrja a v\u00e1llalkoz\u00e1sok sz\u00e1m\u00e1ra, hogy vil\u00e1gos, magas sz\u00ednvonal\u00fa \u00e1t\u00e1ll\u00e1si terveket fogadjanak el \u00e9s hajtsanak v\u00e9gre az \u00e9ghajlatv\u00e1ltoz\u00e1s m\u00e9rs\u00e9kl\u00e9se \u00e9rdek\u00e9ben. A szil\u00e1rd \u00e1t\u00e1ll\u00e1si tervez\u00e9s fontos eszk\u00f6z nemcsak a v\u00e1llalatok sz\u00e1m\u00e1ra \u00fczleti strat\u00e9gi\u00e1juk struktur\u00e1l\u00e1s\u00e1ra, megfogalmaz\u00e1s\u00e1ra \u00e9s nyomon k\u00f6vet\u00e9s\u00e9re a sz\u00e9n-dioxid-mentes gazdas\u00e1gba val\u00f3 \u00e1tmenet sor\u00e1n, hanem a kapcsol\u00f3d\u00f3 p\u00e9nz\u00fcgyi kock\u00e1zatok kezel\u00e9s\u00e9hez sz\u00fcks\u00e9ges kock\u00e1zatkezel\u00e9si gyakorlatok kialak\u00edt\u00e1s\u00e1ra is.<\/p>\n

Az ECB szerint azonban fenn\u00e1ll a vesz\u00e9lye annak, hogy a m\u00f3dos\u00edtott sz\u00f6veg f\u00e9lre\u00e9rthet\u0151, \u00e9s \u00fagy \u00e9rtelmezhet\u0151, hogy a v\u00e1llalatoknak ugyan k\u00f6telez\u0151 \u00e1t\u00e1ll\u00e1si terveket elfogadniuk, de nem k\u00f6telez\u0151 azokat v\u00e9grehajtaniuk. Ennek megfelel\u0151en\u00a0az ECB \u00e9s az Eurosif is azt javasolja, hogy a CSDDD javasolt m\u00f3dos\u00edt\u00e1saiban pontos\u00edts\u00e1k a vonatkoz\u00f3 rendelkez\u00e9s sz\u00f6veg\u00e9t annak \u00e9rdek\u00e9ben, hogy egy\u00e9rtelm\u0171v\u00e9 v\u00e1ljon: az \u00e1t\u00e1ll\u00e1si terveket v\u00e9gre is kell hajtani.<\/strong><\/p>\n

Fel\u00fclvizsg\u00e1lati z\u00e1rad\u00e9k a p\u00e9nz\u00fcgyi szektorra vonatkoz\u00f3an<\/u><\/strong><\/p>\n

A CSDDD javasolt m\u00f3dos\u00edt\u00e1sai t\u00f6rlik azt a fel\u00fclvizsg\u00e1lati z\u00e1rad\u00e9kot, amely szerint a Bizotts\u00e1gnak legk\u00e9s\u0151bb 2026. j\u00falius 26-ig jelent\u00e9st kell beny\u00fajtania az Eur\u00f3pai Parlamentnek \u00e9s a Tan\u00e1csnak a szab\u00e1lyozott p\u00e9nz\u00fcgyi v\u00e1llalkoz\u00e1sokra szabott tov\u00e1bbi fenntarthat\u00f3s\u00e1gi \u00e1tvil\u00e1g\u00edt\u00e1si k\u00f6vetelm\u00e9nyek sz\u00fcks\u00e9gess\u00e9g\u00e9r\u0151l. Az ECB egyet\u00e9rt azzal, hogy a jelent\u00e9s elk\u00e9sz\u00edt\u00e9s\u00e9re kijel\u00f6lt hat\u00e1rid\u0151 nem biztos\u00edt elegend\u0151 id\u0151t az \u00e9rt\u00e9kel\u00e9sre.<\/p>\n

Ennek ellen\u00e9re \u00fagy v\u00e9li,\u00a0hogy a szab\u00e1lyozott p\u00e9nz\u00fcgyi v\u00e1llalkoz\u00e1sokat nem szabad m\u00e1sk\u00e9nt kezelni, mint m\u00e1s \u00e1gazatok v\u00e1llalkoz\u00e1sait a CSDDD \u00f6sszef\u00fcgg\u00e9s\u00e9ben sem.<\/strong>\u00a0A mag\u00e1nfinansz\u00edroz\u00e1s sz\u00e1m\u00e1ra annak \u00e9rdek\u00e9ben, hogy hat\u00e9konyan kezelje a kock\u00e1zatokat \u00e9s t\u00e1mogassa a re\u00e1lgazdas\u00e1g z\u00f6ld \u00e1t\u00e1ll\u00e1s\u00e1t, elengedhetetlen, hogy a szab\u00e1lyoz\u00e1si \u00e9s jogalkot\u00e1si k\u00f6vetelm\u00e9nyek \u00e1gazatokon \u00e1t\u00edvel\u0151en k\u00f6vetkezetesek legyenek. K\u00fcl\u00f6n\u00f6sen a CSDDD \u00e1tvil\u00e1g\u00edt\u00e1si k\u00f6vetelm\u00e9nyei seg\u00edthetnek biztos\u00edtani, hogy a p\u00e9nz\u00fcgyi int\u00e9zm\u00e9nyek szisztematikusan integr\u00e1lj\u00e1k a fenntarthat\u00f3s\u00e1gi szempontokat d\u00f6nt\u00e9shozatali \u00e9s kock\u00e1zatkezel\u00e9si gyakorlataikba.<\/p>\n

Ezen okok miatt\u00a0az ECB javasolja a fel\u00fclvizsg\u00e1lati z\u00e1rad\u00e9k megtart\u00e1s\u00e1t a CSDDD-ben, ugyanakkor azt is javasolja, hogy a Bizotts\u00e1g sz\u00e1m\u00e1ra a jelent\u00e9s elk\u00e9sz\u00edt\u00e9s\u00e9re hosszabb hat\u00e1rid\u0151t \u00e1llap\u00edtsanak meg.<\/strong><\/p>\n

Az Eurosif javasolja m\u00e9g a kock\u00e1zatalap\u00fa kell\u0151 gondoss\u00e1gon alapul\u00f3 megk\u00f6zel\u00edt\u00e9s vissza\u00e1ll\u00edt\u00e1s\u00e1t a nemzetk\u00f6zi szabv\u00e1nyokkal<\/strong>\u00a0(OECD multinacion\u00e1lis v\u00e1llalatokra vonatkoz\u00f3 ir\u00e1nyelvek \u00e9s az ENSZ emberi jogi ir\u00e1nyelvei)\u00a0\u00f6sszhangban, valamint az egys\u00e9ges polg\u00e1rjogi felel\u0151ss\u00e9gi rendszer vissza\u00e1ll\u00edt\u00e1s\u00e1t\u00a0<\/strong>az uni\u00f3s tag\u00e1llamok k\u00f6z\u00f6tti sz\u00e9tt\u00f6redezetts\u00e9g elker\u00fcl\u00e9se \u00e9rdek\u00e9ben.<\/p>\n

TAXONOMY<\/strong><\/h2>\n

The EU has published measures for investors to align with the EU Green Deal, such as EU Climate Benchmarks and the EU Green Bond Standard. However, these are based on disclosures in line with the EU Taxonomy. Therefore, <\/span>Eurosif<\/span><\/b> proposes the following:<\/span>\u00a0<\/span><\/p>\n

    \n
  • In line with the above proposal regarding the scope of the CSRD, <\/span>extend the scope of full EU Taxonomy reporting to companies with more than 500 employees<\/span><\/b>.<\/span>\u00a0<\/span><\/li>\n<\/ul>\n
      \n
    • Reduce the 10% materiality threshold exemption to 5% and use absolute indicators for taxonomy reporting<\/span><\/b>, as otherwise, very large, diversified companies would be excluded.<\/span>\u00a0<\/span><\/li>\n<\/ul>\n
        \n
      • Support simplified taxonomy disclosures for companies between 250 and 500 employees<\/span><\/b>, in line with the CSRD.<\/span>\u00a0<\/span><\/li>\n<\/ul>\n

        It is clear that the Omnibus proposal package does not yet have widespread acceptance. My goal in summarizing the above opinions was to present a way of thinking and an approach that combines professionalism and financial considerations. We are not talking about angry green organizations, nor financial hyenas.<\/span>\u00a0<\/span><\/p>\n

        The justifications and risks, in my opinion, clearly show how sustainability issues, and in this case, the directions of the Omnibus, should and could be approached.<\/span>\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

        The goal is important, but so is ensuring it doesn’t cause significantly more harm from either a sustainability or financial perspective.<\/p>\n","protected":false},"author":3,"featured_media":2214,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[119],"tags":[],"_links":{"self":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts\/3702"}],"collection":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/comments?post=3702"}],"version-history":[{"count":4,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts\/3702\/revisions"}],"predecessor-version":[{"id":4056,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/posts\/3702\/revisions\/4056"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/media\/2214"}],"wp:attachment":[{"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/media?parent=3702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/categories?post=3702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.planetfanatics.hu\/en\/wp-json\/wp\/v2\/tags?post=3702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}