Input on a revised Delegated Act concerning standards for sustainability reporting

The German Banking Industry Committee (DK) has taken a position on the revision of the ESRS and the EU taxonomy as part of the participation process initiated by the Federal Ministry of Justice and Consumer Protection (BMJV). The DK welcomes approaches to simplification, but continues to see a considerable need for greater proportionality, clarity and legal certainty, particularly with regard to materiality analysis, comparative information and the practical applicability of the requirements.