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LMA sets out high-level recommendations on Sustainability Omnibus Proposal

The LMA has today published its high-level position paper on the EU’s First Omnibus package on sustainability.

This output follows engagement with the LMA’s Sustainable Finance Regulatory Committee and sets out 5 key recommendations for the Commission:

1. Sustainability reporting should be clear, practicable and comparable across different frameworks;
2. Existing usability challenges should be addressed as part of the Omnibus;
3. Industry collaboration will be key to the success of the Omnibus;
4. Transition must be incorporated into existing regulatory frameworks; and
5. Simplification alone is not enough and has the potential to create legal uncertainty.

To read the full response, please click here.  If you’d like to find out more, please contact hannah.vanstone@lma.eu.com.