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By Vanessa MÜLLER, Anna ILLARIONOVA Yannick BERINGER, EY Luxembourg*
While the EU’s Omnibus Package reshapes the sustainability landscape, fostering simplification and a decrease in reporting burden, financial institutions continue to face challenges in access to ESG data, paramount for their investment decisions and loan strategies.
The EU’s Omnibus Package aims to simplify sustainability reporting but has also created a new challenge: a widening ESG data gap. Financial institutions still need reliable ESG information to guide investment and lending decisions, yet fewer companies are now required to report.
For small and mid-sized enterprises (SMEs), the stakes are even higher: access to finance...
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