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Corporate Sustainability Reporting: how to address ​ data challenges?

Day 1 Morning

Wednesday 23 February

Room :

NORMANDIE (-1 floor)


Sébastien Raspiller
Assistant Secretary - Ministry of the Economy, Finance and the Recovery Plan, France - Direction Générale du Trésor
Public Authorities
Nathalie Aufauvre
Director General Financial Stability and Operations - Banque de France
Patrick de Cambourg
Chair of the Task Force, EFRAG & President, ANC - European Financial Reporting Advisory Group (EFRAG)
Industry Representatives
Fabrice Demarigny
Global Head of Financial Markets - Mazars
Julia Haake
Managing Director for Market Strategy - Moody's ESG Solutions
Roman Sauer
Group Chief for Accounting and Reporting & Member of the EFRAG Board - Allianz SE
Arne Staal
Group Head of Benchmarks and Indices & Chief Executive Officer, FTSE Russell - London Stock Exchange Group (LSEG)

Background and objective of the session

As the CSRD complements the NFRD, the regulatory landscape on sustainability disclosures becomes clearer for corporates and gets closer to the aim of the EC to raise non-financial reporting to the magnitude of financial reporting. However, despite this craze for ESG metrics it seems that ESG assessments by financial market participants is still hampered by a significant lack of data that may be due to a time constraint, a lack of practice and knowhow from corporates, important heterogeneities, or also accessibility issues.

While another session focuses on the need to further harmonise non-financial information standards at the global level, this session aims to address this data gap and to identify remaining challenges for corporates, financial market participants and regulators.

Questions to be addressed

  1. How to
    ensure corporates produce ESG data that respond to the challenges posed by the CSRD? How to achieve a consistent assessment of qualitative information, at a sectorial, European, and global level, while moving away from binary data and aiming at more efficient disclosures? How can sustainability reporting requirements be fitted to account for a heterogeneous data gathering powerbetween corporates and embark SMEs? What are the specific challenges raised by forward looking assessments and related data?
  2. To what extend can the private sector provide an expertise and support that fills remaining data gaps? How to ensure transparency of their data collecting, processing, and rating methodologies?
  3. How will the European Single Access Point (ESAP) contribute to bridge data challenges and mitigate associated risks (reliability, compatibility, accessibility)?