ECG Response – Call for Input on bureaucratic hurdles, reporting and overlaps

The ECG responded to MEP Axel Voss’ call for input on the reduction and streamlining of bureaucratic requirements across legislation and reporting standards, contributing some initial observations and recommendations. The ECG supports the goal of reducing the complexity while enhancing the practicability of corporate reporting, including in relation to sustainability reporting. Achieving a more streamlined and pragmatic framework for reporting also depends on a stable legal framework which provides clarity for businesses and capital markets. This is particularly important at the moment given the ongoing process of CSRD transposition in some Member States. Any significant adjustments to legislation should be carefully evaluated in order to prevent unintended additional complexity or legal uncertainty. Our response can be found here.