Europe’s sustainability reporting divide is widening just as investors need more comparable cross-border ESG and sustainability data.

The EU’s sustainability reporting reset promises simpler disclosures for companies, but investors may find the real cost is less comparable data, thinner coverage and a heavier reliance on their own judgement.

The European Commission (EC) is making stringent new demands on companies’ reporting of their impact on the environment, as it looks to drive investors’ money towards the greenest firms.

The Global Reporting Initiative (GRI) and European Financial Reporting Advisory Group (EFRAG) have announced their respective impact reporting standards can be used collaboratively.

France’s public pension fund Établissement de Retraite additionnelle de la Fonction publique (ERAFP) has updated its voting policy guidelines covering the evaluation of ESG and climate data.