The association has a key role to play in developing reliable, comparable and consistent sustainability reporting standards in the EU, as well as in the integration of the double-materiality reporting.
Most European households do not save directly in capital market instruments. The main reason for this is that many people are risk-averse and unaware of the potential returns generated by investment in securities and investment funds.
EFAMA says they have not found sufficient evidence of investor-driven short-termism in European capital markets and any successful legislative measure will have to counter these assumptions and be based on a solid, evidence-based approach.
The Covid19-induced market stress has demonstrated the resilience of the investment management industry and has further reinforced EFAMAs longstanding view.