EIOPA CONSULTS ON SUSTAINABILITY REPORTING

The European Insurance and Occupational Pensions Authority (Eiopa) has launched a consultation on the sustainability ratios that should be mandatorily disclosed by insurers and reinsurers within the scope of the Non-Financial Reporting Directive. The consultation considers whether the mandatory ratios set out in the Taxonomy Regulation are relevant and appropriate to depict insurance and reinsurance activities or whether they need to be ‘translated’ to appropriate and comparable key performance indicators for the sector. The consultation is part of Eiopa’s work to integrate environmental, social and governance risk assessment in the regulatory and supervisory framework.