June 4, 2020 (BERLIN): Mirjam Wolfrum, Director Policy Engagement at CDP Europe, has been appointed as a member of the new European Reporting Lab @EFRAG’s Project Task Force on reporting of non-financial risks and opportunities and linkage to the business model.
Ms. Wolfrum joins a group of 20 investor, corporate, academic, accountancy and civil society representatives. The full group is published here.
The group will begin meeting on 10th June as part of the work of the European Corporate Reporting Lab (European Lab) @ EFRAG, the European Financial Reporting Advisory Group.
The aim of the project, the second of the European Lab, is to identify good practices for reporting non-financial risks and opportunities, and their linkage to the business model from a sustainability perspective.
The project is expected to consider the information needs and expectations of a wide range of users and other stakeholders, the extent to which they are addressed by current reporting practices, and the challenges faced by companies in providing that information. The Project Task Force will work in agreement with and under the supervision of the European Lab Steering Group.
Mirjam Wolfrum, Director Policy Engagement at CDP Europe, said:
“I am thrilled to take part as a member of this new project task force to share best practices for reporting non-financial risks and opportunities. As the European Union looks to put in place an ambitious recovery from the COVID-19 crisis, consistent and comparable reporting to investors is vital for allocating capital to the right industries, sectors and technologies. This project is an important part of the agenda in the EU to put in place a fit for purpose corporate reporting framework that helps capital markets support the transition to a climate-neutral, resource-secure economy.”
Non-financial reporting is a key priority of the European Commission as it implements its sustainable finance agenda, its European Green Deal, and a green recovery from COVID-19. The Commission has announced that work will start this year on developing European standards for non-financial reporting, and a revision of the Non-Financial Reporting Directive, the EU's key regulation for this, is planned for this year.
The appointment of Ms. Wolfrum follows the representation of CDP Europe in a number of expert advisory groups for corporate reporting and sustainable finance legislation in Europe.
CDP’s Managing Director, Steven Tebbe, is a member of the European Corporate Reporting Lab @EFRAG. Nico Fettes, Head of Climetrics, is a member of the European Commission Technical Expert Group for Sustainable Finance and the Sustainable Finance Committee of the German Government. Torun Reinhammar, Senior Account Manager Investor Operations, is a member of the EIOPA’s stakeholder groups on Insurance and Reinsurance and on Occupational Pensions.
Ms. Wolfrum leads CDP Europe’s policy engagement activities in continental Europe, which works closely with European Union and national government policymakers to improve corporate reporting and sustainable finance legislation in Europe. CDP runs the world’s most widely used environmental reporting system for companies and subnational governments to report data on climate change, forests and water security.
For interviews with CDP, please contact:
Joshua Snodin, CDP | +49 (0)17645910909 | [email protected]
About CDP Europe
CDP Worldwide (Europe) gGmbH - 'CDP Europe' - is a wholly owned subsidiary of CDP Europe AISBL, a charity based in Brussels, Belgium. CDP Europe is part of the global CDP system that drives companies and governments to reduce their greenhouse gas emissions, safeguard water resources and protect forests. Voted number one climate research provider by investors and working with institutional investors with assets of US$106 trillion, we leverage investor and buyer power to motivate companies to disclose and manage their environmental impacts. Globally, over 8.400 companies with over 50% of global market capitalization disclosed environmental data through CDP in 2019, including more than 2.100 European companies representing approximately 76% of European market capitalization. This is in addition to the over 950 cities, states and regions globally who disclosed – including more than 215 in Europe – making CDP’s platform one of the richest sources of information globally on how companies and governments are driving environmental change. CDP, formerly Carbon Disclosure Project, is a founding member of the We Mean Business Coalition. Please visit cdp.net or follow us @CDP to find out more.