{"id":100002147,"date":"2020-06-10T16:59:51","date_gmt":"2020-06-10T14:59:51","guid":{"rendered":"https:\/\/swissholdings.ch\/en\/comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2\/"},"modified":"2020-06-10T16:59:51","modified_gmt":"2020-06-10T14:59:51","slug":"comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2","status":"publish","type":"post","link":"https:\/\/swissholdings.ch\/en\/comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2\/","title":{"rendered":"Comment Letter on the public consultation \u201cNon-financial reporting by large companies (updated rules)\u201d"},"content":{"rendered":"<p>In a nutshell, our main points for consideration are the following:<\/p>\n<ul>\n<li>SwissHoldings acknowledges and supports the aim to foster consistency by reducing fragmentation and increasing comparability regarding non-financial reporting. Companies need to be at the heart of this process which is why we favour a market-driven approach. The private sector constantly reviews and evaluates its sustainability efforts. This is directly reflected in the non-financial reporting which is subject to a lot of dynamic and company-led initiatives developing the area. A good example in this regard is the Value Balancing Alliance Approach. Such market-driven approaches should not be hindered through a inflexible mandatory \u201cone size fits all\u201d-approach. Therefore, we strongly avocate against an additional \u2018standard\u2019 at EU level for non-financial reporting. Such a standard might potentially prove harmful to developments of non-financial reporting.<\/li>\n<li>Established standards hardly consider information about company\u2019s contributions to the economic development of a society, such as the company&#8217;s contribution to GDP, the number of jobs created or the contribution to the pension system. However, this economic contribution plays a major role in sustainable development as it is also set out in the principles of the triple bottom line. Consideration should be given to how such criteria could be better included in the reporting frame.<\/li>\n<li>An internationally coordinated approach creating a level-playing field within and outside the EU should be chosen. It is decisive to incorporate existing standards to not create further fragmentation.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/swissholdings.ch\/wp-content\/uploads\/2020\/06\/2020-06-10_SH_Position_NFRD.pdf\">See detailed response (pdf)<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In a nutshell, our main points for consideration are the following: SwissHoldings acknowledges and supports the aim to foster consistency by reducing fragmentation and increasing comparability regarding non-financial reporting. Companies need to be at the heart of this process which is why we favour a market-driven approach. The private sector constantly reviews and evaluates its &hellip;<\/p>\n","protected":false},"author":907,"featured_media":100002115,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13,53],"tags":[],"class_list":["post-100002147","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rechnungslegung-und-berichterstattung","category-statements-positions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Comment Letter on the public consultation \u201cNon-financial reporting by large companies (updated rules)\u201d - Swissholdings EN<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/swissholdings.ch\/en\/comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comment Letter on the public consultation \u201cNon-financial reporting by large companies (updated rules)\u201d - Swissholdings EN\" \/>\n<meta property=\"og:description\" content=\"In a nutshell, our main points for consideration are the following: SwissHoldings acknowledges and supports the aim to foster consistency by reducing fragmentation and increasing comparability regarding non-financial reporting. Companies need to be at the heart of this process which is why we favour a market-driven approach. The private sector constantly reviews and evaluates its &hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/swissholdings.ch\/en\/comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Swissholdings EN\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-10T14:59:51+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/swissholdings.ch\/en\/wp-content\/uploads\/sites\/4\/2020\/07\/rechnungslegung-und-berichterstattung-swissholdings.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"840\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"obytesimona\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"obytesimona\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/swissholdings.ch\/en\/comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2\/\",\"url\":\"https:\/\/swissholdings.ch\/en\/comment-letter-on-the-public-consultation-non-financial-reporting-by-large-companies-updated-rules-2\/\",\"name\":\"Comment Letter on the public consultation \u201cNon-financial reporting by large companies (updated rules)\u201d - 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