FFI response to Commission on ESAP IIA

Finance Finland’s (FFI) response to the inception impact assessment for proposal for a Directive/Regulation of the European Parliament and of the Council for a European single access point for financial and non-financial information publicly disclosed by companies (ESAP)

Finance Finland welcomes the European Commission’s plan to streamline company reporting (both financial and non-financial) in the EU. We have called for a centralized ESG data register and think that accessibility to sustainability
data should be the priority in building ESAP.

Second objective for ESAP should be that companies’ reporting gets easier, instead of making it yet another recipient of financial or non-financial reporting that would only add to companies’ administrative work.

Third, a proper administration for ESAP needs to be ensured. It should be operated by a public entity or a public-private partnership to prevent a situation of private monopoly. We support open access to ESAP for different members
of society, and the data should be available for free or at a reasonable cost.

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Elina Kamppi

Head of Sustainability

Sustainable finance, corporate responsibility, EU lobbying