In this episode of Sustainability Bridges, we were joined by special guests Eric Pedersen, Head of Responsible Investments at Nordea Asset Management, and Elise Cachin, Head of Tech Policy and Regulatory Affairs at Nokia.

During the discussion, Elise and Eric exchanged viewson the EU’s sustainable finance framework,the Omnibus initiative, and why competitiveness and sustainability are two sides of the same coin.

Key insights from their discussion include:

• Simplification should not come between the needs of investors and companies for reliable and comparable data.
• Lowering both the scope for and the amount of reporting requirements risks reducing transparency. For the companies out of scope, this could exclude them from sustainable investment.
• Climate Transition Plans are vital: they create accountability, open new business opportunities, and help align supply chains towards net zero.
• The first wave of CSRD reporting has beenresource-intensive but has driven internalimprovements in sustainability management.