The initial CSRD reporting discrepancies hinder comparison. Despite that, we derive several highpoints, for example, some corporates found materiality in all ESRS topics, while none of the banks did. Improvements could be expected as reporting experience grows, but the sustainability Omnibus adds uncertainty to this messy start.
The announcement by US President, Donald Trump, of 25% tariffs on all car and car part imports into the US weighed on sentiment in Asia. Trump also threatened more tariffs on the EU and Canada if they work against the US. Sentiment received some support from Trump continuing to say he will be lenient on reciprocal tariffs.
According to Nikkei' s exclusive report, the GPIF is expected to maintain its current asset weightings in its basic portfolio from FY2025, with each of the four asset classes retaining their 25% allocation. The article did not specify any changes to the allowable deviation ranges from these target weights.
