The Commission has launched a far reaching consultation and review of SFDR, long expected by the industry. This bulletin provides an overview, as well as giving thought as to what we might see in terms of SFDR 2.0....more
9/25/2023
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Investment ,
Investment Management ,
Investors ,
Regulatory Reform ,
SFDR ,
Sustainable Finance ,
Taxonomy ,
UK
There are useful takeaways for EU and non-EU firms arising from the European Supervisory Authorities’ (ESA) latest thinking on greenwashing. In June 2023, the ESAs issued progress reports examining greenwashing risks and...more
7/27/2023
/ EIOPA ,
Environmental Social & Governance (ESG) ,
EU ,
European Banking Authority (EBA) ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Greenwashing ,
Insurance Industry ,
SFDR ,
Sustainable Finance ,
Taxonomy
The ESG reporting landscape has accelerated significantly in the past five years, with the nature and scale of reporting requirements changing. This article discusses recent trends around entity-level and product-level...more
At COP26 last year, the Chief Executive of the Financial Conduct Authority (FCA) warned the financial services industry that it was time to “walk the walk”, and emphasised that greenwashing would not be tolerated in the...more
1. Speed read -
As the start date looms for the Level 2 requirements under SFDR and the product disclosure regime in the Taxonomy Regulation, firms are progressing their implementation projects. This bulletin provides an...more
The European Commission has finalised its proposed ESG-related changes to MiFID II. These are intended to fit together with SFDR, and are part of a suite of ESG related changes being made via amends to AIFMD, the UCITS...more
As appetite in the market for “green” and ESG badged products grows and grows, so too grows the number of legislative and regulatory initiatives intended to prevent or mitigate the risk of greenwashing.
...more
A number of deadlines are looming for private banks, wealth managers and advisers as the next stage of the EU’s Sustainable Finance Disclosure Regulation (SFDR) and Taxonomy Regulation begins to apply – this briefing gives a...more
A number of deadlines are looming for asset managers as the next stage of the EU’s Sustainable Finance Disclosure Regulation (SFDR) and Taxonomy Regulation begins to apply – this briefing gives a snapshot on what is required...more
The most innovative and challenging aspect of the EU’s Sustainable Finance Disclosure Regulation (SFDR) is probably the new principal adverse impacts or PAI regime. This is being introduced in stages, starting from 10 March...more
The new principle adverse impacts or PAI regime is one of the most challenging elements of the EU’s Sustainable Finance Disclosure Regulation (SFDR). It will require relevant firms to provide extensive disclosures on various...more
The European Commission published its long-awaited Strategy for Financing the Transition to a Sustainable Economy (the Strategy) today.
The Strategy was announced as part of the European Green Deal in 2019 (originally...more
7/7/2021
/ Corporate Governance ,
Environmental Social & Governance (ESG) ,
EU ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
European Supervisory Authorities (ESAs) ,
Popular ,
Regulation Technical Standards (RTS) ,
SFDR ,
Small and Medium-Sized Enterprises (SMEs) ,
Sustainability
As Firms continue to implement SFDR, which applies on 10 March 2021 across the EU, our latest Great Fund Insights client alert gives further detail on the Regulatory Technical Standard and how firms can make sense of the new...more
The European Commission and other bodies continue to press ahead with an ambitious Environmental, Social and Governance (ESG) sustainability agenda, with a number of further initiatives in the pipeline.
...more