The three European Supervisory Authorities (EBA, EIOPA, and ESMA – ESAs) have delivered to the European Commission their Final Report with draft Regulatory Technical Standards (RTS) regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR). The disclosures relate to financial products that make sustainable investments contributing to environmental objectives.
The draft RTS aims to:
- provide disclosures to end investors regarding the investments of financial products in environmentally sustainable economic activities, providing them with comparable information to make informed investment choices; and
- establish a single rulebook for sustainability disclosures under the SFDR and the Taxonomy Regulation.
The European Commission will scrutinise the draft RTS and decide whether to endorse them within 3 months of their publication (October 22, 2021)
Read more here.