Enhancing Sustainability Disclosures

ESG Services

In response to their shared responsibility to evaluate and update the RTS augmenting SFDR, the European Supervisory Authorities (EBA, EIOPA, and ESMA, collectively the ESAs) released a joint consultation document on April 12th, 2023. This consultation aims to improve the Standards for Sustainability Disclosures in Europe, as outlined by the Sustainable Finance Disclosure Regulation (SFDR). For further information, you can check out this whitepaper.

Key Takeaways:

  • Enhanced and extended set of social indicators for disclosing investment choices' principal adverse impacts (PAIs). 
  • Improvements to the content of various indicators for adverse consequences, as well as their respective definitions, methodology, measurements, and presentation. 
  • Product declarations on decarbonization (reduction of greenhouse gas (GHG) emissions) goals, level of ambition, and how to attain the target. 
  • European Supervisory Authorities (ESAs) suggested new iterations of the pre-contractual and periodic disclosure templates (Annexes 2 to 5 of the RTS). 
  • Comments on the consultation paper by July 4th, 2023.

To know more...

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