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ARTICLE · 29 APRIL 2021

European ESG Disclosure Regime – What Comes Next?

Proskauer Rose LLP
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On 10 March 2021, the new European regime on sustainability-related disclosures in the financial services sector (EU/2019/2088) (the "Disclosure Regulation", or the "SFDR") came into force.

European UnionEnvironment
Kirsten Lapham
Kirsten Lapham
John Verwey
John Verwey
Michael Singh
Michael Singh
Amar Unadkat
Amar Unadkat
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On 10 March 2021, the new European regime on sustainability-related disclosures in the financial services sector (EU/2019/2088) (the "Disclosure Regulation", or the "SFDR") came into force. In this article, we look at what firms in the scope of the SFDR (e.g. EU investment firms, EU alternative investment fund managers ("AIFMs") and non-EU AIFMs marketing their funds in the EU) need to be thinking about with respect to the upcoming regulatory developments following implementation of the SFDR. 

  1. Key date: 10 March 2021
  • As of 10 March 2021, the SFDR has applied. The SFDR introduced new transparency and disclosure requirements for "financial market participants", which as defined, includes investment firms and asset managers, including AIFMs, on how they factor sustainability into their investment decision-making processes. The SFDR is part of the wider European sustainable finance package that requires firms in scope to integrate environmental, social

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