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ARTICLE · 26 NOVEMBER 2025

SFDR 2.0 Officially Launched By European Commission

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On 20 November 2025, the European Commission officially launched their legislative proposal ("Proposal") for the updates to the Sustainable Finance Disclosure Regulation ("SFDR").

European UnionEnvironment
Anna Maleva-Otto
Anna Maleva-Otto
John Verwey
John Verwey
Rachel E. Lowe
Rachel E. Lowe
Sulaiman Malik
Sulaiman Malik
Michael Singh
Michael Singh
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On 20 November 2025, the European Commission officially launched their legislative proposal ("Proposal") for the updates to the Sustainable Finance Disclosure Regulation ("SFDR"). In a significant departure from the current SFDR disclosure regime, the European Commission proposes a categorisation regime for funds in its place.

The timing remains uncertain but we expect the package of changes to SFDR (referred to as "SFDR 2.0") to come into force at the earliest at the end of 2027 or in 2028.

We cover here the core features of the amendments proposed, including how it contrasts to last week's leaked version which has been much reported on. Please see our note summarising the leaked proposal here.

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