A new EU Disclosure Regulation EU/2019/2088 ("Disclosure Regulation") on disclosures to
be made by asset managers and investment funds relating to
sustainable investments and sustainability risks has been made.
It forms part of a range of new EU legislative measures focused
on sustainable finance.
Background
The European Commission's Action Plan for Sustainable Finance sets out
the EU strategy to integrate environmental, social and governance
("ESG") considerations into its financial policy
framework and mobilise finance for sustainable growth. In December
2019, as part of this strategy, the Disclosure Regulation entered
into force1.
Scope
While the Disclosure Regulation introduces requirements for a
wide range of entities providing investment management and advisory
services to clients, this note focuses on the impact for asset
managers (i.e. AIFMs, UCITS management companies and investment
firms authorised under MiFID II providing portfolio
