Ian Conlon and Niamh
O'Shea of the Maples Group discuss
the delay to implement the Sustainable Finance Disclosure
Regulation and the Taxonomy Regulations and the impact this has had
on asset managers
The EU has taken decisive action to support the transition to a
low-carbon, more resource-efficient and sustainable economy. It
aims to build a financial system that supports sustainable
growth.
In order to incentivise and compel the asset management industry
to focus private capital on sustainability, the EU adopted a
Sustainable Action Plan consisting of a series of legislative
measures on sustainable finance to be introduced this decade.
This commenced with the EU Sustainable Finance Disclosure
Regulation (SFDR), as at March 10 2021 and will be swiftly followed
by the Taxonomy Regulations (Taxonomy Regulations) as at January 1
2022.
