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ARTICLE · 28 DECEMBER 2022

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SFDR RTS – Implementation Date Looms

Proskauer Rose LLP
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On 10 March 2021,the Sustainable Finance Disclosure Regulation ((EU) 2019/2088) ("SFDR") came into force. This imposes environmental, social and corporate governance ("ESG")...

United KingdomFinance and Banking
Amar Unadkat
Amar Unadkat
John Verwey
John Verwey
Kirsten Lapham
Kirsten Lapham
Michael Singh
Michael Singh
Sulaiman Malik
Sulaiman Malik
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Background

On 10 March 2021,the Sustainable Finance Disclosure Regulation ((EU) 2019/2088) ("SFDR") came into force. This imposes environmental, social and corporate governance ("ESG")

and reporting requirements on a wide range of "financial market participants", including investment firms and fund managers.

The SFDR should be read alongside the Regulation on the establishment of a framework to facilitate sustainable investment ((EU) 2020/852) ("EU Taxonomy"), which came into force on 12 July 2020. This is a classification system which provides definitions for which economic activities can be considered environmentally sustainable.

On 6 April 2022, Regulatory Technical Standards under the SFDR ("SFDR RTS") were published by the European Commission. These provide further detail as to the content, methodologies and presentation of information required to be disclosed under the SFDR and EU Taxonomy, as well as templates for the relevant disclosures.

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