SFDR – Revised Secondary ESG Disclosure Measures

1. Introduction

The European Supervisory Authorities (ESAs) have published the final draft of the Regulatory Technical Standards¹ (RTS) under the EU Sustainable Finance Disclosure Regulation² (SFDR), which set out the detailed disclosure requirements for the principal adverse impacts sustainability statements³ and the disclosure requirements for Article 8⁴ and Article 9⁵ funds or portfolios, together with the related mandatory disclosure templates.

The revised RTS take account of the feedback received to the ESAs' Consultation Paper of 23 April 2020⁶ on the first draft of the RTS and also incorporate the mandatory disclosure templates following the feedback received by the ESAs to their online survey and consumer testing exercise.⁷