Sustainable finance update

EU institutions continue to shape the EU regulatory environment in the ESG field. Through the so-called "April Package" published on 21 April 2021, significant progress was made on standard-setting and reporting on sustainability related disclosures through the adoption of a number of draft legal instruments, some of which have been finally adopted since, affecting EU corporates and financial sector players.

Read more here on the EU Taxonomy Climate Delegated Act, the proposed Corporate Sustainability Reporting Directive, and the amending delegated acts on sustainability preferences, fiduciary duties, and product governance.

Recent news on the postponed applicability of the SFDR RTS, the Commission’s FAQ on the applicability of SFDR, and its New Sustainable Finance Strategy can be found in the SFDR/Sustainable Finance update of the Asset Management and investment funds section of this Newsletter.