Sustainable Finance: Commission adopts clarifications regarding disclosure rules on sustainable investments

The European Commission has today published responses to questions raised by the European Supervisory Authorities (ESAs) on the Sustainable Finance Disclosures Regulation (SFDR).

The aim of these Q&As is to help financial market participants apply the Regulation, especially in the context of the requirements of the regulatory technical standards in place since January 2023. These Q&As also contribute to clarifying the interaction between the SFDR and the different pieces of the sustainable finance framework.

Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, said: “The SFDR is the first Regulation to set rules on how financial market participants should disclose sustainability related information. The application of the SFDR requirements represents a challenge to industry and regulators and these Q&As aim to offer guidance to facilitate the proper implementation of the rules.  In parallel, we will continue our comprehensive assessment of the SFDR with a focus on ensuring legal certainty, increased usability and the mitigation of greenwashing. A public consultation is planned for the autumn.”

These replies have been published today by the European Supervisory Authorities in the form of Q&As and are available here.