The Sustainable Finance Disclosures Regulation (SFDR) started applying in March 2021 and requires financial market participants and financial advisers to disclose at entity and product levels how they integrate sustainability risks and principal adverse impacts in their processes at both entity and product levels. It also introduces additional product disclosures for sustainable financial products making sustainability claims.
The main topics to covered in the questionnaire and BETTER FINANCE’s summary include:
- current requirements of the SFDR
- interaction with other sustainable finance legislation
- potential changes to the disclosure requirements for financial market participants
- potential establishment of an explicit categorisation system for financial products instead of the “articles 6/8/9” existing one