The European Supervisory Authorities – comprising the European Banking Authority, the European Securities and Markets Authority and the European Insurance and Occupational Pensions Authority – recently updated their joint supervisory statement on the application of the Sustainable Finance Disclosure Regulation (SFDR).
The European Commission has announced, in a letter to the European Parliament and the Council of the EU, that implementation of the second stage of the Sustainable Finance Disclosure Regulation (SFDR) will be pushed back to 1 January 2023.
Europe is setting new rules on disclosures on financial products that seek to make sustainable investments, contributing to environmental objectives.
With the EU’s Sustainable Finance Disclosure Regulation (SFDR) now in force since 10 March 2021, Workiva – XBRL software provider and XBRL International sustaining partner – have some valuable insights on SFDR, its implications for business, and the development of environmental, social and governance (ESG) reporting.
This week has seen several substantial news items from Europe on sustainability and Environmental, Social and Governance (ESG) reporting, so we’re bringing you a roundup here.
Having taken into account stakeholder feedback received during its 2020 consultation, the EU is very close to finalising common rules for a set of sustainability disclosures to be made by financial sector participants.