Forthcoming webinar: ESAs proposed amendments to SFDR RTS: what you need to know

Please join us for our webinar on 11 December 2023 on the changes proposed by the European Supervisory Authorities (ESAs) to the EU SFDR RTS. Click here to register. 

On 4 December 2023, the ESAs published a final report containing draft Regulatory Technical Standards (RTS) under the Sustainable Finance Disclosure Regulation (SFDR).

This follows on from a request in 2022 by the European Commission asking the ESAs to review the existing SFDR RTS, and the ESAs' consultation in April 2023 seeking feedback on proposed changes in areas such as PAI disclosures, the SFDR DNSH test, and product level disclosures. This review by the ESAs is separate from the broader review of the EU SFDR rules that the Commission is currently undertaking.

In their final report, the ESAs propose:

• adding new social PAI indicators;
• streamlining the framework for the disclosure of PAI of investment decisions on the environment and social;
• new product disclosures regarding greenhouse gas emissions reduction targets; and
• further technical revisions to the SFDR.

In this webinar, our ESG experts will take you through the key points to note from the ESAs' final report – and what has changed since the April 2023 consultation. We will also compare the updated EU position with the recent UK SDR proposals. 

For more information on the:

• ESAs' proposed changes to the SFDR RTS, see our client briefing; 
• Commission's wider review of the SFDR, see our blog post;
• UK SDR proposals relating to investment labels, see our blog post.