On 22 October 2021, the ESAs delivered to the European Commission their Final Report with the draft RTS regarding disclosures under the Sustainable Finance Disclosure Regulation (SFDR) as amended by the Regulation on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation). The disclosures relate to financial products that make sustainable investments contributing to environmental objectives.
The draft RTS aim to:
- Provide disclosures to end investors regarding the investments of financial products in environmentally sustainable economic activities, providing them with comparable information to make informed investment choices.
- Establish a single rulebook for sustainability disclosures under the SFDR and the Taxonomy Regulation.
The European Commission will scrutinise the draft RTS and decide whether to endorse them within 3 months of their publication. The European Commission has informed the European Parliament and Council that it intends to incorporate all the SFDR RTSs, meaning both the original ones submitted to the European Commission in February 2021 and the ones covered in this Final Report, in one instrument.