Asset Publisher

Joint consultation paper of the ESAs on proposed environmental, social and governance (ESG) disclosure standards for the financial sector (JC 2020 16 of 23 April 2020)

The three European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) published a joint consultation document on 23 April 2020 to seek input on the proposals for regulatory technical standards developed pursuant to Regulation (EU) 2019 / 2088 on sustainability in the financial services sector (SFDR) with the aim of:

  • strengthening the protection of final investors;
  • improving the information provided to investors by financial market participants and financial advisors; and
  • improving disclosure to investors regarding financial products.

The SFDR authorizes ESAs to develop regulatory technical standards (RTS) on the content, methodology and presentation of information on ESG factors both at entity level and at product level. Furthermore, the consultation document contains proposals relating to the "Do not significant harm principle" (DNSH) identified in the EU Regulation 2019/2088.

The consultation ends on 1 September 2020.