The European Commission is reviewing parts of its flagship regulation covering financial institutions’ ESG performance reporting. In a consultation questionnaire on the Sustainable Finance Disclosure Regulation (SFDR) market participants are queried on the way sustainability products are categorised. This follows complains that the designation of products as Article 6, 8 or 9 – indicating increasing degrees of sustainability – is confusing. The consultation also indicates the EC is considering requiring ESG disclosures for all financial products, even those that make no sustainability claims.
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