Sustainable Finance Disclosure Regulation

The Sustainable Finance Disclosure Regulation (SFDR) is an EU regulation aimed at improving transparency in the financial services sector regarding
sustainability risks and impacts. It applies to financial market participants and financial advisers, promoting sustainable investment across the EU.

Key Objectives:
1/ Transparency on Sustainability Risks
-> Requires financial entities to disclose how they integrate sustainability risks into their investment decision-making or advice processes
2/ Product Categorization
-> Article 6: Products that do not actively promote sustainability
-> Article 8: Products promoting environmental or social characteristics
-> Article 9: Products with sustainable investment as their objective... Show more
... Show more
Categories
SFDR (Sustainable Finance Disclosure Regulation)Sustainable Finance
Legislation instrument
Regulation
Pillars
EnvironmentalSocialGovernance
Audience
Business
Legislation status
In Force
Applicable area
EU
Regulation (EU) 2019/2088

Timeline

  • Proposed
    May 24, 2018
  • Approved
    Mar 7, 2019
  • Adopted
    Nov 27, 2019
  • Published
    Dec 9, 2019
  • In Force
    Mar 10, 2021
  • In Application
    Jan 1, 2023
-> March 2021: Initial requirements came into force
-> January 2023: Application of detailed Regulatory Technical Standards (RTS) specifying reporting templates
... Show more

General information

About Law
EnglishInformation
Overview
English
Q&A1.11 MB
EnglishQ&A

Regulatory Instruments

Regulatory Technical Standards (RTS)3.4 MB
EnglishDelegated Act
Amending and Correcting the Regulatory Technical Standards (ITS)16.3 MB
EnglishRegulation
Methodologies and Disclosures3.4 MB
EnglishDelegated ActIn Force Jan 1, 2023
Amendment to SFDR Disclosures16.3 MB
EnglishDelegated ActIn Force Jan 1, 2023
European Sustainability Reporting Standards (ESRS)3.67 MB
EnglishDelegated ActIn Force Jan 1, 2024

Supportive documents

Annex I: Template principal adverse sustainability impacts statement390 kB
EnglishInformation
Guidelines on funds’ names using ESG or sustainability-related terms714 kB
EnglishSupportive document
SFDR regulation & compliance in practice
EnglishGuidance
SFDR Instructions For Reporting874 kB
EnglishTemplate
PAI disclosures under the SFDR725 kB
EnglishInformation
GRESB SFDR Real Estate Instructions1.32 MB
EnglishSupportive document
SFDR Datapoints in ESRS14.5 kB
EnglishSupportive document