Abstract

The UE Disclosure Regulation 2019/2088 of November 27, 2019 on Sustainability-related Disclosures in the Financial Services Sector (known as the Disclosure Regulation, Environmental, Social and Governance (ESG) Regulation or SFDR for Sustainable Finance Disclosure Regulation) sets out general rules for classifying and reporting on sustainability and ESG criteria. Its goal is to improve transparency and disclosures. The transparency requirement concerns particular concerns, especially sustainability risks and principal adverse sustainability impacts at the financial product level. It does also concern pre-contractual disclosures. This Regulation is part of a broader legislative package under the European ’Commission’s Sustainable Finance Action Plan, such as the EU Taxonomy Regulation 2020/852 of June 18, 2020

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