Have your say on the European path towards sustainable finance (July-Oct 2020)

EU consultations

Open

European Commission: EU strategy on climate change adaptation

Deadline: 20 August 2020

Joint Committee of the European Supervisory Authorities – ESAs: Draft Regulatory Technical Standards on content, methodologies and presentation of disclosures under the Sustainable Finance Disclosure Regulation – SFDR (EU Regulation 2019/2088)

Deadline: 1 September 2020

European Central Bank: Draft guide on climate-related and environmental risks

Deadline: 25 September 2020

European Commission: Establishment of an EU Green Bond Standard

Deadline: 02 October 2020

Closed

European Commission: Renewed sustainable finance strategy

Deadline recently passed.

European Commission: Updated rules on non-financial reporting by large companies

Amending EU Directive 3014/95 

European Commission consultations on the integration of sustainability in fiduciary duty and suitability tests

· Obligations on Undertakings for Collective Investment in Transferable Securities (UCITS) to take into account sustainability risks and sustainability factors

Amending UCITS Directive 

· Obligation on investment funds to advise clients on social and environmental aspects

Amending delegated directive 2017/593 on the integration of sustainability factors and preferences into the product governance obligations (MiFID II Directive)

· Obligation for investment firms to advise clients on social and environmental aspects of financial products

Amending delegated regulation 2017/565 on the integration of sustainability factors, risks and preferences into certain organisational requirements and operating conditions for investment firms (MiFID II Directive)

· Obligation for insurance firms and brokers to advise clients on social and environmental aspects

Amending delegated regulations 2017/2358 and 2017/2359 on the integration of sustainability factors and preferences into the product oversight and governance requirements for insurance undertakings and insurance distributors and into the rules on conduct of business and investment advice for insurance-based investment products (IDD Directive)

· Obligation for insurance and reinsurance companies to advise clients on social and environmental aspects

Amending delegated regulation 2015/35 on the integration of sustainability risks in the governance of insurance and reinsurance undertakings (Solvency II Directive)

· Obligation for alternative investment funds to advise clients on social and environmental aspects

Amending delegated regulation 231/2013 on sustainability risks and factors to be taken into account by Alternative Investment Fund Managers (AIFM Directive)

[Read Eurosif position ]

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Other EU initiatives

European Commission: Call for applications for the selection of the members of the Platform on Sustainable Finance

Deadline: 16 July 2020

What is the Platform? Check out here 

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