Consultation on Environmental, Social and Governance disclosure rules
4 May 2020
The European Supervisory Authorities (EBA, EIOPA and ESMA) have launched a Consultation Paper with focus on gathering significant input on the proposed environmental, social and governance (ESG) disclosure standards for financial market participants, advisers and products.
The standards were developed under the EU Regulation on sustainability – related disclosures in the financial services sector (SDFR) and their main objective consists of the following:
- Enhancing the protection for end-investors;
- Improvement of disclosures to investors from a broad range of financial market participants and financial advisers;
- Improvement of disclosures to investors regarding financial products.
This article provides further insight on key aspects of the Consultation Paper.