Sustainability disclosures delayed as regulators admit legal clash

Commission_Adobe_575x375_10June2020
By Jon Hay
09 Oct 2020

The European Commission has bowed to lobbying by investors and delayed compelling them to follow the detailed requirements of the Sustainable Finance Disclosure Regulation — a complex reporting task that is ill-matched with another EU rule, the Taxonomy of Sustainable Economic Activities.

Both were part of the Sustainable Finance Action Plan — a multi-pronged legislative effort launched by the European Commission in March 2018 to make sustainable finance markets bigger, easier to use and free of greenwashing.

On September 30, Assogestioni and the BVI, the Italian and German fund management ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial