Regulators weaken green disclosure rules to please investors

Shades of green from Adobe 5Feb21 cropped 575x375
By Jon Hay
05 Feb 2021

European financial regulators have bowed to pressure from investment firms and their trade bodies, and look set to weaken the requirements of the Sustainable Finance Disclosure Regulation, a central part of the EU's Sustainable Finance Action Plan.

Of the 32 environmental and social impacts investors had been required to report under the working draft of the SFDR, 18 have been made optional, leaving only 14 mandatory.

The decision came on Thursday when the European supervisory authorities (EBA, Esma and Eiopa) gave their advice to the European ...

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