The global health crisis and the materialisation of non-financial risks all over the globe shed some new light on the importance of environmental, social and governance (ESG) and sustainability matters. The topic is about to become even more actual for every asset manager.
In a time where sustainability and environmental protection are becoming increasingly important to institutional investors, all actors of the financial sector are concerned. With regard to the fund industry, not only the established specialised investment managers, but also more and more mainstream asset managers are under pressure to integrate ESG-criteria into their investment process. With regards to Banks and Private wealth management, the integration of sustainability risk and the appetite of a new generation of investors for products that meet some sustainability standards oblige to revisit the whole value chain.
The global health crisis and the materialisation of non-financial risks all over the globe shed some new light on the importance of environmental, social and governance (ESG)_ and sustainability matters.
SFDR, Taxonomy, NFRD - The three musketeers of sustainable finance
In mid-March of 2021, ESAs published a consultation paper regarding the Taxonomy-related disclosures for financial products in the context of the SFDR. On the 21st of April 2021, the EU Commission published the “April Package”. Among other things, it includes:
the final technical screening criteria of the Taxonomy,
the revision of the Non-Financial Reporting Directive (NFRD) by the Corporate Sustainability Reporting Directive (CSRD).
Statements by the CSSF on the application of the SFDR
[23/03/21] European Supervisory Authorities (ESAs) have published a new version of the draft Regulatory Technical Standards under the SFDR. In a press release dated 12 March 2021, the CSSF encouraged market participants to already begin referring to the new draft RTS when applying the SFDR. More details in this short video with Antoine Portelange.
Q&A: The world of sustainability - an introductory video on this key topic.
Fast-track for sustainability-related disclosures
Why funds and managers should already be thinking about ESG requirements
In response to growing concerns over climate change, and as part of broader efforts to connect finance with the specific needs of the European and global economy for the benefit of the planet and our society, sustainability considerations are more and more integrated into companies policies.