#ESG Retrospective
Sustainable finance regulatory evolutions in 2022 in Luxembourg:
- Adoption of sanctions for breach of SFDR - including administrative fines up to 250,000 EUR
- Application of sustainability preference under MiFID and integration of sustainability factors in product governance obligations
Sustainable finance regulatory evolutions in 2022 in Europe:
- New SFDR Q&As
- Clarification of the ESAs on SFDR application
- ESAs report on PAI voluntary disclosures
- Publication of the SFDR Level 2
- Adoption of the CSRD
What is expected for 2023?
Inclusion of gas and nuclear-related Taxonomy investments in the SFDR Disclosures, subject to its adoption by the EU Parliament and Council.
Further amendments to the SFDR RTS and principal adverse impact (PAI) requirements, under the ESAs mandate.
Focus on greenwashing with the "Call for Evidence" launched by the ESAs.
