European Supervisory Authorities consult on ESG-disclosure templates

21.09.2020

The European Supervisory Authorities (EBA, EIOPA and ESMA - ESAs) launched a consultation (to run until 16 October) seeking public feedback on the layout of product templates, pursuant to Articles 8(3), 9(5) and 11(4) of the Regulation on Sustainability‐related Disclosures in the Financial Services (SFDR). The ESAs propose to standardise the disclosure of information for financial products that promote environmental and/or social characteristics or have a sustainable objective through the use of mandatory templates for existing disclosures provided by alternative investment fund managers (AIFMs), undertakings for collective investment in transferable securities (UCITSs), insurance undertakings, institutions for occupational retirement provision (IORPs) or providers of pan-European personal pensions products (PEPPs). The final content of the templates is subject to the outcome of a concurrent consumer testing exercise and the ESAs’ final report on the draft regulatory technical standards under SFDR.