EU Sustainable Finance Disclosure Regulation: Another Step Towards an ESG-Driven Economy | Insights | Vinson & Elkins LLP
On March 10, 2021, a host of provisions came into effect as part of the European Union’s (“EU”) Regulation on Sustainability‐Related Disclosures in the Financial Services Sector (the “Sustainable Finance Disclosure Regulation” or “SFDR”). The SFDR requires certain financial service institutions, most notably those managing or marketing investment or pension funds/products in the EU, to disclose on various sustainability considerations to both potential investors and the general public. These disclosure requirements are, in general, aimed at increasing the incorporation of sustainability matters into regulated entities’ decision-making, thereby furthering marketplace considerations towards an “impact economy.”
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