The proposed changes to the disclosure framework include expanding the list of universal social indicators for disclosing negative impacts of investment decisions, refining other indicators for adverse impacts, and adding product disclosures for decarbonization targets.
The ESAs also propose technical revisions, such as improving disclosures on how sustainable investments do not harm the environment and society, simplifying pre-contractual and periodic disclosure templates, and adjusting provisions for financial products with underlying investment options.
The consultation period for these proposals will be open until 4 July 2023.
For inquiries please contact:
RBI Regulatory Advisory
Raiffeisen Bank International AG | Member of RBI Group | Am Stadtpark 9, 1030 Vienna, Austria | Tel: +43 1 71707 - 5923