The EU’s Sustainable Finance Disclosure Regulation (SFDR) and its “taxonomy” for sustainable activities were topic for SIX product manager Janine Hofer-Wittwer, in the PostTrade 360° Amsterdam conference.
[This is an update, now with the video, of the original news post from the conference day, 28 October.]
“If you or your organization has not started yet my advice is to start right away.”
Janine Hofer-Wittwer, senior product manager of Financial Information, SIX, shared her overview and timelines in her Wednesday morning session.
Disclosing sustainability will not be mandatory for corporations under SFDR – they can choose instead to explain why they don’t. But disclosures are increasingly requested by investors and expected to increase with time – with strong effects on both corporations and financial services firms. Some could be up for time pressure.
The EU’s ESG taxonomy is a classification system for sustainable activities. It could take fluffiness out of the sustainability world by making sure people mean specific things by specific words.
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