Complying with the Sustainable Finance Reporting Regulation
In 2018 the EU Taxonomy was adopted to provide a framework for classification of economic activity based on environmental impacts. The Taxonomy is the basis for expanding compliance and reporting obligations on asset managers, institutional investors, insurers and financial advisers to include sustainability and ESG characteristics of investments.
The precise nature of these obligations has been refined with important reporting obligations coming into effect for the 2022 fiscal year. It is imperative to have a compliance plan in place and to already be gathering required information for financial products.
