ICMA responds to ESAs’ joint consultation on the review of the SFDR Delegated Regulation
05 July 2023
ICMA respsonded with a dedicated Taskforce between its Asset Managers and Investor Council and the Executive Committee of the Principles. It highlighted concerns.
ICMA has responded to the ESAs’ joint consultation on the review of the SFDR Delegated Regulation though a dedicated Taskforce between its Asset Managers and Investor Council and the Executive Committee of the Principles.
In its response, ICMA:
- Queried the timing and sequencing of the proposed Level 2 amendments given the upcoming broader review of the SFDR framework;
- Argued for ensuring full alignment of requirements across various EU sustainable finance regulations;
- Supported maintaining the status-quo for the DNSH framework for the time being;
- Highlighted the current shortcomings of the EU Taxonomy framework and argued for flexible, common, and clear market guidance for Taxonomy estimates;
- Supported additional transparency for and harmonisation across products with GHG targets while arguing for flexibility in the interim for methodologies and metrics to evolve and mature; and
- Subject to broader timing and sequencing, supported in substance, the simplification of templates.
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