EFAMA considers the Sustainable Finance Disclosure Regulation (SFDR) and its accompanying technical standards essential pieces in a strong and ambitious framework for sustainable investing. Its feedback aims at improving the effectiveness and feasibility of the ESAs’ proposal, as well as strengthening this regulation’s synergies with existing and upcoming rules.

EFAMA fully supports the initiative’s objectives to enhance comparability for end-investors, hold market participants accountable and avoid greenwashing. At the same time, disclosures should provide users with meaningful and reliable information, backed by solid data, and preserve ease of access to such information. Transparency on how sustainability is integrated into investment decisions should not become a mere box-ticking exercise. Instead, metrics and indicators should ensure enough flexibility to capture an extensive range of ESG products, strategies and objectives.