Key dates for the Corporate Sustainability Reporting Directive

Mandatory European sustainability reporting standards are crucial as insufficient availability of ESG data is a key impediment to realising the full potential of the EU’s sustainable finance regulatory framework. As information preparers under the Sustainable Finance Disclosure Regulation (SFDR), asset managers will undoubtedly benefit greatly from relevant, comparable, reliable and public ESG metrics of companies’ activities and financial risks. However, the first available corporate reports are only expected from 2025 and the full scope for all applicable firms will only be in place from 2028 onwards. In the interim therefore, the chronic lack of corporate ESG data will unfortunately remain an issue, leading to uncertainty in the sustainable investing arena.