As the upstream industry continues to address the energy trilemma of secure, affordable and sustainable energy, Saipem is setting the bar on innovative solutions, to improve the efficiency of subsea field development.
ESG investing: SFDR frustrations Apr 26, 2021 By Funds Europe
The EU’s Sustainable Finance Disclosure Regulation (SFDR) came into force in March. It has been said to pave the way for greater transparency in ESG – or environmental, social, and governance – investing, but frustrations remain.
For Funds Europe’s April issue, we learned that transparency in the funds industry is expected to increase over the next two years, as funds have to categorise themselves depending how ESG-focused they are, if at all. As with all regulation, however, SFDR’s implementation is a process.
The second level of SFDR, a crucial part of the EU’s sustainability agenda, is expected to come into play in June 2023, having been postponed. This will include the Regulatory Technical Standards, a further step designed to redefine ESG investing.
ESG: Green, greener, greenest.
When the EU’s landmark Sustainable Finance Disclosure Regulation (SFDR) came into force on March 10, it was widely welcomed and hailed as a ‘game-changer’ in the fight against greenwashing.
A core component of the bloc’s green agenda, the regime is designed to promote greater transparency in finance – but questions remain regarding its implementation.
SFDR calls on asset managers to classify their funds according to three primary categories – article 6, which makes no claims of sustainability, or articles 8 and 9, which both claim environmental, social and governance (ESG) credentials and require firms to provide data to support the claims.