Europejski Urząd Nadzoru Bankowego, Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), Europejski Urząd Nadzoru Ubezpieczeń i Pracowniczych Programów Emerytalnych (European Insurance and Occupational Pensions Authority - EIOPA), Sprawozdanie Europejskich Urzędów Nadzoru Bankowego w sprawie zakresu dobrowolnego ujawniania głównych niekorzystnych skutków w ramach SFDR (2023)

JC 2023 42

28 September 2023

2023 Joint ESAs Report

On the extent of voluntary disclosure of principal adverse impacts under SFDR

Annual Report to the Commission under Article 18 of Regulation (EU) 2019/2088 of the European Parliament and of the Council of 27 November 2019 on sustainability‐ related disclosures in the financial services sector

1. Executive Summary

Context

1. On 28 July 2022, the European Supervisory Authorities (ESAs) published the first Joint Report on the extent of voluntary disclosure of principal adverse impacts (PAI) under the Sustainable Finance Disclosure Regulation (SFDR) and developed some preliminary recommendations to National Competent Authorities (NCAs) and the European Commission.

2. The first Report’s overall conclusion was that the extent of take-up of the voluntary disclosures of principal adverse impact of investment decisions on sustainability factors varied significantly across jurisdictions and Financial Market Participants (FMPs) in the scope of SFDR,...