Sustainable Finance Disclosure Regulation (SFDR)

Dr. Antonios Koumbarakis Sustainability & Strategic Regulatory Leader, PwC Switzerland 27 Aug 2020

The new Sustainable Finance Disclosure Regulation (SFDR)1 introduced various disclosure-related requirements for financial market participants and financial advisors at entity, service and product level. It aims to provide more transparency on sustainability within the financial markets in a standardised way, thus preventing greenwashing and ensuring comparability. The majority of the new disclosure obligations will be applicable as of 10 March 2021.

In light of this, on 23 April 2020 the three European Supervisory Authorities launched a joint public consultation on draft regulatory technical standardsfor ESG disclosures. The consultation document provides concrete proposals for the content, methodologies and presentation of sustainability disclosures in the fields of:

  • principal adverse impact disclosure
  • pre-contractual product disclosure
  • website product disclosure
  • product periodic disclosures.

The consultation is open until 1 September 2020 and the final texts are expected in December 2020, leaving a very challenging implementation timeline (3 months).

Find out more in our new publication.

How can we support you?
  • SFDR scoping and impact analysis
  • Regulatory gap analysis
  • Interrelation with other regulatory frameworks
  • Guidance, workshops and SME support
  • Identification of required underlying data
  • ESG data provider selection
  • Implementation

[1] 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.
[2] JC 2020 16, Joint Consultation Paper ESG Disclosure - Draft regulatory technical standards with regard to the content, methodologies and presentation of disclosures pursuant to Article 2a, Article 4(6) and (7), Article 8(3), Article 9(5), Article 10(2) and Article 11(4) of Regulation (EU) 2019/2088.

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Contact us

Dr. Günther Dobrauz

Dr. Günther Dobrauz

Partner and Leader Legal, PwC Switzerland

Tel: +41 58 792 14 97

Dr. Antonios  Koumbarakis

Dr. Antonios Koumbarakis

Sustainability & Strategic Regulatory Leader, PwC Switzerland

Tel: +41 58 792 45 23

Sofia Tsankova

Sofia Tsankova

Strategic Regulatory & Sustainability Services, Legal, PwC Switzerland

Tel: +41 58 792 26 87

Loric Szalai

Loric Szalai

Manager | Strategic Regulatory & Sustainability Services, Legal, PwC Switzerland

Tel: +41 58 792 23 39