Sustainability-related disclosure obligations in the financial services sector

On 2 May 2025, the EU Commission launched the consultation phase on the impact assessment of the amendments to the SFDR (Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR)). In this impact assessment, interested parties can submit feedback on the Commission's description of the problem and possible solutions. This feedback will be incorporated into the revision of the SFDR planned for the 4th quarter of 2025.

The aim of the revision of the SFDR is to improve its functioning by reducing excessive burdens on reporting entities (financial market participants) and simplifying and streamlining requirements. According to the Commission, the overarching goal of creating a coherent common framework for sustainability-related disclosure requirements for financial products remains untouched.

The data points to be disclosed in accordance with the SFDR can also be found in sustainability reporting in accordance with the ESRS (European Sustainability Reporting Standards).

The consultation phase will run until 30 May 2025 and interested parties can submit their feedback via the EU Commission's platform.