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By Christophe BOGAERT, Senior Portfolio Manager, FIA A.M. Fani XYLOURI, Manager, Grant Thornton Luxembourg
In recent months, the Sustainable Finance Disclosure Regulation (SFDR) has been sparking almost as much debate as the EU Taxonomy – both cornerstone regulations of the EU Sustainable Finance Action Plan. With the SFDR set to redefine ESG disclosures and make a significant impact on financial market participants in Europe, the short timeline and ambiguity on several vital details are creating confusion and concern in the industry. For organizations the risk of not complying in time is still present, despite the announced delay in timelines for the technical standards, as is the risk of high financial and operational costs...
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