Practical Learning
Understanding where SFDR may go next
This review provides an overview of the current SFDR framework, including its objectives, scope, key requirements and the importance of staying ahead of regulation.
It then takes a detailed look at the ESAs’ Joint Opinion, including the recommendations made to the European Commission and the need to better align SFDR with sustainability preferences.
In this review, we explore:
- The current SFDR framework, including objectives, scope and key requirements
- The substance of the ESAs’ Joint Opinion on the assessment of SFDR
- Suggested changes to product categories and disclosures
- The role of sustainability indicators and the sustainable investment definition
- Transparency of adverse sustainability impacts
- The practical implications for funds, advisers, brokers, trustees, consultants and compliance professionals
Review Structure
27 lessons and 3 hours of video content
The review is structured around the ESAs’ Joint Opinion and includes a marked-up document for analysis purposes.
SFDR Context
Welcome, introduction and a review of SFDR through the lens of the current framework.
Joint Opinion Analysis
Detailed review of the executive summary, recommendations, consumer testing and overarching principles.
Product Categories
Analysis of proposed categories for products with sustainability features, including disclosure and marketing considerations.
Technical Issues
Sustainability indicators, sustainable investment definition, product disclosures and products in scope.
Adverse Impacts
Transparency of adverse sustainability impacts and how this fits into the future direction of SFDR.
Conclusion & Document Review
Final conclusions, Annex II and a marked-up ESAs document for analysis purposes only.
Who It Is For
Who this review is for
This review is most relevant for professionals focused directly on SFDR across investment funds, as well as those advising, overseeing or supporting investment decision-making.
- Investment fund professionals working with SFDR classifications, disclosures and product positioning
- Consultants and compliance professionals supporting sustainable finance regulation
- Advisers and brokers seeking clearer context for client conversations and sustainability preferences
- Trustees and governance professionals overseeing investment products and sustainability-related disclosures
Access This Review
This review is included in the Sustainable Investment Hub, with annual access to selected courses, guides, webinars and microlearning lessons on responsible investment, ESG and sustainability.
€99/year
Join the HubDetailed analysis. Clearer thinking.
A detailed review for professionals who want to understand the future direction of SFDR and its practical implications.
Vincent McCarthy, CFA
Founder, Responsible Investment Institute®