ICMA AMIC responds to ESAs consultation on taxonomy disclosure for financial products


12 May 2021 ICMA AMIC has submitted its response to the ESAs consultation on taxonomy disclosure for financial products. The EU Taxonomy regulation requires certain financial products with environmental characteristics/objectives (as defined under the EU Sustainable Finance Disclosure Regulation (SFDR)) to report how their underlying investments align with the recently adopted EU criteria for sustainable activities. The response invites the ESAs and the EC to allow for sufficient implementation time, to refine the list of eligible assets to be factored in the Taxonomy KPI, and to simplify information to be disclosed to end-investors.
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