New and amended EU legislation is introducing significant sustainability and ESG-related disclosure requirements that are impacting all participants in the European capital markets. In April 2020, ICMA published a first update summarizing the various requirements and how they interact with each other. Since then, there have been further developments of which this document seeks to give as much as possible a comprehensive and practical overview. This includes updated information on the:
- Taxonomy Regulation
- Sustainable Finance Disclosure Regulation (SFDR)
- Non-financial Reporting Directive (NFRD) and proposed Corporate Sustainability Reporting Directive (CSRD)
- Low Carbon Benchmark Regulation
- Credit Rating Regulation