In a recent article for Practical Law, Paula de Biase provides an overview of the national measures that have been taken in Spain relating to Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
The SFDR imposes harmonized transparency and disclosure requirements relating to sustainability on financial market participants (FMPs) and financial advisers from 10 March 2021. It forms a key part of the European Commission’s reforms relating to sustainable finance, which is the process of taking environmental, social and governance (ESG) considerations into account in investment decision-making, ultimately leading to more sustainable investments and a greener economy. The aim of the reforms is to integrate ESG considerations into the investment and advisory process in a consistent manner across financial sectors.
For an overview of relevant national measures taken in Spain, please click here.