EU Council agrees position to simplify sustainable finance disclosure rules
Summary
The Council of the EU has agreed on a negotiating position to update the Sustainable Finance Disclosure Regulation (SFDR), aiming to simplify transparency rules for sustainable financial products. The revision seeks to reduce administrative burdens, help investors better understand and compare sustainability-related products, and align investments with EU strategic goals on sustainability and competitiveness.
Source
bskyEU Council agrees position to simplify sustainable finance disclosure rulesconsilium.europa.euKey quotes
· 3 pulledThe Council today agreed its negotiating position on an updated sustainability transparency framework for financial products sold in the EU.
The objective is to ease administrative burdens and help investors better understand and compare sustainability-related financial products.
This will help better deploy investments towards sustainability, competitiveness and other strategic policy goals of the Union.
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