Companies subject to the NFRD must implement the CSRD as of 2025 for the fiscal year 2024. Companies covered by the CSRD are required to comply with the new European sustainability reporting standards developed for the occasion. [...]
Each year, the French financial markets authority (AMF) examines the information published by listed companies on their corporate governance and on the compensation of their executives. A large part of the report published in December 2022 by the institution is devoted to the consideration of corporate social responsibility (CSR) by [...]
In addition to deciphering and appropriating the Disclosure Regulation, companies in the financial sector are also subject to the Taxonomy Regulation since the beginning of 2022. In France, the law on energy and climate enacted in 2019 and its implementing decree reinforce the transparency obligations of the Article 173 report [...]
Article 29 of the Climate and Energy Law applies to the financial sector (insurance, banking, asset management companies) for collective management, discretionary management and investment advice. To comply with these new reporting requirements, the regulation recommends that portfolio management companies analyse the investment sectors of their funds. [...]
Part three Are you affected by the Disclosure Regulation? It can be difficult to navigate the complexities of the new regulations. The table below sets out, as succinctly as possible, the impact of the various articles of the Disclosure Regulation on economic and financial actors. SFDR [...]
Mandatory in 146 jurisdictions, these new IFRS standards will accelerate the integration of the non-financial dimension in the financial communication of companies. The Board introduced the permission to rely on the Global Reporting Initiative Standards (GRI) and European Sustainability Reporting Standards (ESRS). On 16th February, the ISSB [...]
Market participants must now publish on their website their policy for integrating sustainability risks into the investment process and remuneration policy and update their pre-contractual documentation. Part two Phasing in of the SFDR regulation The SFDR regulation is being phased in over a period of 3 years [...]
The "EU Sustainable Finance Action Plan", one of its main objectives is to involve the financial sector in the EU's climate objectives. First part The EU Disclosure Regulation has created new sustainability transparency obligations for market participants. Significant investments are needed to meet the resilience, sustainability and [...]
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