ESA Joint Committee · sfdr-79 Final

For Art. 9 products that are partly taxonomy-aligned, should the disclosures refer to the technical screening criteria as indicators for the taxonomy-aligned part?

Regulation
SFDR
Answered
2022-11-17
Answer provided by
ESAs (EBA, ESMA, EIOPA)
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Question

For Art. 9 products that are partly taxonomy-aligned, should the disclosures refer to the technical screening criteria as indicators for the taxonomy-aligned part?

Answer

Please refer to the European Commission’s response to Question V.1 with regard to the interpretation for products falling under Article 9 SFDR. The technical screening criteria in Delegated Acts for the Taxonomy Regulation provide the conditions under which economic activities can be considered Taxonomy-aligned. The do not significantly harm (DNSH) related requirements referred to in Article 2(17) SFDR are to be applied to all sustainable investments including investments in taxonomy-aligned activities. Therefore, Article 9 SFDR financial products that are partly taxonomy-aligned should disclose how taxonomy-aligned investments do not significantly harm environmental or social objectives by taking into account the indicators on principal adverse impacts, in addition to complying with the technical screening criteria in the Delegated Acts for the Taxonomy Regulation.
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This Q&A is published by ESA Joint Committee (EBA, ESMA, EIOPA) and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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