ESA Joint Committee · sfdr-80 Final

An Article 9 SFDR product with 100% non-Taxonomy compliant climate objectives, would still fill the Taxonomy sections with 0% and the social sustainable investment section with 0%? Please refer to the

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

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Question

An Article 9 SFDR product with 100% non-Taxonomy compliant climate objectives, would still fill the Taxonomy sections with 0% and the social sustainable investment section with 0%? Please refer to the European Commission’s response to Question V.1 with regard to the interpretation for financial products falling under Article 9 SFDR. With regard to the type of financial product falling under Article 9 SFDR that invested in economic activities contributing to environmental objectives complying with Article 2(17) SFDR but not the criteria listed in Article 3 TR, the disclosure in the templates provided in Annex III and V of the Delegated Regulation contains clear identification of the share of sustainable investments with an environmental objective in the section “What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy?”. Such a financial product should indicate 0% in the graphical representation in the section “To what minimum extent are sustainable investments with an environmental objective aligned with the EU Taxonomy?

Answer

”. In addition, it should disclose a 100% share under the heading “What is the minimum share of sustainable investments with an environmental objective that are not aligned with the EU Taxonomy”.

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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