In April 2020, the International Capital Market Association (ICMA) published a document summarising the various the new and amended EU legislation on significant sustainability and ESG related disclosure requirements that are impacting all EU capital market participants.
ICMA has today published an update on the further developments since the publication of the April 2020 document, as well as providing an account on how the various requirements interact with each other and what they mean for issuers and investors. It also contains an overview on:
- The Taxonomy Regulation (article 8 reporting obligations and the delegated act adopted on 6 July 2021)
- The Sustainable Finance Disclosure Regulation (SFDR) and the Regulatory Technical Standards (RTS)
- The Non-financial Reporting Directive (NFRD) and proposed Corporate Sustainability Reporting Directive (CSRD)
- The Low Carbon Benchmark Regulation
- Credit Rating Regulation