Amendment to Regulation (EU) 2019/2088 (+2 more) on sustainability-related disclosures in the financial services sector (SFDR), Regulation (EU) No 1286/2014 on key information documents for packaged retail and insurance-based investment products (PRIIPs)

This procedure aims to update the rules for how financial market participants and advisors disclose sustainability risks and impacts. By amending the SFDR and PRIIPs regulations, the EU seeks to make sustainability information clearer and more consistent, reducing 'greenwashing' and helping investors make informed choices about the environmental and social impact of their investments.

The changes primarily affect investment firms, insurance companies, and pension funds. Retail investors will benefit from more standardized and transparent information regarding the sustainability characteristics of the financial products they purchase.