SFDR
Regulation (EU) 2019/2088 — Sustainability-related disclosures in the financial services sector
Sujet : finance durable · Niveau : régional
Aujourd’hui
SFDR 1 applies. SFDR 2.0: Council mandate 24 Jun 2026, EP plenary mandate 5 Oct 2026; 1st trilogue set for 22 Oct 2026.
Résumé
Le SFDR oblige les acteurs financiers européens à publier leur gestion des risques et impacts de durabilité. Une réforme (SFDR 2.0) proposée en novembre 2025 remplacerait les articles 8 et 9 par trois catégories de produits, probablement à partir de 2029.
Qui est concerné
- Chiffre d’affaires
- non précisé
- Effectif
- PAI entity statement: >500 staff
- Cotée en bourse
- non précisé
- Secteurs
- Asset managers
- Insurers (IBIPs)
- Pension providers
- Investment advisers
- Activités déclencheuses
- Being a financial market participant in EU
- Offering financial products in the EU
- Giving investment or insurance advice
- Portée hors territoire
- Non
Applies to EU-marketed products; investee companies abroad receive ESG data requests (PAI indicators).
- Exemples
- EU fund manager with Article 8 funds
- Insurer selling unit-linked products
- Non-EU manager marketing funds in the EU
Ce que la loi exige
- Disclose sustainability risk integration and remuneration policies
- Report principal adverse impacts at entity level (mandatory above 500 staff)
- Provide pre-contractual and periodic disclosures for Article 8 and 9 products
- Prepare to classify products under SFDR 2.0 categories once adopted
Sanctions
Set by national competent authorities (e.g. AMF, BaFin) under national law; no EU-level fine amount.
Ce que cela change pour un fournisseur en Chine
Indirect. Chinese companies held by EU funds face requests for PAI data (GHG, gender pay gap, controversies). Exclusion criteria may cut access to EU capital.
Preuves attendues
- Scope 1-3 GHG emissions
- Board gender diversity and pay gap
- Policy on UNGC/OECD Guidelines
Niveaux : Tier 1