Virtual Panel: SFDR and TCFD regulation update - how are financial market participants in the region adjusting practices to meet new regulations in Europe?

Europe’s new rulebook SFDR is designed to ensure that asset managers document their ESG numbers amid concerns that rapid that the rapid pace of growth has facilitated greenwashing. 2021 stands out as a transition year for sustainable funds as asset managers work their way through the necessary adjustments to comply with SFDR. The sustainable and responsible investment market in Europe is on pace to continue this trend throughout 2022 with much optimism as the global economy looks on.

• Advancing TCFD guidance on physical climate risks and opportunities - does this require further alignment between policy makers and market participants?
• The Future of SFDR - will holistic consideration of environmental effects present future barriers or opportunities?
• Barriers to framework harmonisation - geographical location; tax obligations and accuracy of data- need to unify standards and conduct better investment analysis- the benefits of scenario analysis
• Has SFDR led to an increase in product segmentation and ongoing discrepancies in categorisation?
• How does the ISSB fit in with other organisations developing sustainability reporting standards?
• How will the ISSB’s standards approach materiality?
• What should companies reporting, or preparing to report, using existing sustainability disclosure guidance do in the period before the ISSB’s standards are issued?
• Examining the impact of the new taxonomy for banking sector in the region