308-6 EU Commission Delegated Regulation on sustainability factors, risks, and preferences in product oversight and governance requirements for insurance undertakings and insurance distributors

Summary

This Regulation is part of a broader Commission's initiative on sustainable development. It lays the foundation for an EU framework which puts sustainability considerations at the heart of the financial system to support transforming Europe's economy into a greener, more resilient and circular system in line with the European Green Deal objectives.

Thumbnail image for This Regulation is part of a broader Commission's initiative on sustainable development. It lays the foundation for an EU framework which puts sustainability considerations at the heart of the financial system to support transforming Europe's economy into a greener, more resilient and circular system in line with the European Green Deal objectives.

Issuer

European Union (EU)

Year

2021

Region

International

Issuer (type)

European Commission (Region)

Policy Type

Other sustainability policy

Geographical scope

Regional

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Manufacturing
Mining, Quarrying, Oil & Gas Extraction
Retail trade

Restrictiveness

High

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 4: Quality Education
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 15: Life on Land