308-9 Commission Delegated Regulation (EU) .../... of 21.4.2021 amending Delegated Regulation (EU) 2015/35 as regards the integration of sustainability risks in the governance of insurance and reinsurance undertakings

Summary

This Regulation and other sectoral delegated acts that adapt rules on fiduciary duties and suitability tests further reinforce the Regulation on sustainability-related disclosures in the financial services sector, the Regulation on the EU Climate Transition Benchmarks, EU Paris-aligned Benchmarks and sustainability-related disclosures for benchmarks5 and the Regulation on the EU taxonomy for sustainable activities.

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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
Mining, Quarrying, Oil & Gas Extraction
Public administration

Restrictiveness

Low

Sustainable Development Goals (SDGs)

SDG 1: No Poverty
SDG 2: Zero Hunger
SDG 4: Quality Education
SDG 8: Decent Work and Economic Growth
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 15: Life on Land