308-1 Commission Delegated Directive (EU) amending Directive 2010/43/EU as regards the sustainability risks and sustainability factors to be taken into account for Undertakings for Collective Investment in Transferable Securities (UCITS)

Summary

This Directive clarifies the current obligation of undertakings for collective investment in transferable securities (UCITS) to integrate sustainability risks. The clarification does not introduce ranking amongst different risks. This Directive also clarifies some of implications of Regulation on sustainability-related disclosures in the financial services sector, namely where management companies of UCITS disclose information with regard to the consideration of adverse sustainability impacts.

Thumbnail image for This Directive clarifies the current obligation of undertakings for collective investment in transferable securities (UCITS) to integrate sustainability risks. The clarification does not introduce ranking amongst different risks. This Directive also clarifies some of implications of Regulation on sustainability-related disclosures in the financial services sector, namely where management companies of UCITS disclose information with regard to the consideration of adverse sustainability impacts.

Issuer

European Union (EU)

Year

2021

Region

International

Issuer (type)

European Commission (Region)

Policy Type

Disclosure

Geographical scope

Regional

Mandatory or voluntary

Mandatory

Main industries targeted

Finance & Insurance
Mining, Quarrying, Oil & Gas Extraction
Public administration

Restrictiveness

High

Sustainable Development Goals (SDGs)

SDG 2: Zero Hunger
SDG 4: Quality Education
SDG 6: Clean Water and Sanitation
SDG 9: Industry, Innovation, and Infrastructure
SDG 10: Reduced Inequality
SDG 12: Responsible Consumption and Production
SDG 14: Life Below Water
SDG 15: Life on Land