308-5 Commission Delegated Directive (EU) .../… of 21.4.2021 amending Delegated Directive (EU) 2017/593 as regards the integration of sustainability factors into the product governance obligations

Summary

This Directive and other sectoral delegated acts that adapt rules on fiduciary duties and that were adopted alongside also reinforce Regulation (EU) 2019/2088 of the European Parliament and of the Council7, Regulation (EU) 2019/2089 of the European Parliament and of the Council8 and Regulation (EU) 2020/852 of the European Parliament and of the Council. Those rules integrate sustainability considerations into the investment, advisory and disclosure processes in a consistent manner across sectors. They anchor environmental, social and governance (sustainability) considerations at the heart of the financial system to help transform Europe's economy into a greener, low-carbon, more resilient, resource- efficient and circular system.

Thumbnail image for This Directive and other sectoral delegated acts that adapt rules on fiduciary duties and that were adopted alongside also reinforce Regulation (EU) 2019/2088 of the European Parliament and of the Council7, Regulation (EU) 2019/2089 of the European Parliament and of the Council8 and Regulation (EU) 2020/852 of the European Parliament and of the Council. Those rules integrate sustainability considerations into the investment, advisory and disclosure processes in a consistent manner across sectors. They anchor environmental, social and governance (sustainability) considerations at the heart of the financial system to help transform Europe's economy into a greener, low-carbon, more resilient, resource- efficient and circular system.

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 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