This Regulation lays down harmonised rules for financial market participants and financial advisers on transparency with regard to the integration of sustainability risks in terms of environmental and social characteristics and the consideration of adverse sustainability impacts in their processes and the provision of sustainability-related information with respect to financial products. Draft regulatory technical standards will be developed by the European Supervisory Authorities to specify the details of the content and presentation of the information in relation to the principle of ‘do no significant harm’. Article 4 compels financial market participants to publish and maintain information on adverse impacts of investment decisions on sustainability factors, including but not limited to: a reference to their adherence to responsible business conduct codes and internationally recognised standards for due diligence and reporting and, where relevant, the degree of their alignment with the objectives of the Paris Agreement.
2019-11-27