The European Commission is set to launch a consultation that may see the Article 8 and 9 labels being scrapped under its SFDR regime.
The commission plans to evaluate market views on the implementation of SFDR and its integration with other components of the European sustainable finance framework in an effort to improve it. This will include the application of Article 8 and 9 as disclosure labels, which were not their original intended purpose, according to draft documents seen by Responsible Investor. Instead, the commission will seek views on the merits of developing a "more precise" categorisation system, either by building on the categories and their distinctions or taking a new approach. Pressure mounts on ...
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