cleversoft group GmbH+49(0)89 288 51110
Open a Support Ticket Support
Join our newsletter
cleversoft navcleversoft nav
contact cleversoft
Join our newsletter

On June 18, 2024, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a reviewed Joint Opinion with improvement suggestions on the Sustainable Finance Disclosure Regulation (SFDR).


Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Get in touch

Let's talk how we can help your business.


Connect to a new world of efficiency by utilizing cleversoft’s business solutions.

Get in touch

On June 18, 2024, the European Supervisory Authorities (EBA, EIOPA and ESMA – ESAs) published a reviewed Joint Opinion with improvement suggestions on the Sustainable Finance Disclosure Regulation (SFDR). This comes as the next step in their work following two official consultations from the European Commission as well as several series of draft RTS suggestions put forward by the Authorities and a draft RTS published on December 4, 2023. You may review our blog post on that document. The latest Joint Opinion provides a structured summary of known issues along with new proposals which the ESAs have gathered throughout their work and collaborations in the past 2 years since the Regulation came in force. The ESAs put forward some interesting points around the complexity of the current Regulation which is often making it very difficult for investors to understand the requirements, in addition to their suggestion to implement a categoriзation system and a sustainability indicator with the aim to clearly underline the sustainability nature of the financial product.

This Opinion comes as a suggestion from the ESAs to the European Commission and has been published at their own initiative. As such, the Authorities’ aim is to provide a summarized report, which the Commission could consider during their extensive review of the Sustainable Finance Disclosure Regulation (SFDR), which is currently ongoing.

The primary focus falls on the introduction of a categorization system to allow for better transparency, traceability and coherence for the underlining sustainable aspects of financial products for investors in the European Union. The recommendations in this regard include:

Furthermore, the ESAs have included a dedicated section from the document to underline the importance of providing clear guidance on the traceability, transparency and consistency of SFDR disclosures in collaboration and interoperability with international initiatives from other jurisdictions.

In their official announcement on the publication of the Joint Opinion, the ESAs express their readiness to support the European Commission during their review of the SFDR framework. And while the Commission has officially confirmed that they have started this process, there have been no indications until this moment about the possible timelines for the publication and implementation of any updates in the Regulation.

SFDR service at cleversoft

cleversoft is closely monitoring the latest SFDR regulatory requirements and updates to ensure a fast implementation of any changes as part of cleversoft’s compliance commitment offering.

To find out more about our SFDR services, please visit our website.

For further information, please use the contact form on our website. Our experts will be happy to answer your questions.