On 14 October 2024, the European Securities and Markets Authority (ESMA) published an updated version of its implementation timeline on sustainable finance.
The implementation timeline covers:
- Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
- Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment (Taxonomy Regulation)
- Corporate Sustainability Reporting Directive ((EU) 2022/2464) (CSRD).
- Regulation (EU) 2016/1011 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds (Benchmarks Regulation).
- Regulation (EU) 2023/2631 on European Green Bonds and optional disclosures for bonds marketed as environmentally sustainable and for sustainability-linked bonds (European Green Bonds Regulation).
The updated timeline has a question mark against a European Commission review of the SFDR in mid-2025.