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Will delays in the application of the CSRD affect disclosure requirements for investors?
Will delays in the application of the CSRD affect disclosure requirements for investors?
Briink Intelligence GmbH avatar
Written by Briink Intelligence GmbH
Updated over a week ago

Sustainability reporting for companies is currently regulated by the Non-Financial Reporting Directive (NRFD). However, European Institutions have recently reached a deal concerning the Corporate Sustainability Reporting Directive (CSRD).

The implementation of the CSRD for companies beyond the scope of the NFRD has been delayed in comparison to the original timeline. However, this was not the case for the SFDR Level 2.

This means that managers of Article 9 funds and Article 8 funds that promote environmental characteristics in private markets will have to report on portfolio Taxonomy alignment, while their portfolio companies do not yet face any obligations to conduct this reporting. Data availability struggles like this one will continue for asset managers and banks for years to come.

For more information on the application of EU Taxonomy reporting requirements to Article 8 and Article 9 funds, see the dedicated FAQ.

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