Joint Committee Report on Principal Adverse Impact disclosures under the Sustainable Finance Disclosure Regulation

Fourth annual Report on the extent of voluntary disclosure of principal adverse impacts (PAIs) under the Sustainable Finance Disclosure Regulation (SFDR). 

The three European Supervisory Authorities (EBA, EIOPA and ESMA – the ESAs) have observed a steady improvement in the quality of the PAI voluntary disclosures at both entity and product level. 

Similar to previous years, the ESAs surveyed National Competent Authorities and conducted staff-level analysis of publicly available PAI statements from the asset management, insurance and occupational pension sectors and of a sample of financial products’ PAI disclosures.