SFDR: EFAMA calls for Taxonomy consistency

The European Fund and Asset Management Association (EFAMA) has called for consistency of Taxonomy KPI metrics under the EU’s Sustainable Finance Disclosure Regulation.

EFAMA’s statement is in response to the joint European Supervisory Authorities’ (ESAs) consultation on taxonomy-related sustainability disclosures in the new ESG regulation, published in March.

EFAMA expressed a need for full consistency between taxonomy alignment metrics used by financial undertakings for taxonomy-related disclosures in SFDR, the Article 8 Taxonomy Delegated Act and the portfolio greenness formula in the EU Ecolabel for retail financial products.