Non-financial disclosures requirements as a regulation model for promoting and imposing sustainable finance within the European Union
Abstract
The Author is going to analyse the role of non-financial disclosures in the achieving goals established in the European Green Deal (EGD). There is the presentation of the aims presented in the EGD and created within the EU regulations in the area of sustainable finance. The Author also explained the definition of sustainable finance. In the last part of the Article the Author presented the current state and recommended change in the rules of non-financial reporting. Finally, the Article presented the connection between non-financial reports and sustainable finance and usability of CSRD in the architecture of sustainable finance.
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Sources of law
Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021 supplementing Regulation (EU) 2020/852 of the European Parliament and of the Council by establishing the technical screening criteria for determining the conditions under which an economic activity qualifies as contributing substantially to climate change mitigation or climate change adaptation and for determining whether that economic activity causes no significant harm to any of the other environmental objectives, OJ L 442, 9.12.2021
Communication from the Commission — Guidelines on non-financial reporting (methodology for reporting non-financial information), C/2017/4234, OJ C 215, 5.7.2017, p. 1–20.
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Regulation (EU) 2016/1011 of the European Parliament and of the Council of 8 June 2016 on indices used as benchmarks in financial instruments and financial contracts or to measure the performance of investment funds and amending Directives 2008/48/EC and 2014/17/EU and Regulation (EU) No 596/2014,OJ L 171, 29.6.2016, p. 1–65.
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DOI: http://dx.doi.org/10.17951/bc.2021.6.129-144
Date of publication: 2022-01-17 11:21:20
Date of submission: 2021-12-12 14:09:12
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