Abstract
Since its inception, the Sustainable Finance Disclosure Regulation (SFDR) has been one of the most controversial and criticized pieces of EU sustainable finance regulation, particularly because of its complexity. Yet, it has not compromised the success of sustainable finance. Over a third of funds sold in the European Union have opted to make additional sustainability disclosures provided under the SFDR. Thus, a sustainability profile is now assessed and disclosed for a staggering 4.6 trillion euros in assets under management, representing 55% of the European fund industry. Nonetheless, the success in the wide adoption of the regulatory disclosure framework stands in sharp contrast with the legal uncertainty which has prevailed since the SFDR entered into force on 10 March 2021.
| Original language | English |
|---|---|
| Title of host publication | The Cambridge Handbook of European Sustainable Finance |
| Subtitle of host publication | Regulation, Supervision and Governance |
| Editors | Michele Siri, Kern Alexander, Matteo Gargantini |
| Place of Publication | Cambridge |
| Publisher | Cambridge University Press |
| Chapter | 10 |
| Pages | 251-279 |
| ISBN (Electronic) | 9781009483971 |
| ISBN (Print) | 9781009483940 |
| DOIs | |
| Publication status | Published - Feb 2025 |
