Irish Funds Submits Industry Response to European Commission SFDR Consultation

Irish Funds has submitted its industry response to the European Commission’s consultation on the proposed revision of the Sustainable Finance Disclosure Regulation (SFDR), marking a constructive contribution to the ongoing review of the framework.

Drawing on extensive member input through the Irish Funds ESG Policy, Legal & Regulatory Working Group, the response broadly supports the Commission’s efforts to enhance clarity, usability and proportionality within the SFDR regime.

Irish Funds welcomed several key elements of the proposed revisions, including:

• More streamlined disclosures through harmonised templates

• A more proportionate approach to entity-level requirements

• Simplification of certain website disclosure requirements

The response also highlights areas where further clarity and coordination will be important to support effective implementation. These include alignment with exclusion criteria set out in the ESMA Fund Naming Guidelines, early publication of Level 2 measures, additional clarity on the treatment of sovereign bonds, and improved coordination across SFDR, MiFID and the Insurance Distribution Directive (IDD).

Stakeholder feedback from the consultation will now inform discussions in the European Parliament and Council as the legislative process progresses.

Irish Funds will continue to engage constructively with policymakers and stakeholders to support the development of a clear, workable and effective sustainable finance framework.

Irish Funds members can access the full response and key takeaways via the Irish Funds Member Portal.