Taxomony

• European Commission's expert consultations on EU Taxonomy Complementary Delegated Act covering certain nuclear and gas activities
• Platform on Sustainable Finance’s report with supplementary advice on methodology and technical screening criteria for the climate and environmental objectives of the EU Taxonomy
  
• Platform on Sustainable Finance’s response to the Complementary Delegated Act
  
• European Commission's press release on the release of EU Taxonomy Complementary Climate Delegated Act to accelerate decarbonisation
  
• European Commission's Questions and Answers on the EU Taxonomy Complementary Climate Delegated Act covering certain nuclear and gas activities
  
• Speech of Commissioner McGuinness at the press conference on the EU Taxonomy Complementary Climate Delegated Act
  

SFDR

• EC's invitation (mandate) to the ESA's to propose amendments to the regulatory technical standards under the SFDR 2019/2088
  
• ESAs Updated Joined supervisory statement on the application of the SFDR
  
• SFDR queries forwarded to the Commission
  
• ESA's clarifications on key areas of the RTS under SFDR
  
• Report on the extent of voluntary disclosure of principal adverse impact under the SFDR
  
• Additional SFDR queries requiring the interpretation of Union law
  
• Final Report on draft RTS on disclosures to be provided about the exposure to fossil gas and nuclear energy investments under SFDR
  
• Delay in delivery of mandate to review the principal adverse impact indicators and financial product disclosures in the SFDR Delegated Regulation
  
• The European Commission has updated the technical standards under the SFDR
  
• Q&A on the SFDR Delegated Regulation
  
• FSMA communication on the Pre-contractual information for financial products under the SFDR

Sustainability Preferences

• Consultation Paper on Draft Guidelines on integrating the customer’s sustainability preferences in the suitability assessment under the IDD
  
• Feedback statement - public consultation on draft Guidelines on integrating the customer sustainability preferences in the suitability assessment under the Insurance Distribution Directive (IDD)
  
• Guidance on the integration of sustainability preferences in the suitability assessment under the Insurance Distribution Directive (IDD)
  
• Assuralia and Febelfin's view on the new IDD and MiFID II sustainability rules that will come into force as of August 2, 2022
  

Sustainability Finance

• FSMA Publication : Rules on Sustainable Finance
• FMSA Publication: Rules on sustainable finance - Insurance companies

Sustainability Disclosures

• Sustainability: guide to the new reporting obligations for listed companies
• IOSCO discusses sustainability reporting standards

Greenwashing

• FCA proposes new rules to tackle greenwashing
• ESAs Call for evidence on better understanding greenwashing
  
• ESMA is seeking stakeholders' feedback on guidelines for the use of ESG and sustainability-related terms in funds’ names in order to tackle greenwashing
  

EU Green Bond Standard

• Insurance Europe's updated set of key messages on the EC’s proposal for an EU Green Bond Standard (EUGBS)

Protection Gap

• EIOPA’s dashboard identifies the European natural catastrophe insurance protection gap

Stress Testing

• EIOPA's third paper on methodological principles of insurance stress testing climate risks
• 2022 IORP Climate Stress Test Report
  

Prudential Impact

• EIOPA outlines approaches to assess the prudential treatment of insurers’ sustainable assets and activities: discussion paper on the Prudential Treatment of Sustainability Risks

Solvency II

• Insurers share their views on the integration of sustainability risks in Solvency II

ORSA

• IRSG's (Insurance and Reinsurance Stakeholder Group) Advice on EIOPA's consultation paper on running climate change materiality assessment and using climate change scenarios in the ORSA
• Insurance Europe's response to EIOPA's consultation paper on running climate change materiality assessment and using climate change scenarios in the ORSA
• EIOPA's Application guidance on climate change materiality assessments and climate change scenarios in ORSA
• EIOPA's Feedback Statement following the Consultation Paper "Application guidance on running climate change materiality assessment and using climate change scenarios in the ORSA"
  

CSDD

• Proposal for a Directive on Corporate Sustainability Due Diligence and amending Directive (EU) 2019/193

CSRD

• Insurance Europe's updated key messages on the EC’s proposals for the Corporate Sustainability Reporting Directive
• European Council's position (general approach) on the corporate sustainability reporting directive
• Publication of The Corporate Sustainability Reporting Directive in the Official Journal
  

Climate Related Risks

• EIOPA assesses European insurers’ exposure to physical climate change risks
  
• Climate Risks in the Financial System: An Overview of Channels, Impact and Heterogeneity
• Consultation paper to propose guidance for (Re)insurance Undertakings on Climate Change Risk
• FSB's Final report on Supervisory and Regulatory Approaches to Climate-related Risks
  

ClimateWise

• The ClimateWise Principles Independent Review 2021

Governance Aspects

• IAIS Stocktake on diversity equity and inclusion in the insurance sector

Other

• EBA statement in the context of COP27
• EIOPA underlines its commitment to supporting the insurance and pensions sectors in tackling climate change
  

The Ensur Insurance Regulatory Watch is not intended to serve as legal advice and is provided for informational purposes only. It is not intended to form the basis of any decisions and you should not rely on its content for any purposes whatsoever.