At the joint US-EU Regulatory Forum on Tuesday 7 and Wednesday 8 February, participants discussed sustainable finance and climate-related financial risks, according to the joint statement issued on Monday 13 February.
The Forum brought together representatives of the European Commission, the European Supervisory Authorities (EBA, EIOPA and ESMA), the European Central Bank (ECB) and the Single Resolution Board, as well as representatives of the US Department of the Treasury and independent regulators, including the Securities and Exchange Commission (SEC).
They discussed ongoing work on climate and sustainability-related financial disclosures and climate-related financial risks. The European Commission presented the progress made on the implementation of the Sustainable Finance Disclosures Regulation (SFDR) and the development of European Sustainability Reporting Standards, conformant with the CSRD directive (see EUROPE 13108/17).
On the US side, the SEC has detailed its proposals to enhance disclosures regarding issuers’ climate-related risk and certain funds and investment advisers.
Participants agreed to continue bilateral exchanges on sustainability-related disclosures and their engagement in international fora, including on standards being developed by the International Sustainability Standards Board (ISSB).
To read the joint statement: https://aeur.eu/f/5br (Original version in French by Anne Damiani)