26/06/2024 (Agence Europe) – On Tuesday 25 June, Better Finance, the European Federation of Investors and Users of Financial Services, welcomed the joint opinion of the European financial market supervisory authorities (ESMA, EBA, EIOPA) on the ‘SFDR’ regulation on sustainable finance disclosures (see EUROPE 13069/25). On Tuesday 18 June, the authorities proposed improvements to address retail investors’ concerns about the current complexity of the SFDR and the potential risks of greenwashing. For the Federation, these improvements are closely aligned with its own proposals to ensure that sustainable investment products meet the needs of citizens as individual investors. “The introduction of a new ‘Transition’ category represents a significant advancement, empowering investors to actively contribute to the greening of the brown economy, rather than merely reallocating investments within already sustainable sectors”, it said. See the joint opinion: https://aeur.eu/f/ctp (AD)