>>> Access the EuroSFS 2022 here <<<
The European Sustainable Finance Survey explores financial institutions’ use of the EU Taxonomy
The European Sustainable Finance Survey (EUROSFS) was launched in 2020 by the German Ministry for the Environment, Nature Conservation, Nuclear Safety, and Consumer Protection and consists of three annual surveys conducted by adelphi and partner organisations in 2020-2022. It focuses on the EU Taxonomy for Sustainable Activities (subsequently “EU taxonomy” or “taxonomy”) as one of the most prominent but also critically discussed tools developed under the EU Commission’s action plan on financing sustainable growth (March 2018). The EUROSFS aims to contribute to the effective application of the EU taxonomy by eliciting and widely communicating market participants’ views of the tool and ideas for overcoming apparent hurdles. The first two EUROSFS surveys explored European non-financial companies’ and commercial banks’ (2020) and public financial institutions’ (2021) perspectives on the taxonomy.
In its third year, EUROSFS 2022 addresses asset owners (AO) and asset managers (AM).
The EU Taxonomy Regulation (TR, 2020/852) sets entity- and product-level disclosure requirements for 1) large companies required to provide non-financial statements under the Non-Financial Reporting Directive (NFRD, 2014/95/EU, amending Directive 2013/34/EU) and for 2) financial market participants offering financial products that promote or focus on sustainability, as defined in the Sustainable Finance Disclosure Regulation (SFDR, 2019/2088). Focus of this year’s survey is on institutions that have such taxonomy-related disclosure duties – because they provide SFDR Article 8 or 9 financial products and/or because they fall under the NFRD. Through such disclosures – but also in many other ways – the taxonomy is expected to help shift capital flows towards greater sustainability.
Against this background, the EUROSFS 2022 aims to answer the following questions:
- Where do AO/AM stand with regard to taxonomy-related disclosures?
- (How) do AO/AM use the taxonomy to help achieve the EU’s sustainability-related goals?
- Which challenges do AO/AM encounter when using the taxonomy?
- How could challenges be overcome?
- The survey will be open until the 30th of June 2022.
- In-depth interviews will be conducted until August.
- The final study will be officially launched in October 2022.
When answering this survey, please note:
- Answers are not in any way legally binding.
- The results of the survey will be published anonymously (in the form of a summary report).
- In case of any questions or concerns, please contact the survey team:
To participate, click this link or copy it in your browser: https://surveys.adelphi.de/index.php/162564?lang=en