Sustainable Finance in Europe: Regulatory State of Play

The Association for Financial Markets in Europe (AFME) has released an updated version of the “2021 Sustainable Finance in Europe: Regulatory State of Play“ report, which reviews the latest developments and their impact on banks and capital markets in Europe.
The report focuses only on developments related to sustainable finance and does not cover areas of regulation that are impacted by new products and risks in the sustainable finance market. The report also addresses developments with a broader institutional application rather than product-specific developments. Geographically, the guide covers developments in the EU, UK, and Switzerland, but notes that many EU jurisdictions are developing their own supplemental regimes. Therefore, market participants will need to monitor developments in all relevant jurisdictions to ensure compliance.
The report aims to help members keep track of sustainable finance-related regulatory developments within the European Union, the United Kingdom and Switzerland. The guide was first published in November 2021 and has been updated to reflect the developments that have occurred since then.
Figure 1: Timeline of Sustainable Finance and ESG Matters within the EU and UK (page 6 and 7 of the report)