Week 6: Global Regulatory Frameworks
Learning Goals
- Understand the EU Taxonomy and its six environmental objectives
- Apply SFDR classification requirements to fund products
- Navigate global regulatory landscape including ISSB standards
Topics Covered
- EU Taxonomy framework
- SFDR Article 6, 8, 9 classification
- CSRD and double materiality
- ISSB standards and global adoption
- SEC climate disclosure rules
- Cross-jurisdictional comparison
The instruments this week covers, and the law behind them
| Instrument | Legal act or standard | Dates |
|---|---|---|
| EU Taxonomy | Regulation (EU) 2020/852 | in force 12 July 2020; the climate delegated act applies from 1 January 2022 |
| SFDR | Regulation (EU) 2019/2088 | applies from 10 March 2021; the technical standards, Commission Delegated Regulation (EU) 2022/1288, from 1 January 2023 |
| CSRD | Directive (EU) 2022/2464 | in force 5 January 2023; the first reporting standards, Commission Delegated Regulation (EU) 2023/2772 |
| ISSB standards | IFRS S1 and IFRS S2 | issued 26 June 2023, for annual periods beginning on or after 1 January 2024 |
| SEC climate disclosure rules | Release 33-11275 | adopted 6 March 2024, stayed by the Commission on 4 April 2024, and the Commission withdrew its defence of them in March 2025 |
| TCFD | the Task Force’s recommendations | published June 2017; the Task Force was disbanded in October 2023 and the IFRS Foundation took over monitoring |
| TNFD | the Taskforce’s recommendations, version 1.0 | published 18 September 2023 |
| NGFS scenarios | the Network’s reference scenarios | results version 5.0, November 2024 |
Each row names the act and the date of the event, so a reader can check the position at any later date against the register that publishes it.
Materials
- Lecture Slides (PDF), 34 pages
(c) Joerg Osterrieder, University of Twente