SFDR – Sustainable Finance Disclosure Regulation
The EU Action Plan on Sustainable Finance aims to redirect capital towards sustainable investment to drive the transition to a low carbon, resource-efficient and just economy and society. The action plan includes the introduction of several overlapping regulatory and policy initiatives developed in recent years that impact non-listed real estate.
The overriding aim is to increase transparency and introduce common standards, thereby impeding greenwashing. The ambition is to provide investors and advisors with the substantive information required to make effective allocations that support the growth of a more sustainable economy, society and environment. The Sustainable Finance Disclosure Regulation (SFDR) is one of the most significant of these initiatives.
This page brings all our SFDR resources, guidance and insights together in one place.
Towards a clearer and simpler SFDR for a market in transition
A snapshot summarising the European Commission’s SFDR review proposal, outlining the move towards a clearer product-based categorisation system and the formal recognition of transition strategy.
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Falling through the cracks: SFDR’s impact on real estate investment
A research paper exploring the implications of SFDR for the non-listed real estate investment industry sheds light on the challenges of complying with SFDR and how it may distort investment needed for real carbon reduction.
Papers
Towards a clearer and simpler SFDR for a market in transition
ESG at a glance: current regulatory status in the EU and the UK
Sustainable Investment Principles
Falling through the cracks: SFDR’s impact on real estate investment
Sustainable Investment Survey 2023 Infographic
SFDR Real Estate Solutions Paper
The Impact of the EU Sustainable Finance Disclosure Regulation (SFDR)
EU SFDR: Latest updates and implementation timeline
Sustainable Disclosure Requirements Snapshot
Review of recent ESG-related regulatory and policy initiatives
Regulations
INREV files response to Commission consultation on SFDR
List of ESG related regulations October 2023
INREV response to ESAs consultation on SFDR Delegated Regulation
INREV response to ESMA consultation on funds’ names
INREV response to the ESAs Call for evidence on greenwashing
Looking for information on UK SDR?
Briefings
SFDR 2.0 proposal – overview and implications for non-listed real estate funds briefing 2025
Sustainable Investment Principles: assessing sustainable investments under SFDR Briefing
SFDR Article 9 for real estate transition funds with carbon reduction strategies
SFDR's impact on real estate investment - Cannes Seminar 2023 - presentation
ESG Committee
The aim of the committee is to establish a unified view of ESG, increasing understanding of all three aspects, environmental, social and governance, and to promote robust standards of corporate governance that integrate all these aspects for non-listed real estate vehicles. This will help the industry more effectively integrate ESG factors into the real estate investment decision-making process.
INREV Guidelines
The sustainability module and the sustainability reporting guidelines under the reporting module identify common areas which overlap with regulatory requirements and provide references to the SFDR but does not go as far as providing a comprehensive disclosure framework to comply with the relevant regulations. The INREV DDQ includes questions related to ESG regulations but does not go as far as providing a comprehensive disclosure framework to comply with the relevant regulations.
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