SFDR 2.0 – Revision of the EU Sustainability Disclosure Regime

With the proposal of the European Commission dated 20 November 2025 for a revision of the Sustainable Finance Disclosure Regulation (SFDR), the long-awaited draft of a fundamentally reformed disclosure regime has now been published. The proposal addresses various challenges that have emerged in practice since 2021, in particular the effective use of Articles 8 and 9 SFDR as de facto labels and the limited comparability of published sustainability information.