{"id":109773,"date":"2023-10-25T15:19:46","date_gmt":"2023-10-25T13:19:46","guid":{"rendered":"https:\/\/www.afg.asso.fr\/revision-du-niveau-1-sfdr-propositions-de-lafg-sfdr-level-1-review-afg-proposals\/"},"modified":"2023-10-25T15:19:46","modified_gmt":"2023-10-25T13:19:46","slug":"revision-du-niveau-1-sfdr-propositions-de-lafg-sfdr-level-1-review-afg-proposals","status":"publish","type":"post","link":"https:\/\/www.afg.asso.fr\/fr\/revision-du-niveau-1-sfdr-propositions-de-lafg-sfdr-level-1-review-afg-proposals\/","title":{"rendered":"R\u00e9vision du niveau 1 SFDR \u2013 propositions de l\u2019AFG \/ SFDR level 1 review \u2013 AFG proposals"},"content":{"rendered":"\n<p>Le 14 septembre, la Commission Europ\u00e9enne a publi\u00e9 sa consultation tr\u00e8s attendue sur la r\u00e9vision du R\u00e8glement Sustainable Finance Disclosure (\u00ab&nbsp;SFDR&nbsp;\u00bb). L\u2019\u00e9ch\u00e9ance pour r\u00e9pondre \u00e0 cette consultation est fix\u00e9e au 15 d\u00e9cembre.<\/p>\n\n\n\n<p>L\u2019AFG et ses membres ont travaill\u00e9 en amont de cette publication pour identifier les grands enjeux de cette r\u00e9glementation avec une vision prospective pour faire de cette revue un succ\u00e8s.<\/p>\n\n\n\n<p>En r\u00e9sum\u00e9, l\u2019AFG propose&nbsp;:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>de simplifier, de rendre plus coh\u00e9rent et cr\u00e9dible le cadre r\u00e9glementaire&nbsp;;<\/li><li>d\u2019inclure clairement la transition dans SFDR&nbsp;;<\/li><li>de remettre le client au centre du cadre&nbsp;;<\/li><li>de passer d\u2019un r\u00e9gime de transparence \u00e0 un r\u00e9gime avec des crit\u00e8res minimaux. Notre approche est fond\u00e9e sur les strat\u00e9gies et le niveau d\u2019ambition des fonds.<\/li><\/ul>\n\n\n\n<p>S\u2019agissant de sa position sur le futur&nbsp;cadre de SFDR, l\u2019AFG souhaite <strong>remettre au centre les strat\u00e9gies de durabilit\u00e9 des produits<\/strong>. En effet, les strat\u00e9gies sont essentielles \u00e0 la bonne compr\u00e9hension des investisseurs.<\/p>\n\n\n\n<p>Aussi, l\u2019AFG propose <strong>trois cat\u00e9gories de produits<\/strong> qui seraient associ\u00e9s \u00e0 deux niveaux d\u2019ambition&nbsp;:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Objectif g\u00e9n\u00e9rique Environnemental et\/ou Social<\/strong><\/li><li><strong>Transition<\/strong><\/li><li><strong>Solutions, Impact et Contribution.<\/strong><\/li><\/ul>\n\n\n\n<p>Pour permettre une meilleure coh\u00e9rence avec les autres r\u00e8glementations, l\u2019AFG propose d\u2019aligner le questionnaire des pr\u00e9f\u00e9rences de durabilit\u00e9 des clients (amendements int\u00e9grant les pr\u00e9f\u00e9rences de durabilit\u00e9 dans la directive Markets in Financial Instruments \u2013 \u00ab&nbsp;MIF ESG&nbsp;\u00bb) avec ces nouvelles cat\u00e9gories.<\/p>\n\n\n\n<p>Par ailleurs, l\u2019AFG rappelle que les labels nationaux et les strat\u00e9gies \u00e9quivalentes aux indices climatiques de la Commission Europ\u00e9enne, Paris Aligned Benchmark et Climate Transition Benchmark (\u00ab&nbsp;PAB&nbsp;\u00bb, \u00ab&nbsp;CTB&nbsp;\u00bb), devraient \u00eatre int\u00e9gr\u00e9s dans ce nouveau cadre par le biais d\u2019\u00e9quivalence.<\/p>\n\n\n\n<p>Si les \u00ab&nbsp;cat\u00e9gories 6, 8 et 9&nbsp;\u00bb sont conserv\u00e9es, l\u2019AFG propose une matrice de correspondance.<\/p>\n\n\n\n<p>L\u2019AFG continue de travailler sur ce sujet pour affiner ses propositions.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.afg.asso.fr\/fr\/publication\/\/revision-du-niveau-1-sfdr-propositions-de-lafg\/\" data-type=\"afg-document\" data-id=\"419784\"><strong>Acc\u00e9dez aux propositions de l&rsquo;AFG.<\/strong><\/a><\/p>\n\n\n\n<p>&#8212;<\/p>\n\n\n\n<p>On 14 September, the European Commission launch its long-awaited consultation on the level 1 review of the Sustainable Finance Disclosure Regulation (\u201cSFDR\u201d). The deadline of this consultation is set on 15 December.<\/p>\n\n\n\n<p>The AFG and its members has carried out work ahead of this consultation to identify the major challenges of the regulation with a forward-looking vision to make this review a success.<\/p>\n\n\n\n<p>To sum up, AFG proposes to:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Simplify, ensure consistency and credibility in the sustainable finance regulatory framework,<\/li><li>Clearly include the transition concept in the SFDR framework,<\/li><li>Put the final client at the centre of the sustainable finance regulatory framework.<\/li><li>Evolve from a transparency regime to a regime which includes minimum criteria. Our approach is based on the strategy and level of ambition of funds.<\/li><\/ul>\n\n\n\n<p>With regards the future SFDR framework, the AFG wants to <strong>put sustainability strategies at the centre of the SFDR framework<\/strong>. Indeed, strategies are essential to investors&rsquo; understanding.<\/p>\n\n\n\n<p>AFG therefore proposes <strong>three categories of products<\/strong> that would be associated with two levels of ambition:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Generic focus on Environmental and\/or Social objective,<\/strong><\/li><li><strong>Transition,<\/strong><\/li><li><strong>Solutions, Impact and Contribution.<\/strong><\/li><\/ul>\n\n\n\n<p>To ensure a better consistency with other regulations, AFG also proposes to align the clients\u2019 sustainability preferences questionnaire (Markets in Financial Instruments Directive sustainability preferences amendments \u2013 \u201cMIF ESG\u201d) with these new categories.<\/p>\n\n\n\n<p>Furthermore, AFG points out that national labels and strategies equivalent to the European Commission\u2019s climate benchmarks, Paris Aligned Benchmark and Climate Transition Benchmark (\u201cPAB\u201d, \u201cCTB\u201d) should be integrated into this new framework through an equivalence.<\/p>\n\n\n\n<p>Finally, should the existing \u201cArticle 6, 8 and 9\u201d remain, AFG proposes a correspondence matrix.<\/p>\n\n\n\n<p>The AFG continues to work on the subject to refine its proposals.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.afg.asso.fr\/fr\/publication\/\/revision-du-niveau-1-sfdr-propositions-de-lafg\/\" data-type=\"afg-document\" data-id=\"419784\"><strong>Download AFG proposals<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Le 14 septembre, la Commission Europ\u00e9enne a publi\u00e9 sa consultation tr\u00e8s attendue sur la r\u00e9vision du R\u00e8glement Sustainable Finance Disclosure&hellip;<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_gspb_post_css":"","wds_primary_category":0,"footnotes":""},"categories":[5],"tags":[],"thematics":[41],"top_contenu":[],"class_list":["post-109773","post","type-post","status-publish","format-standard","hentry","category-non-classifiee","thematics-finance-durable"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/posts\/109773","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/comments?post=109773"}],"version-history":[{"count":0,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/posts\/109773\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/media?parent=109773"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/categories?post=109773"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/tags?post=109773"},{"taxonomy":"thematics","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/thematics?post=109773"},{"taxonomy":"top_contenu","embeddable":true,"href":"https:\/\/www.afg.asso.fr\/fr\/wp-json\/wp\/v2\/top_contenu?post=109773"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}