Ref. Ares(2022)6565660 - 23/09/2022
FISMA/13945 - SFDR and Sustainable Finance
Meeting date and place
Meeting held on 02/06/2022 14:30 SPA2 02/A007
Participating organisation(s) representative(s)
London Stock Exchange Group
Participant
London Stock Exchange Group
Participant
London Stock Exchange Group
Contact,
,
Participant Requester
Main issues discussed
Participants: EC:
Discussion:
At the beginning of the meeting, LSEG work was introduced and emphasis was given that they are a worldwide
representative which also collects, analyses and computes ESG data.
After, LSEG provided their feedback concerning the application of SFDR among their customers (especially
concerning PAI and the Taxonomy Regulation). LSEG also explained a bit more about their recent initiatives
with regards to sustainable finance, including the database Lipper and collecting data on Taxonomy-eligibility/
alignment, on Articles 8 and 9 of SFDR and also their approach when using estimates (only for scope 3 data for
Taxonomy-alignment). A short discussion ensued on the interaction between SFDR and the low-carbon
benchmarks (PAB and CTB).
LSEG representatives raised questions regarding principle adverse impact in the context of social indicators
recently published by ESMA and also the Due Diligence Regulation that might affect the LSEG business. They
also asked about the timeline for delivering the amended RTSs as a result of the two mandates sent to the
ESAs in April.
Finally, LSEG representatives presented their analysis of the Sustainability Disclosure Requirements initiative
in the United Kingdom and also of the approach taken by the US. LSEG representatives will share the relevant
documents as a follow-up with the Commission team.
Directorate or unit
FISMA.C.4
Internal participants
FISMA C/4
Participant,
Requested for
FISMA C/4
Participant
FISMA C/4
Participant
FISMA C/4
Notetaker,
Participant
Author(s) of minutes
and validation date
Electronically signed on 23/09/2022 09:10 (UTC+02) in accordance with Article 11 of Commission Decision (EU) 2021/2121