Sustainable Finance Package

What next for Taxonomy, NFRD and MiFID II/UCITS/AIFMD/Insurance ESG amendments

As you may have seen, a number of ESG publications were released – in particular, we have the more or less final version of the Taxonomy screening criteria for climate change and the ESG rules amending current MiFID II / UCITS / AIFMD / Insurance regimes.

Please view our alert that draws together all the various publications, headlines their key points and explains the timing associated with them.  

In particular, there have been a few unhelpful developments in the MiFID II / insurance suitability context, which we explain.

The European authorities have also published the following overview documents that explain how all these developments link together and their future ambitions in the ESG space:

• Factsheet: EU sustainable finance: April package (  

• Communication on EU taxonomy, corporate sustainability reporting, sustainability preferences and fiduciary duties: Directing finance towards the European Green Deal (