Review of Sustainable Finance Disclosure Regulation (SFDR): Key points for consumers

Across Europe, consumers want to save and invest their money sustainably, taking climate action while saving for the future in line with their values. However, the current rules for sustainable investment are very weak, allowing so-called ‘green’ products to invest in harmful activities like coal mining or oil drilling. Consumers end up being misled about their investment, which may be doing more harm than good when it comes to tackling climate change.

BEUC welcomes the significant improvements introduced by the European Commission’s proposal to review the SFDR. The changes go a long way to matching the expectations that consumers have for sustainable investments (see BEUC’s survey on greenwashing here). However, more work is needed to protect consumers.