The application of the RTS on the disclosure regulation have been further deferred to 1 January 2023. On 8 July 2021, the European Commission announced that all RTS relating to the Disclosure Regulation will be consolidated and only apply from 1 July 2022 onwards. On 25 November 2021, the European Commission further announced that the entry into force of those RTS shall be deferred to 1 January 2023. On those grounds, the European Commission also clarified that disclosure requirements under Art. 4 Disclosure Regulation (if applicable) on principal adverse impacts (PAI) only need to be complied with by 30 June 2023, i.e. the first reference period under the regulatory technical standards will be 1 January 2022 to 31 December 2022.
Read more about the European "Green Deal" and regulatory requirements on sustainability in our trends section: "About ESG".