Summary
The document is a guide detailing the European ESG Template (EET), which is designed to standardize the exchange of environmental, social, and governance (ESG) data among investment funds in compliance with European financial markets legislation. It outlines the requirements set by regulations such as the Markets in Financial Instruments Directive (MiFID), Insurance Distribution Directive (IDD), Sustainable Finance Disclosure Regulation (SFDR), and EU Taxonomy. The EET facilitates the collection of over 600 data items necessary for compliance, including manufacturer information and principal adverse impact data. The guide also describes how investment firms and financial product advisors can utilize this data to screen for funds that align with clients' sustainability preferences. It emphasizes the importance of enhanced disclosures that came into effect in January 2023, which require funds to provide detailed information regarding their sustainability practices. Additionally, it mentions the availability of this data through Refinitiv's various platforms.
