The European Regulation (EU) 2019/2088 on sustainability-related disclosure requirements in the financial services sector, known as the Sustainable Finance Disclosure Regulation (SFDR), mandates financial market participants and financial advisors in the EU to disclose how sustainability risks are integrated and how adverse sustainability impacts are considered in their investment processes.
As of 2024–2025, the SFDR has evolved through several key updates and clarifications issued by the European Supervisory Authorities (ESAs). These include refined definitions for principal adverse impact (PAI) indicators and clearer guidance on the use of financial and sustainability KPIs in disclosures. SFDR is an important milestone in the EU Commission’s Action Plan on Sustainable Finance. This regulation aims to provide greater transparency on the degree of sustainability of financial products in order to channel investment flows towards truly sustainable investments while preventing greenwashing.
The cornerstone of the SFDR is the principle of double materiality: financial as well as sustainability, making it easier for end-investors to understand how ESG and sustainability factors are considered and integrated into their investments.
As responsible investment practices continue to evolve, SFDR adapts to emerging risks, shifting public expectations, and new market standards, reinforcing its role as a dynamic framework for sustainable finance.
Sustainability is an integral part of BIL’s Investment strategy and processes.
Lionel de Broux
Chief Investment Officer
“It is our belief that responsible investment is simply the right way to go, making the world more resilient, without sacrificing financial returns.”
Alessandra Simonelli
Head of Sustainable Development
“At BIL, we believe that sustainable and responsible investment is not hype, it’s a prerequisite for the future.”
Murielle Wuidar
Head of Insurance Activities
“As an insurance broker and financial adviser, BIL is subject to enhanced sustainability-related disclosure obligations under the SFDR, which complement the broader reporting requirements introduced by the CSRD”
