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EU Sustainable Finance Action Plan Resources

Sustainalytics research on what the EU Action Plan means for investors

european union

The EU Sustainable Finance Action Plan is the EU’s strategy for sustainable finance and is part of the implementation plan of Article 2(1)(c) of the Paris Agreement and the UN 2030 Agenda for Sustainable Development. It aims to:

sustainable investments

Reorient capital flows towards sustainable investments in order to achieve sustainable and inclusive growth 


Manage financial risks stemming from climate change, resource depletion, environmental degradation and social issues 


Foster transparency and long-termism in financial and economic activity

Sustainalytics’ research aligns with the following three components of the EU Action Plan:

EU Benchmark

EU Taxonomy


EU Benchmarks

Sustainable Finance Regulation

Sustainable Finance Disclosure Regulation

To aid investors’ thinking on the upcoming EU Action Plan regulations, Sustainalytics’ dedicated Resource Center brings together our research-based insights on these three components. This page will be regularly updated with new insights. We hope you find it useful.

Please contact us if you have any questions or want to learn how Sustainalytics can help you comply with the EU Action Plan regulations.

Featured Content

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Driving ESG Transparency: Exploring the Role of Taxo4 in the EU Taxonomy

The expanded environmental classifications in the EU Taxonomy, known as Taxo4, marks a step forward for investors seeking sustainable investments. Read on to learn what the new criteria cover and why it matters to investors.

ESG Policy Perspective: Regulatory Developments from Across the Globe

ESG Policy Perspective provides investors with an overview of the most recent regulatory developments across the globe on regular bases. In our first publication, we examine the evolving taxonomy frameworks across APAC, UK and EU regions and upcoming disclosure requirements for investors.

Sustainable Investments: The Asset Manager’s Handbook for EU Interpretation and Implementation

Sustainable Investments: The Asset Manager’s Handbook for EU Interpretation and Implementation

This ebook looks at why the current definition of sustainable investments causes confusion and how sustainable finance can be practically interpreted and implemented by asset managers in the EU.


EU Action Plan Q1 Updates: SFDR Review and Investor’s Challenges

In this webinar, we will take a look at the evolution of sustainable funds in the first quarter of 2023, and review fund flows into Article 8 & 9 funds. We will then explore the latest regulatory updates around the EU Action Plan and the discussions around ESG labelling. Our speakers will discuss the different approaches of disclosures versus labelling and the benefits and shortcomings of each for combatting greenwashing.

Webinars and Videos

Morningstar and Sustainalytics’ policy and regulatory experts are hosting a series of webinars to help our clients navigate the complexities of the EU Action Plan and related regulations.

EU AP webinar


In this webinar, we will take a look at the evolution of sustainable funds in the first quarter of 2023, and review fund flows into Article 8 & 9 funds.

Sustainable Investments: Definition, Key Components and Current Approaches

The term "sustainable investments," as defined in the European Union’s Sustainable Finance Disclosure Regulation (SFDR), is a key concept in the EU Action Plan for Sustainable Finance. However, the definition of what is a sustainable investment is unclear, leaving asset managers to use their own approaches. In our video, Anne Schoemaker, Director of ESG product at Morningstar Sustainalytics, answers the most frequent questions about sustainable investments, including the definition, different approaches, and what investors can expect from the European Commission in 2023.

Sustainable investments

Thought Leadership Insights

Filling in the Data Gaps: The Current State of Reporting on Principal Adverse Impacts Disclosures for the SFDR

In this blog we take a closer look at trends in data availability and reporting across mandatory and voluntary PAIs, and how investors can address their data gaps.

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EU's Iterative Approach to Sustainable Finance Regulations Isn't Perfect, But It's a Good Start

The EU Action Plan for Sustainable Finance has kept the European investment market busy over the past year. In this blog post, we highlight the merits that we see in the EU regulatory package. While not perfect, the regulation is a good start.

Two people face each other working at a desk

On the Path to Compliance: An EU Action Plan Timeline

As the EU Action Plan’s legislative framework is being formalized and implemented, many investment firms may still need clarity on its regulations and terminology. In this blog, we demystify 10 key terms to help you better understand the EU Action Plan.

EU Flag waving against the background of a blue sky

The EU Action Plan on Financing Sustainable Growth: Twelve Essential Questions Answered for Investors

Learn what the EU Action Plan is, its objectives, and the importance of taking immediate action to comply with its various regulations including the EU Taxonomy Regulation, Sustainable Finance Disclosure Regulation, and the EU Benchmarks Regulation.

EU Taxonomy in Limbo - Reporting Alignment of Article 8 and 9 Funds in 2022

For observers of the EU’s Sustainable Finance Strategy, 2022 kicked off with a crack and a bang as the European Commission went ahead with plans to include natural gas and nuclear-related activities as potentially sustainable under their ‘Green Taxonomy’. However, in midst of this furor, seemingly less attention has been paid to other components of the regulation that have quietly taken effect from the 1st of January 2022, presenting their own set of challenges.

SFDR EU taxonomy

SFDR and EU Taxonomy Product Disclosure Rules Finally Released

The publication of these rules marks the end of a prolonged period of uncertainty in the market around final rules and timelines - assuming the RTS will be adopted as-is in a Delegated Act, which turns these rules into regulation. There are several noteworthy aspects to these rules, which we address from our perspective in this article.

EU Taxonomy Update

Sustainalytics Weighs in on EU Taxonomy’s State of Flux

On May 7th, the European Commission published draft rules on how corporates and financial institutions should report on their alignment with the EU Taxonomy. The draft rules are laid out in a very technical document and not an easy read. This might explain why certain changes with significant impact on timelines and scope of the EU Taxonomy Regulation have flown under the radar of media and investors. Some of the impacts even escaped the attention of financial market participants responding to the consultation on the rules.

EU Taxonomy

New Draft Disclosure Rules Change Timelines and Scope of EU Taxonomy

In recent months, a lot has been said and written about the EU Taxonomy, the green classification system of economic activities that aims to drive capital flows to sustainable investments supporting the EU’s policy goals on climate and the environment. Political, corporate, and civil society lobbying reached its peak when the EU published draft rules last December, which deviated substantially from expert recommendations. However, the latest draft delegated act with rules on Taxonomy reporting published by the European Commission on May 7th has received far less attention even though some of the proposed changes affect the practical implementation timelines as well as the scope and ambition of the regulation.

Morningstar Sustainalytics Solutions

Sustainalytics is committed to helping investors comply with EU Action Plan regulations. We currently offer a Benchmark mapping service for the Benchmark Regulation and a Taxonomy data service for the Taxonomy Regulation. To learn more, visit our EU Action Plan solutions page.


Regulatory Updates

Sign up to receive Morningstar’s International Regulatory Watch Newsletter (Note: Link directs to Morningstar’s website). Read a round-up of releases over the last quarter from regulators around the globe on a range of topics from fund pricing to disclosure to new market studies.