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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

Sustainable Finance Disclosure Regulation: An Industry Game-changer

In recent months, the Sustainable Finance Disclosure Regulation (SFDR) has been sparking almost as much debate as the EU Taxonomy – both cornerstone regulations of the EU Sustainable Finance Action Plan. With the SFDR set to redefine ESG disclosures and make a significant impact on financial market participants in Europe, the short timeline and ambiguity on several vital details are creating confusion and concern in the industry. The risk of organizations not being able to comply in time is still present, despite the announced delay in timelines for the technical standards, as is the risk of high financial and operational costs for the industry.

EU Sustainable Finance Action Plan: Final Taxonomy Report Published and Other Developments

The highly anticipated final report by the TEG (Technical Expert Group) on the EU Taxonomy was published in early March, followed by a stakeholder information session. You can read our blog post on last fall’s developments here.

EU Action Plan - Benchmark Guidance

Understand how Sustainalytics' research and data can assist benchmark administrators in implementing the EU Climate Transition Benchmarks and EU Paris-aligned Benchmarks.

EU Action Plan Guidance Document

The proposed Taxonomy is a classification tool to help investors and companies make informed investment decisions on environmentally friendly economic activities. It is a list of economic activities, which defines performance criteria for six environmental objectives.

Sustainable Finance and the EU Taxonomy: Developments from the Trilateral Negotiations

As global leaders meet in Madrid for the COP25 amid mounting concern over the international response to climate change, the EU Taxonomy experienced a setback with the UK and France blocking the plans. The new framework, intended to drive financial flows that will accelerate the shift to a low carbon future, will likely become a global standard affecting investors around the world. If enacted, it could cement the EU’s position as the world’s pace setter on climate legislation.


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.