Green Finance
EU Sustainable Finance Disclosure Regulation (SFDR)
Mastering sustainability disclosure obligations for financial market participants
About this course
Why this course exists
A comprehensive course on the EU SFDR — the regulation requiring financial market participants and advisers to disclose how they integrate sustainability risks and impacts. Covers entity-level disclosures, product-level classifications (Article 6, 8, 9), PAI indicators, and regulatory technical standards.
What you will learn
After this course you will be able to
- Classify a financial product as Article 6, Article 8, or Article 9 with confidence
- Disclose principal adverse impact (PAI) indicators using the right templates
- Build the website and pre-contractual disclosures that SFDR requires for each tier
- Avoid greenwashing claims that ESMA has flagged in recent supervisory notes
Course content
7 modules · 30 lessons
Walk through the modules in order or jump to a specific lesson. Each lesson is a real chapter you can open and start reading immediately.
Module 1·4 lessons
Introduction to SFDR
Origins, scope, and regulatory context
- 0.17 min read
What is SFDR and Why It Matters
SFDR Regulation (EU) 2019/2088, Recitals 1-12
- 0.27 min read
Who Must Comply — Scope and Definitions
SFDR Art. 2, Art. 3
- 0.37 min read
Timeline and Implementation History
SFDR Art. 20; RTS 2022/1288
- 0.48 min read
The SFDR Ecosystem — Regulators and Key Players
SFDR Art. 14; ESMA Q&As
Module 2·4 lessons
Entity-Level Disclosures
What firms must publish at the organisational level
- 1.19 min read
Sustainability Risk Policies (Article 3)
SFDR Art. 3; EC FAQ Q1-Q5
- 1.28 min read
Principal Adverse Impacts at Entity Level (Article 4)
SFDR Art. 4; RTS 2022/1288 Annex I
- 1.36 min read
Remuneration Policies (Article 5)
SFDR Art. 5; EC FAQ Q12-Q15
- 1.47 min read
Website Disclosure Requirements
SFDR Art. 3-5; ESMA Q&As Section I
Module 3·4 lessons
Product-Level Classification
Article 6, 8, and 9 product categories
- 2.17 min read
Article 6 — Mainstream Products
SFDR Art. 6; EC FAQ Q16-Q20
- 2.27 min read
Article 8 — Products Promoting E/S Characteristics
SFDR Art. 8; RTS 2022/1288 Annex II-III
- 2.38 min read
Article 9 — Sustainable Investment Products
SFDR Art. 9; RTS 2022/1288 Annex IV-V
- 2.48 min read
Reclassification and Boundary Cases
ESMA Q&As Section II; EC FAQ Q21-Q30
Module 4·5 lessons
Principal Adverse Impacts (PAI)
Measuring and reporting negative sustainability effects
- 3.18 min read
Understanding PAI — Concept and Mandatory Indicators
SFDR Art. 7; RTS 2022/1288 Annex I Table 1
- 3.28 min read
Environmental PAI Indicators — Calculation Methods
RTS 2022/1288 Annex I Tables 1-2
- 3.38 min read
Social and Governance PAI Indicators
RTS 2022/1288 Annex I Tables 3-4
- 3.47 min read
Optional PAI Indicators and Due Diligence
RTS 2022/1288 Annex I Table 2; Art. 4
- 3.57 min read
PAI Statement — Content, Format, and Timing
RTS 2022/1288 Art. 4-7; Annex I
Module 5·5 lessons
Regulatory Technical Standards
Templates and detailed rules from the RTS
- 4.17 min read
Overview of the RTS Framework (2022/1288)
RTS 2022/1288 Art. 1-12
- 4.27 min read
Pre-Contractual Disclosures — Article 8 Templates
RTS 2022/1288 Art. 22-25; Annex II-III
- 4.37 min read
Pre-Contractual Disclosures — Article 9 Templates
RTS 2022/1288 Art. 26-29; Annex IV-V
- 4.47 min read
Periodic Reporting Requirements
RTS 2022/1288 Art. 50-60; Annex VI-IX
- 4.57 min read
EU Taxonomy Alignment Disclosures
RTS 2022/1288 Art. 50-51; EC FAQ Q35-Q42
Module 6·4 lessons
Compliance and Supervisory Guidance
ESMA Q&As, EC clarifications, and practical application
- 5.17 min read
Key Clarifications from ESMA Q&As
ESMA Consolidated SFDR Q&As
- 5.27 min read
European Commission FAQ — Interpretive Guidance
EC SFDR FAQ April 2023
- 5.36 min read
Greenwashing Risks and Common Pitfalls
ESMA Q&As; EC FAQ; ESMA Greenwashing Report
- 5.47 min read
Building a SFDR Compliance Framework
RTS 2022/1288; ESMA Q&As
Module 7·4 lessons
SFDR 2.0 — The Proposed Overhaul
From disclosure regime to product categorisation
- 6.17 min read
Why SFDR 2.0? Problems with the Current Framework
EC COM(2025) 841 final, Recitals; EC 2023 Consultation Summary
- 6.29 min read
The New Product Categories: Articles 7, 8, and 9
EC COM(2025) 841 final, Articles 6a-9a
- 6.38 min read
What Changes: PAI, Disclosures, Scope, and Naming
EC COM(2025) 841 final, Articles 3-5, 10-12
- 6.410 min read
Preparing for SFDR 2.0: Timeline, Impact, and Action Plan
EC COM(2025) 841 final; Sustainalytics Impact Analysis; ESAs Joint Opinion JC/2024/06
Continue your path
This course is part of 1 curated path
Each path is a sequence of five courses designed to take a practitioner from first principles to defensible output. Pick one to see where this course fits.