This text is meant purely as a documentation tool and has no legal effect. The Union's institutions do not assume any liability  
for its contents. The authentic versions of the relevant acts, including their preambles, are those published in the Official 
Journal of the European Union and available in EUR-Lex. Those official texts are directly accessible through the links 
embedded in this document  
►B ►C1 COMMISSION DELEGATED REGULATION (EU) 2022/...  
of 6 April 2022  
supplementing Regulation (EU) 2019/2088 of the European Parliament and of the Council with 
regard to regulatory technical standards specifying the details of the content and presentation of 
the information in relation to the principle of ‘do no significant harm’, specifying the content, 
methodologies and presentation of information in relation to sustainability indicators and adverse 
sustainability impacts, and the content and presentation of the information in relation to the 
promotion of environmental or social characteristics and sustainable investment objectives in 
pre-contractual documents, on websites and in periodic reports  
(Text with EEA relevance) ◄ 
(OJ L 196, 25.7.2022, p. 1)  
Corrected by:  
►C1 Corrigendum, OJ L 332, 27.12.2022, p. 1 (2022/1288)  02022R1288 — EN — 25.07.2022 — 000.001 — 1
02022R1288 — EN — 25.07.2022 — 000.001 — 2  
▼C1 
COMMISSION DELEGATED REGULATION (EU) 2022/...  
of 6 April 2022  
supplementing Regulation (EU) 2019/2088 of the European 
Parliament and of the Council with regard to regulatory technical 
standards specifying the details of the content and presentation of 
the information in relation to the principle of ‘do no significant 
harm’, specifying the content, methodologies and presentation of 
information in relation to sustainability indicators and adverse 
sustainability impacts, and the content and presentation of the 
information in relation to the promotion of environmental or 
social characteristics and sustainable investment objectives in pre- 
contractual documents, on websites and in periodic reports  
(Text with EEA relevance)  
CHAPTER I  
DEFINITIONS AND GENERAL PROVISIONS  
Article 1  
Definitions  
For the purposes of this Regulation, the following definitions apply:  
(1) ‘financial undertaking’ means an AIFM as defined in Article  4(1), point 
(b), of Directive 2011/61/EU of the European Parliament and of the 
Council (  1 ), a management company as defined in Article 2(1), point 
(b), of Directive 2009/65/EC of the European Parliament and of the 
Council (  2 ), an investment company authorised in accordance with 
Articles 27, 28 and 29 of Directive 2009/65/EC that has not des ignated 
for its management a management company authorised in accordanc e 
with Articles 6, 7 and 8 of that Directive, a credit institutio n as defined in 
Article 4(1), point (1), of Regulation (EU) No 575/2013 of the 
European Parliament and of the Council (  3 ), an investment firm as 
defined in Article 4(1), point (2), of Regulation (EU) No 575/2 013, 
an insurance undertaking as defined in Article 13, point (1), o f Directive 
2009/138/EC of the European Parliament and of the Council (  4 ), a 
reinsurance undertaking as defined in Article 13, point (4), of  ▼B 
( 1 ) Directive 2011/61/EU of the European Parliament and of the Co uncil of 
8 June 2011 on Alternative Investment Fund Managers and amendin g 
Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 10 60/2009 
and (EU) No 1095/2010 (OJ L 174, 1.7.2011, p. 1). 
( 2 ) Directive 2009/65/EC of the European Parliament and of the Co uncil of 
13 July 2009 on the coordination of laws, regulations and admin istrative 
provisions relating to undertakings for collective investment i n transferable 
securities (UCITS) (OJ L 302, 17.11.2009, p. 32). 
( 3 ) Regulation (EU) No 575/2013 of the European Parliament and of  the Council 
of 26 June 2013 on prudential requirements for credit instituti ons and 
amending Regulation (EU) No 648/2012 (OJ L 176, 27.6.2013, p. 1 ). 
( 4 ) Directive 2009/138/EC of the European Parliament and of the C ouncil of 
25 November 2009 on the taking-up and pursuit of the business o f 
Insurance and Reinsurance (Solvency II) (OJ L 335, 17.12.2009, p. 1).
 02022R1288 — EN — 25.07.2022 — 000.001 — 3  
Directive 2009/138/EC, or any third country entity that carries  out 
similar activities, is subject to the laws of a third country a nd is 
supervised by a third-country supervisory authority;  
(2) ‘non-financial undertaking’ means an undertaking that is no t a 
financial undertaking as defined in point (1);  
(3) ‘sovereign exposure’ means an exposure to central governmen ts, 
central banks and supranational issuers;  
(4) ‘environmentally sustainable economic activity’ means an ec onomic 
activity that complies with the requirements laid down in Artic le 3 
of Regulation (EU) 2020/852;  
(5) ‘transitional economic activity’ means an economic activity  that 
complies with the requirements laid down in Article 10(2) of Re gu­
lation (EU) 2020/852;  
(6) ‘enabling economic activity’ means an economic activity tha t 
complies with the requirements laid down in Article 16 of Regu­
lation (EU) 2020/852.  
Article 2  
General principles for the presentation of information  
1. Financial market participants and financial advisers shall p rovide 
the information required by this Regulation free of charge and in a 
manner that is easily accessible, non-discriminatory, prominent , 
simple, concise, comprehensible, fair, clear and not misleading . 
Financial market participants and financial advisers shall pres ent and 
lay out the information required by this Regulation in a way th at is 
easy to read, use characters of readable size and use a style t hat 
facilitates its understanding. Financial market participants ma y adapt 
size and font type of characters and colours used in the templa tes set 
out in Annexes I to V to this Regulation.  
2. Financial market participants and financial advisers shall p rovide 
the information required by this Regulation in a searchable ele ctronic 
format, unless otherwise required by the sectoral legislation r eferred to 
in Article 6(3) and Article 11(2) of Regulation (EU) 2019/2088.  
3. Financial market participants and financial advisers shall k eep the 
information published on their websites in accordance with this  Regu­
lation up to date. They shall clearly mention the date of publi cation of 
the information and the date of any update. Where that informat ion is 
presented as a downloadable file, financial market participants  and 
financial advisers shall indicate the version history in the fi le name.  
4. Financial market participants and financial advisers shall p rovide, 
where available, legal entity identifiers (LEIs) and internatio nal securit­
ies identification numbers (ISINs) when referring to entities o r financial 
products in the information provided in accordance with this Re gulation.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 4  
Article 3  
Reference benchmarks with basket indexes  
Where an index designated as a reference benchmark is made up o f a 
basket of indexes, financial market participants and financial advisers 
shall provide the information relating to that index in respect  of that 
basket and of each index in that basket.  
CHAPTER II  
TRANSPARENCY ABOUT ADVERSE IMPACTS ON SUSTAINABILITY 
FACTORS  
SECTION 1  
Financial market participants  
Article 4  
Statement by financial market participants that they do consider 
principal adverse impacts of their investment decisions on 
sustainability factors  
1. By 30 June each year, the financial market participants refe rred to 
in Article 4(1), point (a), of Regulation (EU) 2019/2088, or Ar ticle 4(3) 
or Article 4(4) of that Regulation, shall publish on their webs ite, in a 
separate section titled: ‘Statement on principal adverse impact s of 
investment decisions on sustainability factors’, the informatio n 
referred to in Article 4(1), point (a), of Regulation (EU) 2019 /2088, 
in Article 4(2), (3) and (4) of that Regulation, and in Article s 4 to 10 
of this Regulation. That information shall cover the period of 1 January 
until 31 December of the preceding year, and shall be published  in the 
section ‘Sustainability-related disclosures’ referred to in Art icle 23 of 
this Regulation.  
2. Financial market participants shall publish the statement re ferred 
to in paragraph 1 in the format of the template set out in Tabl e 1 of 
Annex I.  
3. By way of derogation from paragraph 1, for financial market 
participants that publish the statement referred to in Article 4(1), point 
(a), of Regulation (EU) 2019/2088, or Article 4(3) or Article 4 (4) of that 
Regulation for the first time, the information referred to in p aragraph 1 
shall cover the period from the date on which the principal adv erse 
impacts of investment decisions on sustainability factors were first 
considered until 31 December of that year. Those financial mark et 
participants shall publish the information in the statement ref erred to 
in paragraph 1 by 30 June of the following year.  
Article 5  
Summary section  
In the summary section in Table 1 of Annex I, financial market 
participants shall include all of the following:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 5  
(a) the name of the financial market participant to which the a dverse 
sustainability impacts statement relates;  
(b) the fact that principal adverse impacts on sustainability f actors are 
considered;  
(c) the reference period of the statement;  
(d) a summary of the principal adverse impacts.  
The summary section in Table 1 of Annex I shall be drafted in a ll of the 
following languages:  
(a) one of the official languages of the home Member State of t he 
financial market participant and, where different, in an additi onal 
language customary in the sphere of international finance;  
(b) where a financial product of the financial market participa nt is made 
available in a host Member State, one of the official languages  of 
that host Member State.  
The summary section shall be of a maximum length of two sides o f A4- 
sized paper when printed.  
Article 6  
Description of the principal adverse impacts of investment decisions 
on sustainability factors  
1. In the section ‘Description of the principal adverse impacts  on 
sustainability factors’ in Table 1 of Annex I, financial market  
participants shall complete all the fields that relate to the i ndicators 
related to principal adverse impacts of their investment decisi ons on 
sustainability factors, and they shall add all of the following : 
(a) information on one or more additional climate and other 
environment-related indicators, as set out in Table 2 of Annex I; 
(b) information on one or more additional indicators for social  and 
employee matters, respect for human rights, anti-corruption and  
anti-bribery matters, as set out in Table 3 of Annex I;  
(c) information on any other indicators used to identify and as sess 
additional principal adverse impacts on a sustainability factor . 
2. In the section ‘Description of the principal adverse impacts  on 
sustainability factors’ in Table 1 of Annex I, financial market  
participants shall describe the actions taken during the period  from 1 
January to 31 December of the preceding year and actions planne d or 
targets set for the subsequent period from 1 January to 31 Dece mber to 
avoid or reduce the principal adverse impacts identified.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 6  
3. Financial market participants shall include in the columns ‘ Impact’ 
in the section ‘Description of the principal adverse impacts on  sustain­
ability factors’ in Table 1 of Annex I a figure on impact as th e average 
of impacts on 31 March, 30 June, 30 September and 31 December o f 
each period from 1 January to 31 December.  
Article 7  
Description of policies to identify and prioritise principal adverse 
impacts of investment decisions on sustainability factors  
1. In the section ‘Description of policies to identify and prio ritise 
principal adverse impacts on sustainability factors’ in Table 1  of 
Annex I, financial market participants shall describe their pol icies to 
identify and prioritise principal adverse impacts on sustainabi lity 
factors and how those policies are kept up to date and applied,  
including all of the following:  
(a) the date on which the governing body of the financial marke t 
participant approved those policies;  
(b) how the responsibility for the implementation of those poli cies 
within organisational strategies and procedures is allocated;  
(c) the methodologies to select the indicators referred to in A rticle 6(1), 
points (a), (b) and (c), and to identify and assess the princip al 
adverse impacts referred to in Article 6(1), and in particular an 
explanation of how those methodologies take into account the pr ob­
ability of occurrence and the severity of those principal adver se 
impacts, including their potentially irremediable character;  
(d) any associated margin of error within the methodologies ref erred to 
in point (c) of this paragraph, with an explanation of that mar gin; 
(e) the data sources used.  
2. Where information relating to any of the indicators used is not 
readily available, financial market participants shall include in the 
section ‘Description of policies to identify and prioritise pri ncipal 
adverse impacts on sustainability factors’ in Table 1 of Annex I 
details of the best efforts used to obtain the information eith er 
directly from investee companies, or by carrying out additional  
research, cooperating with third party data providers or extern al 
experts or making reasonable assumptions.  
Article 8  
Engagement policies section  
1. In the section ‘Engagement policies’ in Table 1 of Annex I, 
financial market participants shall provide all of the followin g 
information:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 7  
(a) where applicable, brief summaries of the engagement policie s 
referred to in Article 3g of Directive 2007/36/EC of the Europe an 
Parliament and of the Council (  5 ); 
(b) brief summaries of any other engagement policies to reduce 
principal adverse impacts.  
2. The brief summaries referred to in paragraph 1 shall describ e all of 
the following:  
(a) the indicators for adverse impacts considered in the engage ment 
policies referred to in paragraph 1;  
(b) how those engagement policies will be adapted where there i s no 
reduction of the principal adverse impacts over more than one 
period reported on.  
Article 9  
References to international standards section  
1. In the section ‘References to international standards’ in Ta ble 1 of 
Annex I, financial market participants shall describe whether a nd to 
what extent they adhere to responsible business conduct codes a nd 
internationally recognised standards for due diligence and repo rting 
and, where relevant, the degree of their alignment with the obj ectives 
of the Paris Agreement.  
2. The description referred to in paragraph 1 shall contain 
information about all of the following:  
(a) the indicators used to consider the principal adverse impac ts on 
sustainability factors referred to in Article 6(1) that measure  the 
adherence or alignment referred to in paragraph 1;  
(b) the methodology and data used to measure the adherence or 
alignment referred to in paragraph 1, including a description o f 
the scope of coverage, data sources, and how the methodology 
used forecasts the principal adverse impacts of investee compan ies; 
(c) whether a forward-looking climate scenario is used, and, if  so, the 
name and provider of that scenario and when it was designed;  
(d) where no forward-looking climate scenario is used, an expla nation 
of why the financial market participant does consider forward- 
looking climate scenarios to be irrelevant.  ▼C1 
( 5 ) Directive 2007/36/EC of the European Parliament and of the Co uncil of 
11 July 2007 on the exercise of certain rights of shareholders in listed 
companies (OJ L 184, 14.7.2007, p. 17).
 02022R1288 — EN — 25.07.2022 — 000.001 — 8  
Article 10  
Historical comparison  
Financial market participants that have described the adverse i mpacts on 
sustainability factors for a period preceding the period for wh ich 
information is to be disclosed in accordance with Article 6 sha ll 
provide in the section ‘Description of principal adverse impact s on 
sustainability factors’ in Table 1 of Annex I a historical comp arison 
of the period reported on with the previous period reported on and, 
subsequently, with every previous period reported on up to the last 
five previous periods.  
SECTION 2  
Financial advisers  
Article 11  
Statement by financial advisers that they do consider in their 
insurance or investment advice principal adverse impacts on 
sustainability factors  
1. The financial advisers referred to in Article 2, point (11),  points 
(a) and (b), of Regulation (EU) 2019/2088 that apply Article 4( 5), point 
(a), of that Regulation shall publish the information referred to in 
Article 4(5), point (a), of that Regulation in a separate secti on of 
their website titled, ‘Statement on principal adverse impacts o f 
insurance advice on sustainability factors’.  
2. The financial advisers referred to in Article 2, point (11),  points 
(c) to (f), of Regulation (EU) 2019/2088 and apply Article 4(5) , point 
(a), of that Regulation shall publish the information referred to in 
Article 4(5), point (a), of that Regulation in a separate secti on of 
their websites titled, ‘Statement on principal adverse impacts of 
investment advice on sustainability factors’.  
3. The statement and information referred to in paragraphs 1 an d 2 
shall contain details on the process used by financial advisers  to select 
the financial products they advise on, including all of the fol lowing:  
(a) how the financial advisers use the information published by  
financial market participants pursuant to this Regulation;  
(b) whether the financial advisers rank and select financial pr oducts 
based on the indicators listed in Table 1 of Annex I and any 
additional indicators and, where applicable, a description of t he 
ranking and selection methodology used;  
(c) any criteria or thresholds based on the principal adverse i mpacts 
listed in Table 1 of Annex I that are used to select, or advise  on, 
financial products.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 9  
SECTION 3  
Statement by financial market participants that they do not consider 
adverse impacts of investment decisions on sustainability factors, and 
statement by financial advisers that they do not consider adverse 
impacts of investment decisions on sustainability factors in their 
investment or insurance advice  
Article 12  
Statement by financial market participants that they do not 
consider adverse impacts of their investments decisions on 
sustainability factors  
1. Financial market participants referred to in Article 4(1), p oint (b), 
of Regulation (EU) 2019/2088 shall publish the information refe rred to 
in Article 4(1), point (b), of that Regulation in a separate se ction of their 
website titled ‘No consideration of adverse impacts of investme nt 
decisions on sustainability factors’.  
2. The statement referred to in paragraph 1 shall contain all o f the 
following:  
(a) a prominent statement that the financial market participant  does not 
consider any adverse impacts of its investment decisions on sus tain­
ability factors;  
(b) the reasons why the financial market participant does not c onsider 
any adverse impacts of its investment decisions on sustainabili ty 
factors and, where relevant, information on whether the financi al 
market participant intends to consider such adverse impacts by 
reference to the indicators listed in Table 1 of Annex I, and i f so, 
when.  
Article 13  
Statement by financial advisers that they do not consider adverse 
impacts of investment decisions on sustainability factors in their 
investment or insurance advice  
1. The financial advisers referred to in Article 2, point (11),  points 
(a) and (b), of Regulation (EU) 2019/2088 that apply Article 4( 5), point 
(b), of that Regulation shall publish the information referred to in 
Article 4(5), point (b), of that Regulation in a separate secti on of 
their website titled ‘No consideration of adverse impacts of in surance 
advice on sustainability factors’.  
2. The financial advisers referred to in Article 2, point (11),  points 
(c) to (f), of Regulation (EU) 2019/2088 that apply Article 4(5 ), point 
(b), of that Regulation shall publish the information referred to in 
Article 4(5), point (b), of that Regulation in a separate secti on of 
their website titled ‘No consideration of adverse impacts of in vestment 
advice on sustainability factors’.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 10  
3. The statement and information referred to in paragraphs 1 an d 2 
shall contain all of the following:  
(a) a prominent statement that the financial adviser does not c onsider 
any adverse impacts of investment decisions on sustainability 
factors in its investment or insurance advice;  
(b) the reasons why the financial adviser does not consider any  adverse 
impacts of investment decisions on sustainability factors in it s 
investment or insurance advice and, where relevant, information  
on whether the financial adviser intends to consider such adver se 
impacts by reference to the indicators listed in Table 1 of Ann ex I, 
and if so, when.  
CHAPTER III  
PRE-CONTRACTUAL PRODUCT DISCLOSURE  
SECTION 1  
Promotion of environmental or social characteristics  
Article 14  
Presentation by financial market participants of the pre-contractual 
information to be disclosed pursuant to Article 8(1), (2) and (2a) of 
Regulation (EU) 2019/2088  
1. Financial market participants shall present the information to be 
disclosed pursuant to Article 8(1), (2) and (2a) of Regulation (EU) 
2019/2088 in the format of the template set out in Annex II to this 
Regulation. That information shall be attached as an annex to t he 
documents or the information referred to in Article 6(3) of Reg ulation 
(EU) 2019/2088.  
2. Financial market participants shall include in the main body  of the 
documents or information referred to in Article 6(3) of Regulat ion (EU) 
2019/2088 a prominent statement that information about the envi ron­
mental or social characteristics is available in the annex to t hose 
documents or that information.  
3. Financial market participants shall provide at the beginning  of the 
annex to the documents or the information referred to in Articl e 6(3) of 
Regulation (EU) 2019/2088 all of the following information:  
(a) whether the financial product intends to make any sustainab le 
investments;  
(b) whether the financial product promotes environmental or soc ial 
characteristics, without having as its objective a sustainable 
investment.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 11  
Article 15  
Sustainable investment information in the asset allocation section 
for financial products that promote environmental characteristics  
1. For the financial products referred to in Article 6, first s ubpara­
graph, of Regulation (EU) 2020/852, financial market participan ts shall 
provide, in the section ‘To what minimum extent are sustainable  
investments with an environmental objective aligned with the EU  
Taxonomy?’ in the template set out in Annex II, all of the foll owing:  
(a) a graphical representation in the form of a pie chart of:  
(i) the degree to which the aggregated investments are investme nts 
in environmentally sustainable economic activities, as calculat ed 
in accordance with Article 17(1) to (4) of this Regulation;  
(ii) the degree to which the aggregated investments, excluding 
sovereign exposures, are investments in environmentally 
sustainable economic activities, as calculated in accordance 
with Article 17(5) of this Regulation;  
(b) a description of the investments underlying the financial p roducts 
that are in environmentally sustainable economic activities, 
including whether the compliance of those investments with the 
requirements laid down in Article 3 of Regulation (EU) 2020/852  
will be subject to an assurance provided by one or more auditor s or 
a review by one or more third parties and, if so, the name or t he 
names of the auditor or third party;  
(c) where the financial products invest in economic activities other than 
environmentally sustainable economic activities, a clear explan ation 
of the reasons for doing so;  
(d) where the financial products have sovereign exposures and t he 
financial market participant cannot assess the extent to which 
those exposures contribute to environmentally sustainable 
economic activities, a narrative explanation of the proportion in 
total investments of investments that consist of those exposure s. 
2. For the purposes of paragraph 1, point (a), financial market  
participants shall use:  
(a) the same key performance indicator for the aggregated inves tments 
in non-financial undertakings;  
(b) the same key performance indicator for the aggregated inves tments 
in the same type of financial undertakings.  
For insurance and reinsurance undertakings that carry out non-l ife 
underwriting activities, the key performance indicator may comb ine 
the investment and the underwriting key performance indicators in 
accordance with Article 6 of Delegated Regulation (EU) 2021/217 8. ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 12  
3. For the purposes paragraph 1, point (b), the description sha ll 
include all of the following:  
(a) in respect of investee companies that are non-financial und ertakings, 
whether the degree to which the investments are in environmenta lly 
sustainable economic activities is measured by turnover, or whe ther, 
due to the features of the financial product, the financial mar ket 
participant has decided that a more representative calculation is 
given when that degree is measured by capital expenditure or 
operating expenditure and the reason for that decision, includi ng 
an explanation of why that decision is appropriate for investor s in 
the financial product;  
(b) where information about the degree to which the investments  are in 
environmentally sustainable economic activities is not readily 
available from public disclosures by investee companies, detail s of 
whether the financial market participant obtained equivalent 
information directly from investee companies or from third part y 
providers;  
(c) a breakdown of the minimum proportions of investments in th e 
transitional economic activities and in the enabling economic a ctiv­
ities, in each case expressed as a percentage of all investment s of 
the financial product.  
Article 16  
Sustainable investment information in the asset allocation section 
for financial products that promote social characteristics  
For financial products that promote environmental or social cha racteris­
tics and that include a commitment in sustainable investments w ith a 
social objective, financial market participants shall include i n the section 
‘What is the asset allocation planned for this financial produc t?’ in the 
template set out in Annex II the minimum share of those sustain able 
investments.  
Article 17  
Calculation of the degree to which investments are in 
environmentally sustainable economic activities  
1. The degree to which investments are in environmentally 
sustainable economic activities shall be calculated in accordan ce with 
the following formula:  
market value of all investments of the financial product in environmentally sustainable economic activities 
market value of all investments of the financial product  
where ‘investments of the financial product in environmentally 
sustainable economic activities’ shall be the sum of the market  values 
of the following investments of the financial product:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 13  
(a) for debt securities and equities of investee companies, whe re a 
proportion of activities of those investee companies is associa ted 
with environmentally sustainable economic activities, the marke t 
value of that proportion of those debt securities or equities;  
(b) for debt securities other than those referred to in point ( a), where a 
proportion of the proceeds is required by the terms of those de bt 
securities to be used exclusively on environmentally sustainabl e 
economic activities, the market value of that proportion;  
(c) for bonds issued under Union legislation on environmentally  
sustainable bonds, the market value of those bonds;  
(d) for investments in real estate assets which qualify as envi ron­
mentally sustainable economic activities, the market value of 
those investments;  
(e) for investments in infrastructure assets which qualify as e nviron­
mentally sustainable economic activities, the market value of 
those investments;  
(f) for investments in securitisation positions as defined in A rticle 2, 
point (19), of Regulation (EU) 2017/2402 of the European 
Parliament and of the Council (  6 ) with underlying exposures in 
environmentally sustainable economic activities, the market val ue 
of the proportion of those exposures;  
(g) for investments in financial products as referred to in Art icle 5, first 
paragraph, and Article 6, first paragraph, of Regulation (EU) 
2020/852, the market value of the proportion of those financial  
products representing the degree to which investments are in en vi­
ronmentally sustainable economic activities, as calculated in 
accordance with this Article.  
The degree to which investments are into environmentally 
sustainable economic activities shall be calculated by applying  the 
methodology used to calculate net short positions laid down in 
Article 3(4) and (5) of Regulation (EU) No 236/2012 of the 
European Parliament and of the Council (  7 ). 
2. For the purposes of paragraph 1, point (a), the proportion o f 
activities of investee companies associated with environmentall y 
sustainable economic activities shall be calculated on the basi s of the 
most appropriate key performance indicators for the investments  of the 
financial product using the following information:  ▼C1 
( 6 ) Regulation (EU) 2017/2402 of the European Parliament and of t he Council of 
12 December 2017 laying down a general framework for securitisa tion and 
creating a specific framework for simple, transparent and stand ardised secu­
ritisation, and amending Directives 2009/65/EC, 2009/138/EC 
and 2011/61/EU and Regulations (EC) No 1060/2009 and (EU) No 64 8/2012 
(OJ L 347, 28.12.2017, p. 35). 
( 7 ) Regulation (EU) No 236/2012 of the European Parliament and of  the Council 
of 14 March 2012 on short selling and certain aspects of credit  default swaps 
(OJ L 86, 24.3.2012, p. 1).
 02022R1288 — EN — 25.07.2022 — 000.001 — 14  
(a) for the investee companies referred to in Article 8(1) and (2) of 
Regulation (EU) 2020/852, the disclosures made by those investe e 
companies in accordance with that Article;  
(b) for other investee companies, equivalent information obtain ed by 
the financial market participant directly from investee compani es 
or from third party providers.  
3. For the disclosures referred to in Article 15(1), point (a),  and 
Article 19(1), point (a), in the case of investee companies tha t are 
non-financial undertakings that are subject to the obligation t o publish 
non-financial information pursuant to Delegated Regulation (EU)  
2021/2178 and other non-financial undertakings that are not sub ject to 
that obligation, the calculation referred to in paragraph 2 sha ll use 
turnover as the same type of key performance indicator for all non- 
financial undertakings.  
4. By way of derogation from paragraph 3, where, due to the fea tures 
of the financial product, capital expenditure or operating expe nditure 
gives a more representative calculation of the degree to which an 
investment is into environmentally sustainable economic activit ies, the 
calculation may use the most appropriate of those two key perfo rmance 
indicators. In the case of investee companies that are financia l under­
takings subject to Article 8(1) of Regulation (EU) 2020/852 and  for 
other financial undertakings that are not subject to that oblig ation, the 
calculation referred to in paragraph 2 shall use the key perfor mance 
indicators referred to in Section 1.1, points (b) to (e), of An nex III to 
Delegated Regulation (EU) 2021/2178.  
5. For the disclosures referred to in Article 15(1), point (a)( ii), 
Article 19(1), point (a)(ii), Article 55(1), point (b)(iii) and  Article 62(1), 
point (b)(iii), paragraphs 1 to 4 of this Article shall apply, except that the 
sovereign exposures shall be excluded from the calculation of t he numerator 
and of the denominator of the formula contained in paragraph 1.  
SECTION 2  
Sustainable investment as objective  
Article 18  
Presentation by financial market participants of pre-contractual 
information for financial products to be disclosed pursuant to 
Article 9, paragraphs 1 to 4a, of Regulation (EU) 2019/2088  
1. Financial market participants shall present the information to be 
disclosed pursuant to Article 9(1) to (4a) of Regulation (EU) 2 019/2088 
and this Section in an annex to the document or the information  referred 
to in Article 6(3) of Regulation (EU) 2019/2088. They shall pre sent that 
information in the format of the template set out in Annex III to this 
Regulation.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 15  
2. Financial market participants shall include in the main body  of the 
document or the information referred to in Article 6(3) of Regu lation 
(EU) 2019/2088 a prominent statement that information about 
sustainable investment is available in the annex.  
3. Financial market participants shall include at the beginning  of the 
annex to the document or the information referred to in Article  6(3) of 
Regulation (EU) 2019/2088 a statement that the financial produc t has 
sustainable investment as its objective.  
Article 19  
Sustainable investment information for financial products with the 
objective of sustainable investment  
1. For the financial products referred to in Article 5, first p aragraph, 
of Regulation (EU) 2020/852, financial market participants shal l include 
in the section ‘What is the asset allocation and the minimum sh are of 
sustainable investments?’ in the template set out in Annex III all of the 
following information:  
(a) a graphical representation in the form of a pie chart:  
(i) in accordance with Article 15(1), point (a)(i), of this Reg ulation;  
(ii) in accordance with Article 15(1), point (a)(ii), of this R egu­
lation;  
(b) a description in accordance with Article 15(1), point (b), of this 
Regulation;  
(c) where the financial products invest in economic activities that 
contribute to an environmental objective and the economic activ ities 
are not environmentally sustainable economic activities, a clea r 
explanation of the reasons for doing so;  
(d) where the financial products have sovereign exposures and t he 
financial market participant cannot assess the extent to which 
those exposures contribute to environmentally sustainable 
economic activities, a narrative explanation of the proportion in 
total investments of investments that consist of those exposure s. 
2. For the purposes of paragraph 1, point (a), financial market  
participants shall apply Article 15(2).  
3. For the purposes of paragraph 1, point (b), financial market  
participants shall apply Article 15(3).  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 16  
4. For financial products that invest in an economic activity t hat 
contributes to a social objective, financial market participant s shall 
include in the section ‘What is the asset allocation and the mi nimum 
share of sustainable investments?’ in the template set out in A nnex III 
the minimum share of those investments.  
SECTION 3  
Financial products with investment options  
Article 20  
Financial products with one or more underlying investment options 
that qualify those financial products as financial products that 
promote environmental or social characteristics  
1. By way of derogation from Articles 14 to 17, where a financi al 
product offers investment options to the investor and one or mo re of 
those investment options qualify that financial product as a fi nancial 
product that promotes environmental or social characteristics, financial 
market participants shall insert in the main body of the docume nt or 
information referred to in Article 6(3) of Regulation (EU) 2019 /2088 a 
prominent statement confirming all of the following:  
(a) that the financial product promotes environmental or social  char­
acteristics;  
(b) that those environmental or social characteristics will onl y be met 
where the financial product invests in at least one of the inve stment 
options mentioned in the list referred to in paragraph 2, point  (a), of 
this Article and that at least one of those options is kept dur ing the 
holding period of the financial product;  
(c) that further information about those characteristics is ava ilable in the 
Annexes referred to in paragraph 3 of this Article or, where 
relevant, through the references referred to in paragraph 5 of this 
Article.  
2. The prominent statement referred to in paragraph 1 shall be 
accompanied by all of the following:  
(a) a list of the investment options referred to in paragraph 3 , presented 
in accordance with the categories of investment options referre d to 
in points (a), (b) and (c) of that paragraph;  
(b) the proportions of investment options within each of the ca tegories 
referred to in paragraph 3, points (a), (b) and (c), relative t o the total 
number of investment options offered by the financial product.  
3. Financial market participants shall provide all of the follo wing 
information in annexes to the document or information referred to in 
Article 6(3) of Regulation (EU) 2019/2088 for the following cat egories 
of investment options:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 17  
(a) for each investment option that qualifies as a financial pr oduct that 
promotes environmental or social characteristics, the informati on 
referred to in Articles 14 to 17 of this Regulation;  
(b) for each investment option that qualifies as a financial pr oduct that 
has sustainable investment as its objective, the information re ferred 
to in Articles 18 and 19 of this Regulation;  
(c) for each investment option that has sustainable investment as its 
objective and is not a financial product, information on the 
objective of sustainable investment.  
4. Financial market participants shall present the information referred 
to in paragraph 3, point (a), in the form of the template set o ut in Annex 
II and the information referred to in paragraph 3, point (b), i n the form 
of the template set out in Annex III.  
5. By way of derogation from paragraph 3, where a financial pro duct 
offers a range of investment options to the investor such that the 
information about those investment options cannot be provided i n 
annexes to the document or information referred to in Article 6 (3) of 
Regulation (EU) 2019/2088 in a clear and concise manner due to the 
number of annexes required, financial market participants may p rovide 
the information referred to in paragraph 3 of this Article by i ncluding in 
the main body of the document or information referred to in Art icle 6(3) 
of Regulation (EU) 2019/2088 references to the annexes to the 
disclosures required by the directives, regulations and nationa l 
provisions referred to in that paragraph where that information  can be 
found.  
Article 21  
Financial products with underlying investment options that all have 
sustainable investment as their objective  
1. By way of derogation from Articles 18 and 19, where a financ ial 
product offers investment options to the investor and those inv estment 
options all have sustainable investment as their objectives, fi nancial 
market participants shall confirm in a prominent statement in t he 
main body of the document or information referred to in Article  6(3) 
of Regulation (EU) 2019/2088 that the financial product has as its 
objective sustainable investment and that the information relat ed to 
that objective is available in the annexes to the document or i nformation 
referred to in Article 6(3) of Regulation (EU) 2019/2088 or, wh ere 
relevant, through the references referred to in paragraph 5 of this 
Article.  
2. The prominent statement referred to in paragraph 1 shall be 
accompanied by all of the following:  
(a) a list of the investment options referred to in paragraph 3  presented 
in accordance with the categories of investment options referre d to 
in points (a) and (b) of that paragraph;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 18  
(b) the proportions of each of the categories of investment opt ions 
referred to in paragraph 3, points (a) and (b), within each of 
those categories relative to the total number of investment opt ions 
offered by the financial product.  
3. Financial market participants shall provide all of the follo wing 
information in annexes to the document or information referred to in 
Article 6(3) of Regulation (EU) 2019/2088 for the following cat egories 
of investment options:  
(a) for each investment option that qualifies as a financial pr oduct that 
has sustainable investment as its objective, the information re ferred 
to in Articles 18 and 19 of this Regulation;  
(b) for each investment option that has sustainable investment as its 
objective and is not a financial product, the information on th e 
objective of sustainable investment.  
4. Financial market participants shall present the information referred 
to in paragraph 3, point (a), in accordance with the template s et out in 
Annex III.  
5. By way of derogation from paragraph 3, where a financial pro duct 
offers a range of investment options to the investor such that the 
information relating to those investment options cannot be prov ided in 
annexes to the document or information referred to in Article 6 (3) of 
Regulation (EU) 2019/2088 in a clear and concise manner due to the 
number of annexes required, financial market participants may p rovide 
the information referred to in paragraph 3 of this Article by i ncluding in 
the main body of the document or information referred to in Art icle 6(3) 
of Regulation (EU) 2019/2088 references to the annexes of the 
applicable disclosures required by directives, regulations and national 
provisions referred to in that paragraph where that information  can be 
found.  
Article 22  
Information on underlying investment options that have sustainable 
investment as their objective and are not themselves financial 
products  
The information on the objective of the sustainable investments  referred 
to in Article 20(3), point (c), and Article 21(3), point (b), s hall contain 
all of the following:  
(a) a description of the sustainable investment objective;  
(b) a list of the indicators used to measure the attainment of that 
sustainable investment objective;  
(c) a description of how the investments do not significantly h arm any 
of the sustainable investment objectives, including all of the 
following:  
(i) how the indicators for adverse impacts in Table 1 of Annex I 
and any relevant indicators in Tables 2 and 3 of that Annex, ar e 
taken into account;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 19  
(ii) whether the sustainable investment is aligned with the OEC D 
Guidelines for Multinational Enterprises and the UN Guiding 
Principles on Business and Human Rights, including the prin­
ciples and rights set out in the eight fundamental conventions 
identified in the Declaration of the International Labour Organ ­
isation on Fundamental Principles and Rights at Work and the 
International Bill of Human Rights.  
CHAPTER IV  
WEBSITE PRODUCT DISCLOSURE  
Article 23  
Website section for the disclosure of sustainability-related 
information about financial products  
Financial market participants shall, for each financial product , publish 
the information referred to in Article 10(1) of Regulation (EU)  
2019/2088 in a separate section titled, ‘Sustainability-related  disclos­
ures’, in the same part of their website as the other informati on 
relating to the financial product, including marketing communic ations. 
Financial market participants shall clearly identify the financ ial product 
to which the information in the sustainability-related disclosu re section 
relates and prominently display the environmental or social cha racteris­
tics or the sustainable investment objective of that financial product.  
SECTION 1  
Website product disclosure for financial products that promote 
environmental or social characteristics  
Article 24  
Sections of website product disclosure for financial products that 
promote environmental or social characteristics  
For financial products that promote environmental or social cha racter­
istics, financial market participants shall publish the informa tion referred 
to in Article 10(1) of Regulation (EU) 2019/2088 and Articles 2 5 to 36 
of this Regulation in the following order and made up of all of  the 
following sections titled:  
(a) ‘Summary’;  
(b) ‘No sustainable investment objective’;  
(c) ‘Environmental or social characteristics of the financial p roduct’;  
(d) ‘Investment strategy’;  
(e) ‘Proportion of investments’;  
(f) ‘Monitoring of environmental or social characteristics’;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 20  
(g) ‘Methodologies’;  
(h) ‘Data sources and processing’;  
(i) ‘Limitations to methodologies and data’;  
(j) ‘Due diligence’;  
(k) ‘Engagement policies’;  
(l) where an index is designated as a reference benchmark to at tain the 
environmental or social characteristics promoted by the financi al 
product, ‘Designated reference benchmark’.  
Article 25  
Website section ‘Summary’ for financial products that promote 
environmental or social characteristics  
1. In the website section ‘Summary’ referred to in Article 24, point 
(a), financial market participants shall summarise all the info rmation 
contained in the different sections referred to in that Article  about the 
financial products that promote environmental or social charact eristics. 
The summary section shall have a maximum length of two sides of  A4- 
sized paper when printed.  
2. The website section ‘Summary’ referred to in Article 24, poi nt (a), 
shall be provided in at least the following languages:  
(a) one of the official languages of the home Member State and,  where 
different and where the financial product is made available in more 
than one Member State, in an additional language customary in t he 
sphere of international finance;  
(b) where the financial product is made available in a host Mem ber 
State, one of the official languages of that host Member State.  
Article 26  
Website section ‘No sustainable investment objective’ for financial 
products that promote environmental or social characteristics  
1. In the website section ‘No sustainable investment objective’  
referred to in Article 24, point (b), financial market particip ants shall 
insert the following statement: “This financial product promote s envi­
ronmental or social characteristics, but does not have as its o bjective 
sustainable investment.”  
2. Where the financial product commits to making one or more 
sustainable investments, financial market participants shall in  the 
website section ‘No sustainable investment objective’ referred to in 
Article 24, point (b), explain how the sustainable investment d oes not 
significantly harm any of the sustainable investment objectives , 
including all of the following:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 21  
(a) how the indicators for adverse impacts in Table 1 of Annex I, and 
any relevant indicators in Tables 2 and 3 of that Annex I, are taken 
into account;  
(b) whether the sustainable investment is aligned with the OECD  
Guidelines for Multinational Enterprises and the UN Guiding Pri n­
ciples on Business and Human Rights, including the principles a nd 
rights set out in the eight fundamental conventions identified in the 
Declaration of the International Labour Organisation on Funda­
mental Principles and Rights at Work and the International Bill  of 
Human Rights.  
Article 27  
Website section ‘Environmental or social characteristics of the 
financial product’ for financial products that promote 
environmental or social characteristics  
In the website section ‘Environmental or social characteristics  of the 
financial product’ referred to in Article 24, point (c), financ ial market 
participants shall describe the environmental or social charact eristics that 
the financial products promotes.  
Article 28  
Website section ‘Investment strategy’ for financial products that 
promote environmental or social characteristics  
In the website section ‘Investment strategy’ referred to in Art icle 24, 
point (d), financial market participants shall describe all of the 
following:  
(a) the investment strategy used to meet the environmental or s ocial 
characteristics promoted by the financial product;  
(b) the policy to assess good governance practices of the inves tee 
companies, including with respect to sound management structure s, 
employee relations, remuneration of staff and tax compliance.  
Article 29  
Website section ‘Proportion of investments’ for financial products 
that promote environmental or social characteristics  
In the website section ‘Proportion of investments’ referred to in 
Article 24, point (e), financial market participants shall inse rt the 
information referred to in Article 14 and shall distinguish bet ween 
direct exposures in investee entities and all other types of ex posures 
to those entities.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 22  
Article 30  
Website section ‘Monitoring of environmental or social 
characteristics’ for financial products that promote environmental 
or social characteristics  
In the website section ‘Monitoring of environmental or social c haracter­
istics’ referred to in Article 24, point (f), financial market participants 
shall describe how the environmental or social characteristics promoted 
by the financial product and the sustainability indicators used  to 
measure the attainment of each of those environmental or social  charac­
teristics promoted by the financial product are monitored throu ghout the 
lifecycle of the financial product and the related internal or external 
control mechanisms.  
Article 31  
Website section ‘Methodologies for environmental or social 
characteristics’ for financial products that promote environmental 
or social characteristics  
In the website section ‘Methodologies for environmental or soci al char­
acteristics’ referred to in Article 24, point (g), financial ma rket 
participants shall describe the methodologies to measure how th e 
social or environmental characteristics promoted by the financi al 
product are met.  
Article 32  
Website section ‘Data sources and processing’ for financial products 
that promote environmental or social characteristics  
In the website section ‘Data sources and processing’ referred t o in 
Article 24, point (h), financial market participants shall desc ribe all of 
the following:  
(a) the data sources used to attain each of the environmental o r social 
characteristics promoted by the financial product;  
(b) the measures taken to ensure data quality;  
(c) how data are processed;  
(d) the proportion of data that are estimated.  
Article 33  
Website section ‘Limitations to methodologies and data’ for 
financial products that promote environmental or social 
characteristics  
In the website section ‘Limitations to methodologies and data’ referred 
to in Article 24, point (i), financial market participants shal l describe all 
of the following:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 23  
(a) any limitations to the methodologies referred to in Article  24, point 
(g), and to the data sources referred to in Article 24, point ( h); 
(b) how such limitations do not affect how the environmental or  social 
characteristics promoted by the financial product are met.  
Article 34  
Website section ‘Due diligence’ for financial products that promote 
environmental or social characteristics  
In the website section ‘Due diligence’ referred to in Article 2 4, point (j), 
financial market participants shall describe the due diligence carried out 
on the underlying assets of the financial product, including th e internal 
and external controls on that due diligence.  
Article 35  
Website section ‘Engagement policies’ for financial products that 
promote environmental or social characteristics  
In the website section ‘Engagement policies’ referred to in Art icle 24, 
point (k), financial market participants shall describe the eng agement 
policies implemented where engagement is part of the environmen tal or 
social investment strategy, including any management procedures  
applicable to sustainability-related controversies in investee companies.  
Article 36  
Website section ‘Designated reference benchmark’ for financial 
products that promote environmental or social characteristics  
1. In the website section ‘Designated reference benchmark’ refe rred 
to in Article 24, point (l), financial market participants shal l describe 
whether an index has been designated as a reference benchmark t o meet 
the environmental or social characteristics promoted by the fin ancial 
product, and how that index is aligned with the environmental o r 
social characteristics promoted by the financial product, inclu ding the 
input data, the methodologies used to select those data, the re balancing 
methodologies and how the index is calculated.  
2. Where part or all of the information referred to in paragrap h 1 is 
published on the website of the administrator of the reference 
benchmark, a hyperlink shall be provided to that information.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 24  
SECTION 2  
Website product disclosure for financial products that have 
sustainable investments as their objective  
Article 37  
Website product disclosure for financial products that have 
sustainable investments as their objective  
For financial products that have sustainable investments as the ir 
objective, financial market participants shall publish the info rmation 
referred to in Article 10(1) of Regulation (EU) 2019/2088 and 
Articles 38 to 49 of this Regulation in the following order and  made 
up of all of the following sections titled:  
(a) ‘Summary’;  
(b) ‘No significant harm to the sustainable investment objectiv e’; 
(c) ‘Sustainable investment objective of the financial product’ ; 
(d) ‘Investment strategy’;  
(e) ‘Proportion of investments’;  
(f) ‘Monitoring of sustainable investment objective’;  
(g) ‘Methodologies’;  
(h) ‘Data sources and processing’;  
(i) ‘Limitations to methodologies and data’;  
(j) ‘Due diligence’;  
(k) ‘Engagement policies’;  
(l) ‘Attainment of the sustainable investment objective’.  
Article 38  
Website section ‘Summary’ for financial products that have 
sustainable investment as their objective  
1. In the website section ‘Summary’ referred to in Article 37, point 
(a), financial market participants shall summarise all the info rmation 
contained in the different sections referred to in that Article  37about 
the financial products that have sustainable investment as thei r 
objective. The summary section shall have a maximum length of t wo 
sides of A4-sized paper when printed.  
2. The website section ‘Summary’ referred to in Article 37, poi nt (a), 
shall be provided in at least the following languages:  
(a) one of the official languages of the home Member State and,  where 
different and where the financial product is made available in more 
than one Member State, in an additional language customary in t he 
sphere of international finance;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 25  
(b) where the financial product is made available in a host Mem ber 
State, one of the official languages of that host Member State.  
Article 39  
Website section ‘No significant harm to the sustainable investment 
objective’ for financial products that have sustainable investment as 
their objective  
In the website section ‘No significant harm to the sustainable investment 
objective’ referred to in Article 37, point (b), financial mark et 
participants shall explain whether and why the investments of t he 
financial product do not significantly harm any of the sustaina ble 
investment objectives, and provide all of the following informa tion: 
(a) how the indicators for adverse impacts in Table 1 of Annex I, and 
any relevant indicators in Tables 2 and 3 of that Annex, are ta ken 
into account;  
(b) whether the sustainable investment is aligned with the OECD  
Guidelines for Multinational Enterprises and the UN Guiding Pri n­
ciples on Business and Human Rights, including the principles a nd 
rights set out in the eight fundamental conventions identified in the 
Declaration of the International Labour Organisation on Funda­
mental Principles and Rights at Work and the International Bill  of 
Human Rights.  
Article 40  
Website section ‘Sustainable investment objective of the financial 
product’ for financial products that have sustainable investment 
as their objective  
In the website section ‘Sustainable investment objective of the  financial 
product’ referred to in Article 37, point (c), financial market  participants 
shall describe the sustainable investment objective of the fina ncial 
product.  
Article 41  
Website section ‘Investment strategy’ for financial products that 
have sustainable investment as their objective  
In the website section ‘Investment strategy’ referred to in Art icle 37, 
point (d), financial market participants shall describe all of the 
following:  
(a) the investment strategy used to attain the sustainable inve stment 
objective;  
(b) the policy to assess good governance practices of the inves tee 
companies, including with respect to sound management structure s, 
employee relations, remuneration of staff and tax compliance.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 26  
Article 42  
Website section ‘Proportion of investments’ for financial products 
that have sustainable investment as their objective  
In the website section ‘Proportion of investments’ referred to in 
Article 37, point (e), financial market participants shall inse rt the 
information referred to in the section ‘What is the asset alloc ation and 
the minimum share of sustainable investments?’ in the template set out 
in Annex III to this Regulation and shall distinguish between d irect 
exposures in investee entities and all other types of exposures  to 
those entities.  
Article 43  
Website section ‘Monitoring of the sustainable investment objective’ 
for financial products that have sustainable investment as their 
objective  
In the website section ‘Monitoring of the sustainable investmen t 
objective’ referred to in Article 37, point (f), financial mark et 
participants shall describe how the sustainable investment obje ctive 
and the sustainability indicators used to measure the attainmen t of the 
sustainable investment objective are monitored throughout the l ifecycle 
of the financial product and the related internal or external c ontrol 
mechanisms.  
Article 44  
Website section ‘Methodologies’ for financial products that have 
sustainable investment as their objective  
In the website section ‘Methodologies’ referred to in Article 3 7, point 
(g), financial market participants shall describe the methodolo gies used 
to measure the attainment of the sustainable investment objecti ve and 
how the sustainability indicators to measure the attainment of that 
sustainable investment objective are used.  
Article 45  
Website section ‘Data sources and processing’ for financial products 
that have sustainable investment as their objective  
In the website section ‘Data sources and processing’ referred t o in 
Article 37, point (h), financial market participants shall desc ribe all of 
the following:  
(a) the data sources used to attain the sustainable investment objective 
of the financial product;  
(b) the measures taken to ensure data quality;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 27  
(c) how data are processed;  
(d) the proportion of data that are estimated.  
Article 46  
Website section ‘Limitation to methodologies and data’ for financial 
products that have sustainable investment as their objective  
In the website section ‘Limitation to methodologies and data’ r eferred to 
in Article 37, point (i), financial market participants shall d escribe all of 
the following:  
(a) any limitations to the methodologies referred to in Article  37, point 
(g), and the data sources referred to in Article 37, point (h);  
(b) why such limitations do not affect the attainment of the su stainable 
investment objective.  
Article 47  
Website section ‘Due diligence’ for financial products that have 
sustainable investment as their objective  
In the website section ‘Due diligence’ referred to in Article 3 7, point (j), 
financial market participants shall describe the due diligence carried out 
on the underlying assets of the financial product, including th e internal 
and external controls on that due diligence.  
Article 48  
Website section ‘Engagement policies’ for financial products that 
have sustainable investment as their objective  
In the website section ‘Engagement policies’ referred to in Art icle 37, 
point (k), financial market participants shall describe the eng agement 
policies implemented where engagement is part of the sustainabl e 
investment objective, including any management procedures appli cable 
to sustainability-related controversies in investee companies.  
Article 49  
Website section ‘Attainment of the sustainable investment objective’ 
for financial products that have sustainable investment as their 
objective  
1. In the website section ‘Attainment of the sustainable invest ment 
objective’ referred to in Article 37, point (l), financial mark et 
participants shall describe all of the following:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 28  
(a) for financial products that have sustainable investment as their 
objective and for which an index has been designated as a 
reference benchmark, how that index is aligned with the sustain able 
investment objective of the financial product, including the in put 
data, the methodologies used to select those data, the rebalanc ing 
methodologies and how the index is calculated;  
(b) for financial products that have a reduction in carbon emis sions as 
their objective, a statement that the reference benchmark quali fies as 
an EU Climate Transition Benchmark or an EU Paris-aligned 
Benchmark as defined in Article 3, points (23a) and (23b), of 
Regulation (EU) 2016/1011, and a hyperlink to where the 
methodology used for the calculation of those benchmarks can be  
found.  
2. By way of derogation from paragraph 1, point (a), where the 
information referred to in that point is published on the websi te of 
the administrator of the reference benchmark, a hyperlink shall  be 
provided to that information.  
3. By way of derogation from paragraph 1, point (b), where no E U 
Climate Transition Benchmark or EU Paris-aligned Benchmark as 
defined in in Article 3, points (23a) and (23b), of Regulation (EU) 
2016/1011 is available, the website section ‘Attainment of the 
sustainable investment objective’ referred to in Article 38, po int (l), 
of this Regulation shall mention that fact and explain how the 
continued effort of attaining the objective of reducing carbon 
emissions is ensured in view of achieving the objectives of the  Paris 
Agreement. Financial market participants shall explain the exte nt to 
which the financial product complies with the methodological 
requirements set out in Delegated Regulation (EU) 2020/1818.  
CHAPTER V  
PRODUCT DISCLOSURE IN PERIODIC REPORTS  
SECTION 1  
Promotion of environmental or social characteristics  
Article 50  
Presentation and content requirements for periodic reports for 
financial products that promote environmental or social 
characteristics  
1. For financial products that promote environmental or social char­
acteristics, financial market participants shall present the in formation 
referred to in Article 11(1) of Regulation (EU) 2019/2088 in an  
annex to the document or information referred to in Article 11( 2) of 
that Regulation in the form of the template set out in Annex IV  to this 
Regulation.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 29  
2. Financial market participants shall include in the main body  of the 
document or information referred to in Article 11(2) of Regulat ion (EU) 
2019/2088 a prominent statement that information on the environ mental 
or social characteristics is available in that annex.  
Article 51  
Attainment of the environmental or social characteristics promoted 
by the financial products  
In the section ‘To what extent were the environmental and/or so cial 
characteristics promoted by this financial product met?’ in the  
template set out in Annex IV to this Regulation, financial mark et 
participants shall provide all of the following information:  
(a) the extent to which the environmental or social characteris tics 
promoted by the financial product were met during the period 
covered by the periodic report, including the performance of th e 
sustainability indicators used to measure how each of those env i­
ronmental or social characteristics are met and which derivativ es, if 
any, have been used to meet those environmental or social char­
acteristics;  
(b) for the financial products referred to in Article 6, first paragraph, of 
Regulation (EU) 2020/852, an identification of the environmenta l 
objectives set out in Article 9 of that Regulation to which the  
sustainable investment underlying the financial product contrib uted;  
(c) where the financial market participant has provided at leas t one 
previous periodic report in accordance with this Section for th e 
financial product, a historical comparison between the period 
covered by the periodic report and periods covered by previous 
periodic reports;  
(d) for financial products that included a commitment to make 
sustainable investments, an explanation of how those investment s 
have contributed to the sustainable investment objectives refer red to 
in Article 2, point (17), of Regulation (EU) 2019/2088 and have  not 
harmed significantly any of those objectives during the period 
covered by the periodic report, including all of the following:  
(i) how the indicators for adverse impacts in Table 1 of Annex I, 
and any relevant indicators in Tables 2 and 3 of that Annex, 
were taken into account;  
(ii) whether the sustainable investment was aligned with the OE CD 
Guidelines for Multinational Enterprises and the UN Guiding 
Principles on Business and Human Rights, including the prin­
ciples and rights set out in the eight fundamental conventions 
identified in the Declaration of the International Labour Organ ­
isation on Fundamental Principles and Rights at Work and the 
International Bill of Human Rights;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 30  
(e) information on principal adverse impacts on sustainability factors as 
referred to in the section ‘Does this financial product conside r 
principal adverse impacts on sustainability factors?’ in the 
template set out in Annex II to this Regulation.  
Article 52  
Top investments for financial products that promote environmental 
or social characteristics  
1. The section ‘What were the top investments of this financial  
product?’ in the template set out in Annex IV to this Regulatio n shall 
contain a list, in descending order of size, of the fifteen inv estments 
constituting the largest proportion of investments of the finan cial 
product during the period covered by the periodic report, inclu ding 
the sector and countries in which those investments were made.  
2. By way of derogation from paragraph 1, where the number of 
investments constituting fifty percent of the investments of th e 
financial product during the period covered by the periodic rep ort is 
less than fifteen, the section referred to in paragraph 1 shall  contain a 
list of those investments, in descending order of size, includi ng the 
sectors and countries in which those investments were made.  
Article 53  
Asset allocation by financial products that promote environmental 
or social characteristics  
In the section ‘What was the asset allocation?’ in the template  set out in 
Annex IV to this Regulation, financial market participants shal l provide 
a description of the investments of the financial product, incl uding all of 
the following:  
(a) the proportions of the investments of the financial product  that 
attained the promoted environmental or social characteristics 
during the period covered by the periodic report;  
(b) the purpose of the remainder of the investments during the period 
covered by the periodic report, including a description of any 
minimum environmental or social safeguards and whether those 
investments are used for hedging, relate to cash held as ancill ary 
liquidity or are investments for which there are insufficient d ata. 
Article 54  
Proportion of investments in different economic sectors and sub- 
sectors  
In the section ‘In which economic sectors were the investments made?’ 
in the template set out in Annex IV to this Regulation, financi al market 
participants shall provide information on the proportion of inv estments 
during the period covered by the periodic report in different s ectors and 
sub-sectors, including sectors and sub-sectors of the economy t hat ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 31  
derive revenues from exploration, mining, extraction, productio n, 
processing, storage, refining or distribution, including transp ortation, 
storage and trade, of fossil fuels as defined in Article 2, poi nt (62), 
of Regulation (EU) 2018/1999 of the European Parliament and of the 
Council (  8 ). 
Article 55  
Information on investments in environmentally sustainable 
economic activities for financial products that promote 
environmental characteristics  
1. Where the financial products referred to in Article 6, first  para­
graph, of Regulation (EU) 2020/852 included a commitment to mak e 
investments in economic activities that contribute to an enviro nmental 
objective within the meaning of Article 2, point (17), of Regul ation 
(EU) 2019/2088, the section ‘What was the proportion of sustain ­
ability-related investments?’ in the template set out in Annex IV shall 
contain all of the following information:  
(a) a breakdown of the proportion of the investments per each o f the 
environmental objectives set out in Article 9 of Regulation (EU ) 
2020/852 to which those investments contributed;  
(b) a description of the investments in environmentally sustain able 
economic activities during the period covered by the periodic 
report, including:  
(i) whether the compliance of those investments with the 
requirements laid down in Article 3 of Regulation (EU) 
2020/852 was subject to an assurance provided by one or 
more auditors or a review by one or more third parties and, 
if so, the name or the names of the auditor or third party;  
(ii) a graphical representation in the form of a bar chart of t he 
aggregated investments in environmentally sustainable 
economic activities during the period covered by the 
periodic report, calculated in accordance with Article 17(1) 
to (4);  
(iii) a graphical representation in the form of a bar chart of the 
degree to which the aggregated investments are in environ­
mentally sustainable economic activities during the period 
covered by the periodic report, but excluding sovereign 
exposures, and calculated in accordance with Article 17(5);  ▼C1 
( 8 ) Regulation (EU) 2018/1999 of the European Parliament and of t he Council of 
11 December 2018 on the Governance of the Energy Union and Clim ate 
Action, amending Regulations (EC) No 663/2009 and (EC) No 715/2 009 
of the European Parliament and of the Council, Directives 94/22 /EC, 
98/70/EC, 2009/31/EC, 2009/73/EC, 2010/31/EU, 2012/27/EU 
and 2013/30/EU of the European Parliament and of the Council, C ouncil 
Directives 2009/119/EC and (EU) 2015/652 and repealing Regulati on (EU) 
No 525/2013 of the European Parliament and of the Council (OJ L  328, 
21.12.2018, p. 1).
 02022R1288 — EN — 25.07.2022 — 000.001 — 32  
(iv) the information referred to in Article 15(2), point (b);  
(v) a breakdown of the proportions of investments, during the 
period covered by the periodic report, in the transitional 
economic activities and in the enabling economic activities, 
in each case expressed as a percentage of all investments of 
the financial product;  
(vi) where the financial product invested in sustainable 
investments with an environmental objective, but which are 
not environmentally sustainable economic activities, a clear 
explanation of the reasons for doing so;  
(vii) where the financial market participant has provided at le ast 
one previous periodic report in accordance with this Section 
for the financial product, a historical comparison of the degre e 
to which the investments were made in environmentally 
sustainable economic activities during the period covered by 
the periodic report and during previous periods;  
(viii) where the financial market participant could not assess the 
extent to which sovereign exposures contributed to environ­
mentally sustainable economic activities during the period 
covered by the periodic report, a narrative explanation of 
the reasons and the size of those exposures in total invest­
ments.  
2. For the purposes of paragraph 1, point (b), points (ii) and (iii), all 
of the following shall apply:  
(a) when aggregating the investments in non-financial undertaki ngs, the 
turnover, capital expenditure and operational expenditure shall  be 
calculated and included in the graphical representation;  
(b) when aggregating the investments in financial undertakings,  the 
turnover and capital expenditure shall, where applicable, be 
calculated and included in the graphical representation;  
(c) for insurance undertakings and reinsurance undertakings tha t carry 
out non-life underwriting activities, the key performance indic ator 
may be a combination of the investment and the underwriting key  
performance indicators in accordance Article 6 of Delegated Reg u­
lation (EU) 2021/2178.  
Article 56  
Information for financial products that promote social 
characteristics  
For financial products that promote environmental or social cha racteris­
tics that included a commitment in sustainable investments with  a social 
objective, the section ‘What was the proportion of sustainabili ty-related 
investments?’ in the template set out in Annex IV shall contain  the 
share of those sustainable investments.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 33  
Article 57  
Sustainable performance of the index designated as a benchmark 
for environmental or social characteristics  
1. In the section ‘How did this financial product perform compa red 
to the designated reference benchmark?’ in the template set out  in 
Annex IV to this Regulation, financial market participants shal l, for 
financial products that promote environmental or social charact eristics, 
provide all of the following information:  
(a) an explanation of how the index designated as a reference 
benchmark differs from a relevant broad market index, including  
the performance, during the period covered by the periodic repo rt, 
of the sustainability indicators deemed relevant by the financi al 
market participant to determine the alignment of the index with  
the environmental or social characteristics promoted by the 
financial product and the ESG factors referred to in the 
benchmark statement published by the benchmark administrator in  
accordance with Article 27(1) of Regulation (EU) 2016/1011;  
(b) a comparison between the performance of the financial produ ct and 
the indicators measuring the sustainability factors of the inde x 
referred to in point (a) during the period covered by the perio dic 
report;  
(c) a comparison between the performance of the financial produ ct and 
a relevant broad market index during the period covered by the 
periodic report.  
2. The comparisons referred to in paragraph 1, points (b) and ( c), 
shall be presented, where relevant, either in the form of a tab le or in the 
form of a graphical representation.  
SECTION 2  
Sustainable investment as objective  
Article 58  
Presentation and content requirements for periodic reports for 
financial products that have sustainable investment as their 
objective  
For financial products that have sustainable investment as thei r 
objective, financial market participants shall present the info rmation 
referred to in Article 11(1) of Regulation (EU) 2019/2088 in an  
annex to the document or information referred to in Article 11( 2) of 
that Regulation in the form of the template set out in Annex V to this 
Regulation. Financial market participants shall include in the main body 
of the document or information referred to in Article 11(2) of Regu­
lation (EU) 2019/2088 a prominent statement that information on  
sustainable investment is available in that Annex.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 34  
Article 59  
Attainment of the sustainable investment objective of the financial 
product  
In the section ‘To what extent was the sustainable investment o bjective 
of this financial product met?’ in the template set out in Anne x V, 
financial market participants shall provide all of the followin g 
information:  
(a) the extent to which the sustainable investment objective wa s 
attained during the period covered by the periodic report, 
including the performance of:  
(i) the sustainability indicators referred to in the subsection  ‘What 
sustainability indicators are used to measure the attainment of  
the sustainable investment objective of this financial product? ’ 
of the section ‘What is the sustainable investment objective of  
this financial product?’ in the template set out in Annex III t o 
this Regulation;  
(ii) any derivatives referred to in the subsection ‘How does th e use 
of derivatives attain the sustainable investment objective?’ of  
the section ‘What is the asset allocation and the minimum share  
of sustainable investments?’ in the template set out in Annex I II 
to this Regulation used to attain the sustainable investment 
objective;  
(b) for the financial products referred to in Article 5, first paragraph, of 
Regulation (EU) 2020/852, an identification of the environmenta l 
objectives set out in Article 9 of that Regulation to which the  
sustainable investment underlying the financial product contrib uted;  
(c) for the financial products referred to in Article 9(3) of R egulation 
(EU) 2019/2088, information on how the objective of a reduction  in 
carbon emissions was aligned with the Paris Agreement, containi ng 
a description of the contribution of the financial product duri ng the 
period covered by the periodic report to achieve the objectives  of 
the Paris Agreement, including in respect of an EU Climate Tran ­
sition Benchmark or EU Paris-aligned Benchmark, the ESG factors  
and criteria considered by the benchmark administrator in 
accordance with Delegated Regulation (EU) 2020/1818;  
(d) where the financial market participants have provided at le ast one 
previous periodic report in accordance with this Section for th e 
financial product, a historical comparison between the current 
period covered by the periodic report and previous periods;  
(e) an explanation of how the sustainable investments have cont ributed 
to a sustainable investment objective and have not harmed signi fi­
cantly any of the sustainable investment objectives during the period 
covered by the periodic report, including all of the following:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 35  
(i) how the indicators for adverse impacts in Table 1 of Annex I, 
and any relevant indicators in Tables 2 and 3 of that Annex, 
were taken into account;  
(ii) whether the sustainable investment was aligned with the OE CD 
Guidelines for Multinational Enterprises and the UN Guiding 
Principles on Business and Human Rights, including the prin­
ciples and rights set out in the eight fundamental conventions 
identified in the Declaration of the International Labour Organ ­
isation on Fundamental Principles and Rights at Work and the 
International Bill of Human Rights;  
(f) information on principal adverse impacts on sustainability factors as 
referred to in in the section ‘Does this financial product cons ider 
principal adverse impacts on sustainability factors?’ in the te mplate 
set out in Annex III to this Regulation.  
Article 60  
Top investments for financial products that have sustainable 
investment as their objective  
1. In the section ‘What were the top investments of this financ ial 
product?’ in the template set out in Annex V, financial market 
participants shall list, in descending order of size, the fifte en 
investments constituting the largest proportion of investments of the 
financial product during the period covered by the periodic rep ort, 
including the sectors and countries of those investments.  
2. By way of derogation from paragraph 1, where the number of 
investments constituting fifty percent of the investments of th e 
financial product during the period covered by the periodic rep ort is 
less than fifteen, the section referred to in paragraph 1 shall  contain a 
list of those investments, in descending order of size, includi ng the 
sectors and countries in which those investments were made.  
Article 61  
Proportion of sustainability-related investments for financial 
products that have sustainable investment as their objective  
In the section ‘What was the proportion of sustainability-relat ed invest­
ments?’ in the template set out in Annex V, financial market 
participants shall provide all of the following information:  
(a) the proportions of the investments of the financial product  that 
contributed to the sustainable investment objective;  
(b) the purpose of the remainder of the investments during the period 
covered by the periodic report, including a description of any 
minimum environmental or social safeguards and whether those 
investments are used for hedging or relate to cash held as 
ancillary liquidity;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 36  
(c) the proportion of investments during the period covered by the 
periodic report in different sectors and sub-sectors.  
Article 62  
Information on sustainable investments for financial products with 
the objective of sustainable investment  
1. For the financial products referred to in Article 5, first p aragraph, 
of Regulation (EU) 2020/852, the section ‘What was the proporti on of 
sustainability-related investments?’ in the template set out in  Annex V 
shall contain all of the following information:  
(a) a breakdown in accordance with Article 55(1), point (a);  
(b) a description of the sustainable investments in environment ally 
sustainable economic activities during the period covered by th e 
periodic report, including:  
(i) the information in accordance with Article 55(1), point (b) (i); 
(ii) a graphical representation in the form of a bar chart in 
accordance with Article 55(1), point (b)(ii);  
(iii) a graphical representation in the form of a bar chart in 
accordance with Article 55(1), point (b)(iii);  
(iv) the information referred to in Article 15(1), point (b);  
(v) a breakdown in accordance with Article 55(1), point (b)(v);  
(vi) where the financial product invested in sustainable invest ments 
with an environmental objective but that are not environ­
mentally sustainable economic activities, a clear explanation 
of the reasons for doing so;  
(vii) where the financial market participant has provided at le ast 
one previous periodic report in accordance with this Section 
for the financial product, a historical comparison of the degre e 
to which the investments were made in environmentally 
sustainable economic activities during the period covered by 
the periodic report and during previous periods;  
(c) a narrative explanation in accordance with Article 55(1), p oint 
(b)(viii);  
(d) for financial products having sustainable investments with a social 
objective, the section ‘What was the share of socially sustaina ble 
investments during the period covered by the periodic report’ i n the 
template set out in Annex V shall also contain the share of tho se 
sustainable investments.  
2. For the purposes of paragraph 1, point (b)(ii) and point (b) (iii), 
financial market participants shall apply Article 55(2).  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 37  
Article 63  
Sustainable performance of the index designated as a benchmark 
for the sustainable objective  
1. In the section ‘How did this financial product perform compa red 
to the reference sustainable benchmark?’ in the template set ou t in 
Annex V, financial market participants shall, for financial pro ducts 
that have sustainable investment as their objective and for whi ch an 
index has been designated as a reference benchmark, provide all  of 
the following information:  
(a) an explanation of how the index designated as a reference 
benchmark differs from a relevant broad market index, including  
at least the performance during the period covered by the perio dic 
report of the sustainability indicators deemed relevant by the 
financial market participant to determine the alignment of the 
index with the sustainable investment objective, including the 
ESG factors referred to in the benchmark statement published by  
the benchmark administrator in accordance with Article 27(2a) o f 
Regulation (EU) 2016/1011;  
(b) a comparison between the performance of the financial produ ct and 
the indicators measuring the sustainability factors of the inde x 
referred to in point (a) during the period covered by the perio dic 
report;  
(c) a comparison between the performance of the financial produ ct and 
a relevant broad market index during the period covered by the 
periodic report.  
2. The comparisons referred to in paragraph 1, points (b) and ( c), 
shall be made either in the form of a table or in the form of a  graphical 
representation.  
SECTION 3  
Historical comparisons for periodic reports  
Article 64  
Historical comparisons for periodic reports  
1. Financial market participants shall, in the historical compa risons 
referred to in Article 51, point (c), Article 55(1), point (b)( vii), 
Article 59, point (d), and Article 62(1), point (b)(vii), compa re the 
period covered by the periodic report with periods covered by 
previous periodic reports and, subsequently, with every previou s 
period covered by a periodic report up to at least the last fiv e 
previous periods.  
2. For the purposes of the historical comparisons referred to i n 
Article 51, point (c), and Article 59, point (d), financial mar ket 
participants shall report on the performance of the sustainabil ity indi­
cators consistently over time, and shall provide all of the fol lowing 
information:  
(a) where quantitative disclosures are made, figures with a rel ative 
measure such as impact per euro invested;  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 38  
(b) which indicators are subject to an assurance provided by an  auditor 
or a review by a third party;  
(c) the proportion of underlying assets of the financial produc t referred 
to in the section ‘What was the proportion of sustainability-re lated 
investments?’ in the template set out in Annex IV to this Regul ation 
and in the section ‘What was the proportion of sustainability-r elated 
investments?’ in the template set out in Annex V.  
SECTION 4  
Financial products with investment options  
Article 65  
Financial products with one or more underlying investment options 
that qualify those financial products as financial products that 
promote environmental or social characteristics  
1. By way of derogation from Articles 50 to 57, where a financi al 
product offers investment options to the investor and one or mo re of 
those investment options qualify that financial product as a fi nancial 
product that promotes environmental or social characteristics, financial 
market participants shall insert in the main body of the docume nt or 
information referred to in Article 11(2) of Regulation (EU) 201 9/2088 a 
prominent statement confirming all of the following:  
(a) that the financial product promotes environmental or social  char­
acteristics;  
(b) that the attainment of those characteristics is subject to investing in 
at least one of the investment options referred to in paragraph  2 of 
this Article and holding at least one of those options during t he 
holding period of the financial product;  
(c) that further information related to those environmental or social 
characteristics is available in the annexes referred to in para graph 
2 of this Article.  
2. Financial market participants shall provide all of the follo wing 
information in annexes to the document or information referred to in 
Article 11(2) of Regulation (EU) 2019/2088:  
(a) for each investment option invested in that qualifies as a financial 
product that promotes environmental or social characteristics, the 
information referred to in Articles 50 to 57 of this Regulation ; 
(b) for each investment option invested in that qualifies as a financial 
product that has sustainable investment as its objective, the 
information referred to in Articles 58 to 63 of this Regulation ; 
(c) for each investment option invested in that has sustainable  
investment as its objective and is not a financial product, the  
information on the objective of sustainable investment.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 39  
3. Financial market participants shall present the information referred 
to in paragraph 2, point (a), in the form of the template set o ut in Annex 
IV and the information referred to in paragraph 2, point (b), i n the form 
of the template set out in Annex V.  
Article 66  
Financial products with underlying investment options that all have 
sustainable investment as their objectives  
1. By way of derogation from Articles 58 to 63, where a financi al 
product offers investment options to the investor and all of th ose 
investment options have sustainable investment as their objecti ves, 
financial market participants shall confirm in a prominent stat ement in 
the main body of the document or information referred to in 
Article 11(2) of Regulation (EU) 2019/2088 that the financial p roduct 
has as its objective sustainable investment and that the inform ation 
related to that objective is available in the annexes referred to in 
paragraph 2 of this Article.  
2. Financial market participants shall provide all of the follo wing 
information in the annexes to the document or information refer red to 
in Article 11(2) of Regulation (EU) 2019/2088:  
(a) for each investment option invested in that qualifies as a financial 
product that has sustainable investment as its objective, the 
information referred to in Articles 58 to 63;  
(b) for each investment option invested in that has sustainable  
investment as its objective and is not a financial product, the  
information on the objective of the sustainable investment.  
3. Financial market participants shall present the information referred 
to in paragraph 2, point (a), in the form of the template set o ut in Annex 
V. 
Article 67  
Information on underlying investment options that have sustainable 
investment as their objective and are not themselves financial 
products  
The information on the objective of the sustainable investment referred 
to in Article 65(2), point (c), and Article 66(2), point (b), s hall contain 
all of the following:  
(a) a description of the sustainable investment objective;  
(b) the extent to which the sustainable investment objective wa s 
attained during the period covered by the periodic report, 
including the performance of the sustainability indicators used  to 
measure the overall sustainable impacts of the options that hav e 
sustainable investment as their objective;  
(c) a description of how the investments do not significantly h arm any 
of the sustainable investment objectives, including all of the 
following:  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 40  
(i) how the indicators for adverse impacts in Table 1 of Annex I 
and any relevant indicators in Tables 2 and 3 of that Annex, ar e 
taken into account;  
(ii) whether the sustainable investment is aligned with the OEC D 
Guidelines for Multinational Enterprises and the UN Guiding 
Principles on Business and Human Rights, including the prin­
ciples and rights set out in the eight fundamental conventions 
identified in the Declaration of the International Labour Organ ­
isation on Fundamental Principles and Rights at Work and the 
International Bill of Human Rights.  
CHAPTER VI  
FINAL PROVISIONS  
Article 68  
Entry into force and application  
This Regulation shall enter into force on the twentieth day fol lowing 
that of its publication in the  Official Journal of the European Union . 
This Regulation shall apply from 1 January 2023.  
This Regulation shall be binding in its entirety and directly a pplicable in 
all Member States.  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 41  
ANNEX I  
Template principal adverse sustainability impacts statement  
For the purposes of this Annex, the following definitions shall  apply:  
(1) ‘scope 1, 2 and 3 GHG emissions’ means the scope of greenho use gas 
emissions referred to in points (1)(e)(i) to (iii) of Annex III  to Regulation 
(EU) 2016/1011 of the European Parliament and of the Council (  1 ); 
(2) ‘greenhouse gas (GHG) emissions’ means greenhouse gas emiss ions as 
defined in Article 3, point (1), of Regulation (EU) 2018/842 of  the 
European Parliament and of the Council (  2 ); 
(3) ‘weighted average’ means a ratio of the weight of the inves tment by the 
financial market participant in an investee company in relation  to the 
enterprise value of the investee company;  
(4) ‘enterprise value’ means the sum, at fiscal year-end, of th e market capital­
isation of ordinary shares, the market capitalisation of prefer red shares, and 
the book value of total debt and non-controlling interests, wit hout the 
deduction of cash or cash equivalents;  
(5) ‘companies active in the fossil fuel sector’ means companie s that derive any 
revenues from exploration, mining, extraction, production, proc essing, 
storage, refining or distribution, including transportation, st orage and 
trade, of fossil fuels as defined in Article 2, point (62), of Regulation 
(EU) 2018/1999 of the European Parliament and of the Council (  3 ); 
(6) ‘renewable energy sources’ means renewable non-fossil sourc es, namely 
wind, solar (solar thermal and solar photovoltaic) and geotherm al energy, 
ambient energy, tide, wave and other ocean energy, hydropower, biomass, 
landfill gas, sewage treatment plant gas, and biogas;  
(7) ‘non-renewable energy sources’ means energy sources other t han those 
referred to in point (6);  
(8) ‘energy consumption intensity’ means the ratio of energy co nsumption per 
unit of activity, output or any other metric of the investee co mpany to the 
total energy consumption of that investee company;  ▼C1 
( 1 ) Regulation (EU) 2016/1011 of the European Parliament and of t he Council of 8 June 
2016 on indices used as benchmarks in financial instruments and  financial contracts or to 
measure the performance of investment funds and amending Direct ives 2008/48/EC 
and 2014/17/EU and Regulation (EU) No 596/2014 (OJ L 171, 29.6. 2016, p. 1). 
( 2 ) Regulation (EU) 2018/842 of the European Parliament and of th e Council of 30 May 
2018 on binding annual greenhouse gas emission reductions by Me mber States from 
2021 to 2030 contributing to climate action to meet commitments  under the Paris 
Agreement and amending Regulation (EU) No 525/2013 (OJ L 156, 1 9.6.2018, p. 26). 
( 3 ) Regulation (EU) 2018/1999 of the European Parliament and of t he Council of 
11 December 2018 on the Governance of the Energy Union and Clim ate Action, 
amending Regulations (EC) No 663/2009 and (EC) No 715/2009 of t he European 
Parliament and of the Council, Directives 94/22/EC, 98/70/EC, 2 009/31/EC, 2009/73/EC, 
2010/31/EU, 2012/27/EU and 2013/30/EU of the European Parliamen t and of the 
Council, Council Directives 2009/119/EC and (EU) 2015/652 and r epealing Regulation 
(EU) No 525/2013 of the European Parliament and of the Council (OJ L 328, 
21.12.2018, p. 1).
 02022R1288 — EN — 25.07.2022 — 000.001 — 42  
(9) ‘high impact climate sectors’ means the sectors listed in S ections A to H 
and Section L of Annex I to Regulation (EC) No 1893/2006 of the  
European Parliament and of the Council (  4 ); 
(10) ‘protected area’ means designated areas in the European En vironment 
Agency’s Common Database on Designated Areas (CDDA);  
(11) ‘area of high biodiversity value outside protected areas’ means land with 
high biodiversity value as referred to in Article 7b(3) of Dire ctive 98/70/EC 
of the European Parliament and of the Council (  5 ); 
(12) ‘emissions to water’ means direct emissions of priority su bstances as 
defined in Article 2(30) of Directive 2000/60/EC of the Europea n 
Parliament and of the Council (  6 ) and direct emissions of nitrates, phos­
phates and pesticides;  
(13) ‘areas of high water stress’ means regions where the perce ntage of total 
water withdrawn is high (40-80 %) or extremely high (greater th an 80 %) in 
the World Resources Institute’s (WRI) Water Risk Atlas tool ‘Aq ueduct’;  
(14) ‘hazardous waste and radioactive waste’ means hazardous wa ste and radio­
active waste;  
(15) ‘hazardous waste’ means hazardous waste as defined in Arti cle 3(2) of 
Directive 2008/98/EC of the European Parliament and of the Coun cil (  7 ); 
(16) ‘radioactive waste’ means radioactive waste as defined in Article 3(7) of 
Council Directive 2011/70/Euratom (  8 ); 
(17) ‘non-recycled waste’ means any waste not recycled within t he meaning of 
‘recycling’ in Article 3(17) of Directive 2008/98/EC;  
(18) ‘activities negatively affecting biodiversity-sensitive ar eas’ means activities 
that are characterised by all of the following:  
(a) those activities lead to the deterioration of natural habit ats and the 
habitats of species and disturb the species for which a protect ed area 
has been designated;  
(b) for those activities, none of the conclusions, mitigation m easures or 
impact assessments adopted pursuant to any of the following Dir ectives 
or national provisions or international standards that are equi valent to 
those Directives have been implemented:  
(i) Directive 2009/147/EC of the European Parliament and of the  
Council (  9 ); ▼C1 
( 4 ) Regulation (EC) No 1893/2006 of the European Parliament and o f the Council of 
20 December 2006 establishing the statistical classification of  economic activities 
NACE Revision 2 and amending Council Regulation (EEC) No 3037/9 0 as well as 
certain EC Regulations on specific statistical domains Text wit h EEA relevance 
(OJ L 393, 30.12.2006, p. 1). 
( 5 ) Directive 98/70/EC of the European Parliament and of the Coun cil of 13 October 1998 
relating to the quality of petrol and diesel fuels and amending  Council Directive 
93/12/EEC (OJ L 350, 28.12.1998, p. 58). 
( 6 ) Directive 2000/60/EC of the European Parliament and of the Co uncil of 23 October 2000 
establishing a framework for Community action in the field of w ater policy (OJ L 327, 
22.12.2000, p. 1). 
( 7 ) Directive 2008/98/EC of the European Parliament and of the Co uncil of 19 November 
2008 on waste and repealing certain Directives (OJ L 312, 22.11 .2008, p. 3). 
( 8 ) Council Directive 2011/70/Euratom of 19 July 2011 establishin g a Community 
framework for the responsible and safe management of spent fuel  and radioactive 
waste (OJ L 199, 2.8.2011, p. 48). 
( 9 ) Directive 2009/147/EC of the European Parliament and of the C ouncil of 30 November 
2009 on the conservation of wild birds (OJ L 20, 26.1.2010, p. 7).
 02022R1288 — EN — 25.07.2022 — 000.001 — 43  
(ii) Council Directive 92/43/EEC (  10 ); 
(iii) an Environmental Impact Assessment (EIA) as defined in 
Article 1(2), point (g), of Directive 2011/92/EU of the Europea n 
Parliament and of the Council (  11 ); 
(iv) for activities located in third countries, conclusions, mi tigation 
measures or impact assessments adopted in accordance with 
national provisions or international standards that are equival ent 
to the Directives and impact assessments listed in points (i), (ii) 
and (iii);  
(19) ‘biodiversity-sensitive areas’ means Natura 2000 network o f protected areas, 
Unesco World Heritage sites and Key Biodiversity Areas (‘KBAs’) , as well 
as other protected areas, as referred to in Appendix D of Annex  II to 
Commission Delegated Regulation (EU) 2021/2139 (  12 ); 
(20) ‘threatened species’ means endangered species, including f lora and fauna, 
listed in the European Red List or the IUCN Red List, as referr ed to in 
Section 7 of Annex II to Delegated Regulation (EU) 2021/2139;  
(21) ‘deforestation’ means the temporary or permanent human-ind uced 
conversion of forested land to non-forested land;  
(22) ‘UN Global Compact principles’ means the ten Principles of  the United 
Nations Global Compact;  
(23) ‘unadjusted gender pay gap’ means the difference between a verage gross 
hourly earnings of male paid employees and of female paid emplo yees as a 
percentage of average gross hourly earnings of male paid employ ees; 
(24) ‘board’ means the administrative, management or supervisor y body of a 
company;  
(25) ‘human rights policy’ means a policy commitment approved a t board level 
on human rights that the economic activities of the investee co mpany shall 
be in line with the UN Guiding Principles on Business and Human  Rights;  
(26) ‘whistleblower’ means ‘reporting person’ as defined in Art icle 5(7) of 
Directive (EU) 2019/1937 of the European Parliament and of the Coun­
cil (  13 ); 
(27) ‘inorganic pollutants’ means emissions within or lower tha n the emission 
levels associated with the best available techniques (BAT-AEL) as defined 
in Article 3, point (13) of Directive 2010/75/EU of the Europea n Parliament 
and of the Council (  14 ), for the Large Volume Inorganic Chemicals- Solids 
and Others industry;  ▼C1 
( 10 ) Council Directive 92/43/EEC of 21 May 1992 on the conservatio n of natural habitats 
and of wild fauna and flora (OJ L 206, 22.7.1992, p. 7). 
( 11 ) Directive 2011/92/EU of the European Parliament and of the Co uncil of 13 December 
2011 on the assessment of the effects of certain public and pri vate projects on the 
environment (OJ L 26, 28.1.2012, p. 1). 
( 12 ) Commission Delegated Regulation (EU) 2021/2139 of 4 June 2021  supplementing 
Regulation (EU) 2020/852 of the European Parliament and of the Council by estab­
lishing the technical screening criteria for determining the co nditions under which an 
economic activity qualifies as contributing substantially to cl imate change mitigation or 
climate change adaptation and for determining whether that econ omic activity causes no 
significant harm to any of the other environmental objectives ( OJ L 442, 9.12.2021, 
p. 1). 
( 13 ) Directive (EU) 2019/1937 of the European Parliament and of th e Council of 23 October 
2019 on the protection of persons who report breaches of Union law (OJ L 305, 
26.11.2019, p. 17). 
( 14 ) Directive 2010/75/EU of the European Parliament and of the Co uncil of 24 November 
2010 on industrial emissions (integrated pollution prevention a nd control) (OJ L 334, 
17.12.2010, p. 17).
 02022R1288 — EN — 25.07.2022 — 000.001 — 44  
(28) ‘air pollutants’ means direct emissions of sulphur dioxide s (SO  2 ), nitrogen 
oxides (NO  x ), non-methane volatile organic compounds (NMVOC), and 
fine particulate matter (PM  2,5 ) as defined in Article 3, points (5) to (8), 
of Directive (EU) 2016/2284 of the European Parliament and of t he Coun­
cil (  15 ), ammonia (NH  3 ) as referred to in that Directive and heavy metals 
(HM) as referred to in Annex I to that Directive;  
(29) ‘ozone depletion substances’ mean substances listed in the  Montreal 
Protocol on Substances that Deplete the Ozone Layer.  
For the purposes of this Annex, the following formulas shall ap ply: 
(1) ‘GHG emissions’ shall be calculated in accordance with the following 
formula:
  
(2) ‘carbon footprint’ shall be calculated in accordance with t he following 
formula:
  
(3) ‘GHG intensity of investee companies’ shall be calculated i n accordance with 
the following formula:
  
(4) ‘GHG intensity of sovereigns’ shall be calculated in accord ance with the 
following formula:
  
(5) ‘inefficient real estate assets’ shall be calculated in acc ordance with the 
following formula:
  
For the purposes of the formulas, the following definitions sha ll apply:  
(1) ‘current value of investment’ means the value in EUR of the  investment by 
the financial market participant in the investee company;  
(2) ‘enterprise value’ means the sum, at fiscal year-end, of th e market capitalis­
ation of ordinary shares, the market capitalisation of preferre d shares, and the 
book value of total debt and non-controlling interests, without  the deduction 
of cash or cash equivalents;  
(3) ‘current value of all investments’ means the value in EUR o f all investments 
by the financial market participant;  
(4) ‘nearly zero-energy building (NZEB)’, ‘primary energy deman d (PED)’ and 
‘energy performance certificate (EPC)’ shall have the meanings given to 
them in paragraphs 2, 5 and 12 of Article 2 of Directive 2010/3 1/EU of 
the European Parliament and of the Council (  16 ). ▼C1 
( 15 ) Directive (EU) 2016/2284 of the European Parliament and of th e Council of 
14 December 2016 on the reduction of national emissions of cert ain atmospheric pollu­
tants, amending Directive 2003/35/EC and repealing Directive 20 01/81/EC (OJ L 344, 
17.12.2016, p. 1). 
( 16 ) Directive 2010/31/EU of the European Parliament and of the Co uncil of 19 May 2010 
on the energy performance of buildings (recast) (OJ L 153, 18.6 .2010, p. 13).
 02022R1288 — EN — 25.07.2022 — 000.001 — 45
 Table 1  
Statement on principal adverse impacts of investment decisions on sustainability factors 
Financial market participant  [Name and, where available, LEI ] 
Summary  
[Name and, where available, LEI ] considers principal adverse impacts of its investment decisio ns on sustainability factors. The present statement is the cons olidated statement on principal adverse 
impacts on sustainability factors of [ name of the financial market participant ] [where applicable, insert ‘and its subsidiaries, namely [list the subsidiaries included ]’]. 
This statement on principal adverse impacts on sustainability f actors covers the reference period from [ insert  ‘1 January ’ or the date on which principal adverse impacts were first considered ] to 31 
December [ year n ]. 
[Summary referred to in Article 5 provided in the languages referred to in paragraph 1 thereof ] 
Description of the principal adverse impacts on sustainability factors  
[Information referred to in Article 7 in the format set out below ] 
Indicators applicable to investments in investee companies  
Adverse sustainability indicator  Metric  Impact 
[year n]  Impact 
[year n-1]  Explanation  Actions taken, and 
actions planned and 
targets set for the 
next reference period  
CLIMATE AND OTHER ENVIRONMENT-RELATED INDICATORS  
Greenhouse gas 
emissions  1. GHG emissions  Scope 1 GHG emissions  
Scope 2 GHG emissions  
Scope 3 GHG emissions  
Total GHG emissions  
2. Carbon footprint  Carbon footprint  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 46
 3. GHG intensity of investee companies  GHG intensity of investee companies  
4. Exposure to companies active in the fossil 
fuel sector  Share of investments in companies active in the 
fossil fuel sector  
5. Share of non-renewable energy consumption 
and production  Share of non-renewable energy consumption and 
non-renewable energy production of investee 
companies from non-renewable energy sources 
compared to renewable energy sources, 
expressed as a percentage of total energy sources  
6. Energy consumption intensity per high 
impact climate sector  Energy consumption in GWh per million EUR of 
revenue of investee companies, per high impact 
climate sector  
Biodiversity  7. Activities negatively affecting biodiversity- 
sensitive areas  Share of investments in investee companies with 
sites/operations located in or near to biodiversity- 
sensitive areas where activities of those investee 
companies negatively affect those areas  
Water  8. Emissions to water  Tonnes of emissions to water generated by 
investee companies per million EUR invested, 
expressed as a weighted average  
Waste  9. Hazardous waste and radioactive waste ratio  Tonnes of hazardous waste and radioactive waste 
generated by investee companies per million 
EUR invested, expressed as a weighted average  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 47
 INDICATORS FOR SOCIAL AND EMPLOYEE, RESPECT FOR HUMAN RIGHTS, ANTI-CORRUPTION AND ANTI-BRIBERY MATTERS  
Social and employee 
matters  10. Violations of UN Global Compact principles 
and Organisation for Economic Cooperation 
and Development (OECD) Guidelines for 
Multinational Enterprises  Share of investments in investee companies that 
have been involved in violations of the UNGC 
principles or OECD Guidelines for Multinational 
Enterprises  
11. Lack of processes and compliance mech­
anisms to monitor compliance with UN 
Global Compact principles and OECD 
Guidelines for Multinational Enterprises  Share of investments in investee companies 
without policies to monitor compliance with the 
UNGC principles or OECD Guidelines for Multi­
national Enterprises or grievance/complaints 
handling mechanisms to address violations of 
the UNGC principles or OECD Guidelines for 
Multinational Enterprises  
12. Unadjusted gender pay gap  Average unadjusted gender pay gap of investee 
companies  
13. Board gender diversity  Average ratio of female to male board members 
in investee companies, expressed as a percentage 
of all board members  
14. Exposure to controversial weapons (anti- 
personnel mines, cluster munitions, 
chemical weapons and biological weapons)  Share of investments in investee companies 
involved in the manufacture or selling of contro­
versial weapons  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 48
 Indicators applicable to investments in sovereigns and supranationals  
Adverse sustainability indicator  Metric  Impact 
[year n]  Impact 
[year n-1]  Explanation  Actions taken, and 
actions planned and 
targets set for the 
next reference period  
Environmental  15. GHG intensity  GHG intensity of investee countries  
Social  16. Investee countries subject to social violations  Number of investee countries subject to social 
violations (absolute number and relative number 
divided by all investee countries), as referred to 
in international treaties and conventions, United 
Nations principles and, where applicable, national 
law 
Indicators applicable to investments in real estate assets  
Adverse sustainability indicator  Metric  Impact 
[year n]  Impact 
[year n-1]  Explanation  Actions taken, and 
actions planned and 
targets set for the 
next reference period  
Fossil fuels  17. Exposure to fossil fuels through real estate 
assets  Share of investments in real estate assets involved 
in the extraction, storage, transport or manu­
facture of fossil fuels  
Energy efficiency  18. Exposure to energy-inefficient real estate 
assets  Share of investments in energy-inefficient real 
estate assets  
Other indicators for principal adverse impacts on sustainability factors  
[Information on the principal adverse impacts on sustainability factors referred to in Article 6(1), point (a) in the format in Table 2 ] 
[Information on the principal adverse impacts on sustainability factors referred to in Article 6(1), point (b), in the format in  Table 3 ] ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 49
 [Information on any other adverse impacts on sustainability factors used to identify and assess additional principal adverse imp acts on a sustainability factor referred to in Article 6(1), point (c), in 
the format in Table 2 or Table 3 ] 
Description of policies to identify and prioritise principal adverse impacts on sustainability factors  
[Information referred to in Article 7 ] 
Engagement policies  
[Information referred to in Article 8 ] 
References to international standards  
[Information referred to in Article 9 ] 
Historical comparison  
[Information referred to in Article 10 ] 
Table 2  
Additional climate and other environment-related indicators 
Adverse sustainability impact  Adverse impact on sustainability factors 
(qualitative or quantitative)  Metric  
Indicators applicable to investments in investee companies  
CLIMATE AND OTHER ENVIRONMENT-RELATED INDICATORS  
Emissions  1. Emissions of inorganic pollutants  Tonnes of inorganic pollutants equivalent per million EUR inve sted, 
expressed as a weighted average  
2. Emissions of air pollutants  Tonnes of air pollutants equivalent per million EUR invested, expressed as 
a weighted average  
3. Emissions of ozone-depleting substances  Tonnes of ozone-depleting substances equivalent per million EU R invested, 
expressed as a weighted average  
4. Investments in companies without carbon emission 
reduction initiatives  Share of investments in investee companies without carbon emiss ion 
reduction initiatives aimed at aligning with the Paris Agreemen t ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 50
 Energy performance  5. Breakdown of energy consumption by type of non- 
renewable sources of energy  Share of energy from non-renewable sources used by investee com panies 
broken down by each non-renewable energy source  
Water, waste and material 
emissions  6. Water usage and recycling  1. Average amount of water consumed by the investee companies (in cubic 
meters) per million EUR of revenue of investee companies 
2. Weighted average percentage of water recycled and reused by investee 
companies  
7. Investments in companies without water management 
policies  Share of investments in investee companies without water manage ment 
policies  
8. Exposure to areas of high water stress  Share of investments in investee companies with sites located in areas of 
high water stress without a water management policy  
9. Investments in companies producing chemicals  Share of investments in investee companies the activities of w hich fall 
under Division 20.2 of Annex I to Regulation (EC) No 1893/2006  
10. Land degradation, desertification, soil sealing  Share of investments in investee companies the activities of w hich cause 
land degradation, desertification or soil sealing  
11. Investments in companies without sustainable land/ 
agriculture practices  Share of investments in investee companies without sustainable land/agri­
culture practices or policies  
12. Investments in companies without sustainable oceans/ 
seas practices  Share of investments in investee companies without sustainable oceans/seas 
practices or policies  
13. Non-recycled waste ratio  Tonnes of non-recycled waste generated by investee companies p er million 
EUR invested, expressed as a weighted average  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 51
 14. Natural species and protected areas  1. Share of investments in investee companies whose operations  affect 
threatened species 
2. Share of investments in investee companies without a biodive rsity 
protection policy covering operational sites owned, leased, man aged 
in, or adjacent to, a protected area or an area of high biodive rsity 
value outside protected areas  
15. Deforestation  Share of investments in companies without a policy to address deforestation  
Green securities  16. Share of securities not issued under Union legislation 
on environmentally sustainable bonds  Share of securities in investments not issued under Union legis lation on 
environmentally sustainable bonds  
Indicators applicable to investments in sovereigns and supranationals  
Green securities  17. Share of bonds not issued under Union legislation on 
environmentally sustainable bonds  Share of bonds not issued under Union legislation on environmen tally 
sustainable bonds  
Indicators applicable to investments in real estate assets  
Greenhouse gas emissions  18. GHG emissions  Scope 1 GHG emissions generated by real estate assets  
Scope 2 GHG emissions generated by real estate assets  
Scope 3 GHG emissions generated by real estate assets  
Total GHG emissions generated by real estate assets  
Energy consumption  19. Energy consumption intensity  Energy consumption in GWh of owned real estate assets per squa re meter  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 52
 Waste  20. Waste production in operations  Share of real estate assets not equipped with facilities for w aste sorting and 
not covered by a waste recovery or recycling contract  
Resource consumption  21. Raw materials consumption for new construction and 
major renovations  Share of raw building materials (excluding recovered, recycled and 
biosourced) compared to the total weight of building materials used in 
new construction and major renovations  
Biodiversity  22. Land artificialisation  Share of non-vegetated surface area (surfaces that have not be en vegetated 
in ground, as well as on roofs, terraces and walls) compared to  the total 
surface area of the plots of all assets  
Table 3  
Additional indicators for social and employee, respect for human rights, anti-corruption and anti-bribery matters 
INDICATORS FOR SOCIAL AND EMPLOYEE, RESPECT FOR HUMAN RIGHTS, ANTI-CORRUPTION AND ANTI-BRIBERY MATTERS  
Adverse sustainability impact  Adverse impact on sustainability factors 
(qualitative or quantitative)  Metric  
Indicators applicable to investments in investee companies  
Social and employee matters  1. Investments in companies without workplace accident 
prevention policies  Share of investments in investee companies without a workplace accident 
prevention policy  
2. Rate of accidents  Rate of accidents in investee companies expressed as a weighte d average  
3. Number of days lost to injuries, accidents, fatalities or 
illness  Number of workdays lost to injuries, accidents, fatalities or i llness of 
investee companies expressed as a weighted average  
4. Lack of a supplier code of conduct  Share of investments in investee companies without any supplie r code of 
conduct (against unsafe working conditions, precarious work, ch ild labour 
and forced labour)  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 53
 5. Lack of grievance/complaints handling mechanism 
related to employee matters  Share of investments in investee companies without any grievanc e/ 
complaints handling mechanism related to employee matters  
6. Insufficient whistleblower protection  Share of investments in entities without policies on the prote ction of whist­
leblowers  
7. Incidents of discrimination  1. Number of incidents of discrimination reported in investee companies 
expressed as a weighted average 
2. Number of incidents of discrimination leading to sanctions i n investee 
companies expressed as a weighted average  
8. Excessive CEO pay ratio  Average ratio within investee companies of the annual total co mpensation 
for the highest compensated individual to the median annual tot al compen­
sation for all employees (excluding the highest-compensated ind ividual)  
Human Rights  9. Lack of a human rights policy  Share of investments in entities without a human rights policy  
10. Lack of due diligence  Share of investments in entities without a due diligence proce ss to identify, 
prevent, mitigate and address adverse human rights impacts  
11. Lack of processes and measures for preventing traf­
ficking in human beings  Share of investments in investee companies without policies aga inst traf­
ficking in human beings  
12. Operations and suppliers at significant risk of incidents 
of child labour  Share of investments in investee companies exposed to operation s and 
suppliers at significant risk of incidents of child labour in t erms of 
geographic areas or type of operation  
13. Operations and suppliers at significant risk of incidents 
of forced or compulsory labour  Share of the investments in investee companies exposed to opera tions and 
suppliers at significant risk of incidents of forced or compuls ory labour in 
terms in terms of geographic areas and/or the type of operation  
14. Number of identified cases of severe human rights 
issues and incidents  Number of cases of severe human rights issues and incidents con nected to 
investee companies on a weighted average basis  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 54
 Anti-corruption and anti-bribery  15. Lack of anti-corruption and anti-bribery policies  Share of investments in entities without policies on anti-corr uption and anti- 
bribery consistent with the United Nations Convention against C orruption  
16. Cases of insufficient action taken to address breaches 
of standards of anti-corruption and anti-bribery  Share of investments in investee companies with identified insu fficiencies 
in actions taken to address breaches in procedures and standard s of anti- 
corruption and anti-bribery  
17. Number of convictions and amount of fines for 
violation of anti-corruption and anti-bribery laws  Numbers of convictions and amount of fines for violations of an ti- 
corruption and anti-bribery laws by investee companies  
Indicators applicable to investments in sovereigns and supranationals  
Social  18. Average income inequality score  The distribution of income and economic inequality among the p articipants 
in a particular economy including a quantitative indicator expl ained in the 
explanation column  
19. Average freedom of expression score  Measuring the extent to which political and civil society orga nisations can 
operate freely including a quantitative indicator explained in the expla­
nation column  
Human rights  20. Average human rights performance  Measure of the average human right performance of investee cou ntries 
using a quantitative indicator explained in the explanation col umn 
Governance  21. Average corruption score  Measure of the perceived level of public sector corruption usi ng a quanti­
tative indicator explained in the explanation column  
22. Non-cooperative tax jurisdictions  Investments in jurisdictions on the EU list of non-cooperative  jurisdictions 
for tax purposes  
23. Average political stability score  Measure of the likelihood that the current regime will be over thrown by the 
use of force using a quantitative indicator explained in the ex planation 
column  
24. Average rule of law score  Measure of the level of corruption, lack of fundamental rights , and the 
deficiencies in civil and criminal justice using a quantitative  indicator 
explained in the explanation column  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 55  
ANNEX II  
Template pre-contractual disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of 
Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 56
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 57
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 58
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 59
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 60
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 61  
ANNEX III  
Template pre-contractual disclosure for the financial products referred to in Article 9, paragraphs 1 to 4a, of 
Regulation (EU) 2019/2088 and Article 5, first paragraph, of Regulation (EU) 2020/852
  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 62
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 63
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 64
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 65
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 66
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 67  
ANNEX IV  
Template periodic disclosure for the financial products referred to in Article 8, paragraphs 1, 2 and 2a, of 
Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852
  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 68
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 69
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 70
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 71
  
▼C1
02022R1288 — EN — 25.07.2022 — 000.001 — 72
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 73  
ANNEX V  
Template periodic disclosure for the financial products referred to in Article 9, paragraphs 1 to 4a, of Regulation 
(EU) 2019/2088 and Article 5, first paragraph, of Regulation (EU) 2020/852
  ▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 74
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 75
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 76
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 77
  
▼C1
 02022R1288 — EN — 25.07.2022 — 000.001 — 78
  
▼C1