SFDR help centre
PAI Disclosures
What does “water usage” mean under PAI Indicator 6?
PAI Disclosures
How should GHG emissions be reported when investments are held through UCITS or delegated products?
PAI Disclosures
Which exchange rate should be used when converting foreign-currency values to EUR for SFDR?
PAI Disclosures
Do we disclose PAI 6 for all high-impact sectors combined, or separately for each sector?
PAI Disclosures
Is PAI Indicator 4 a pass/fail check, or do we need to measure the share of fossil-fuel activity?
PAI Disclosures
Do Article 4 PAI disclosures apply only to SFDR products or to all portfolio-management investments?
PAI Disclosures
Do sustainability-risk policies need to cover all investment decisions or only SFDR-relevant products?
PAI Disclosures
How do I calculate GHG emissions if I hold a company for only half of the year?
PAI Disclosures
Should PAI "water usage and recycling" use a normal average or a weighted average?
PAI Disclosures
Should GHG emissions for Indicator 18 be adjusted for the fund’s ownership share?
PAI Disclosures
How do I calculate fossil-fuel exposure for real estate in a multi-asset product?
PAI Disclosures
How do I calculate PAI "emissions to water" if no formula is provided?
PAI Disclosures
How do I report the board gender diversity PAI if there are no male board members?
PAI Disclosures
How do I complete the sovereign and real estate PAI indicators if I have no such investments?
PAI Disclosures
What should I do if an investee company’s enterprise value is negative for SFDR indicators?
PAI Disclosures
How should banks interpret “enterprise value including cash (EVIC)” for SFDR PAIs?
PAI Disclosures
For PAI "workdays lost" should I report absolute numbers or a weighted average?
PAI Disclosures
How should I handle timing differences between current investments and enterprise value in PAI calculations?
PAI Disclosures
How should FMPs adjust PAI reporting when new CSRD data creates differences from earlier estimates?
PAI Disclosures
How should PAIs be reported when part of a fund is delegated to another manager?
PAI Disclosures
Do IORPs who voluntarily consider PAIs need to report against the mandatory PAI indicators?
PAI Disclosures
Should we include sanctions against the FMP itself, or only sanctions against investee companies?
PAI Disclosures
Do financial sanctions like fines and penalties count as “sanctions” for SFDR?
PAI Disclosures
How should “incidents that lead to sanctions” be measured for Indicator 7.2?
PAI Disclosures
What guidance did the ESAs provide to help interpret social violations?
PAI Disclosures
Why is "Investee countries subject to social violations" difficult for industry to calculate?
PAI Disclosures
How should “investee countries subject to social violations” be interpreted?
Estimation of PAI
Do we need to disclose how much of our PAI data is estimated vs. reported?
PAI Disclosures
Who counts toward the 500-employee PAI threshold under SFDR?
PAI Disclosures
What does “considering PAI” mean under SFDR Article 7?
PAI Disclosures
Can small FMPs ignore PAI at entity level but consider PAI for specific products?
Estimation of PAI
Whose impacts must be disclosed in the due-diligence statement?
PAI Disclosures
Who counts toward the 500-employee threshold in SFDR?
PAI Disclosures
How should short positions be treated in PAI indicator calculations?
PAI Disclosures
What counts as “all investments” for PAI and Taxonomy calculations under SFDR?
Estimation of PAI
How should “current value of all investments” be calculated for PAI and Taxonomy disclosures?
Definition of Sustainable Investment
What qualifies an economic activity as contributing to environmental or social objectives under SFDR?
Definition of Sustainable Investment
Can general-purpose equity or corporate debt count as a sustainable investment under SFDR?
Scope Issues
Can SFDR Article 6(1) be used to avoid other EU sustainability-risk obligations?
Scope Issues
Does SFDR apply to non-EU AIFMs marketing funds into the EU?
Scope Issues
Does a registered AIFM need a website to publish Article 8/9 SFDR disclosures?
Scope Issues
How should small firms count employees for the SFDR Article 17 exemption?
Scope Issues
Does the SFDR apply to registered (or sub-threshold) AIFMs referred to in the AIFMD?
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