On 12 September 2018, EIOPA launched an online survey and a related webpage on the integration of sustainability risks and sustainability factors in the delegated acts under the Insurance Distribution Directive (IDD) and the Solvency II Directive.
On 1 August 2018, EIOPA published a European Commission request for advice addressed to EIOPA and the European Securities and Markets Authority (ESMA) regarding the Commission's May 2018 package of measures on sustainable finance. EIOPA and ESMA were requested to provide technical advice supplementing the initial package of proposals and to advise the Commission on potential amendments to, or introduction of, delegated acts under, amongst others, the IDD and the Solvency II Directive with regard to the integration of sustainability risks and sustainability factors.
In view of the novelty of this topic, EIOPA says that it would like to involve market participants and stakeholders at an early stage seeking their input to build up a suitable evidence base for the thorough development of robust policy recommendations, which will be consulted on at a later stage.
Therefore, EIOPA invites market participants and stakeholders to participate in the survey and to comment on the questions raised by 3 October 2018. EIOPA and ESMA are invited to provide their final technical advice to the Commission by 30 April 2019.