Online survey on the integration of sustainability risks and sustainability factors in the delegated acts under the Insurance Distribution Directive and the Solvency II Directive

EIOPA invites all the interested stakeholder to fill in an online survey for the Call for Advice from the European Commission on potential amendment to the delegated acts under the Insurance Distribution Directive (IDD) and the Solvency II Directive (SII) with regard to the integration of sustainability risks and sustainability factors.

On 24 May 2018, the European Commission adopted a package of measures on sustainable finance. The package included proposals aimed at establishing a unified EU classification system of sustainable economic activities ('taxonomy'); improving disclosure relating to sustainable investments and sustainability risks; creating a new category of benchmarks which will help investors compare the carbon footprint of their investments.

On 24 July 2018, the European Commission has requested the European Securities and Markets Authority (ESMA) and  the European Insurance and Occupational Pensions Authority (EIOPA) 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 SII Directive with regard to the integration of sustainability risks and sustainability factors (see mandate). 

In view of the novelty of this topic, EIOPA 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 kindly invites market participants and stakeholders to participate in this survey and to comment on the questions raised.

Comments are most helpful if they:

•             respond to the question stated, where applicable; and

•             contain a clear rationale.

You are invited to complete the survey by 4 October 2018, 12:00 by clicking here.

Given that EIOPA is also in the process of carrying out other public consultations and data gathering exercises with market participants, EIOPA is very appreciative of any initial input that stakeholders are able to provide by this date on a "best effort" basis.

In case of questions, please contact sustainablefinance@eiopa.europa.eu

Publication of responses

Contributions received will be published on EIOPA's public website unless you request otherwise in the respective field in the template for comments. 

Please note that EIOPA is subject to Regulation (EC) No 1049/2001 regarding public access to documents and EIOPA's rules on public access to documents.

Contributions will be made available at the end of the public consultation period.

Data protection

Please note that personal contact details (such as name of individuals, email addresses and phone numbers) will not be published. They will only be used to request clarifications if necessary on the information supplied.

EIOPA, as a European Authority, will process any personal data in line with Regulation (EC) No 45/2001 on the protection of the individuals with regards to the processing of personal data by the Community institutions and bodies and on the free movement of such data. More information on data protection can be found at https://eiopa.europa.eu/ under the heading 'Legal notice'.