Recital 29

(29)Disclosures of the integration of sustainability risks and the consideration of adverse sustainability impacts on investment decision-making to investors are insufficiently developed because such disclosures are not yet subject to harmonised requirements. Pursuant to Regulation (EU) 2019/2088 of the European Parliament and of the Council ¹² , manufacturers of financial products and financial advisers to end-investors are obliged to consider the principal adverse impacts of investment decisions on sustainability factors, and to disclose how their due diligence policies take those principal adverse impacts into account. The disclosures of adverse sustainability impacts are accompanied by regulatory technical standards, which are jointly developed by EBA, ESMA and EIOPA (collectively, the ‘European Supervisory Authorities’) on the content, methodologies and presentation of the relevant information to be disclosed under Regulation (EU) 2019/2088. Originators of STS securitisations should also have the option to disclose specific information regarding the consideration of adverse impacts on sustainability factors, giving particular attention to climate and other environmental, social and governance-related impacts. To harmonise information disclosure and to ensure consistency between Regulation (EU) 2019/2088 and Regulation (EU) 2017/2402, the Joint Committee of the European Supervisory Authorities should develop regulatory technical standards, building as much as possible on their work in the context of Regulation (EU) 2019/2088 and adapting it, where necessary and relevant, to the specificities of securitisations.