Integrating Double Materiality Into the Criteria of European Sustainable Finance Labels
欧州サステナブルファイナンスラベルの基準へのダブルマテリアリティの統合 (AI 翻訳)
Lévy, Nathalie, Moukoumia, Derick
🤖 gxceed AI 要約
日本語
本論文は、EUのサステナブルファイナンスラベル（SFDR、CSRD、タクソノミー）におけるダブルマテリアリティの統合状況を体系的にレビュー。PAI、グリーンシェア、セクター除外などの影響測定メカニズムの適用実態を分析し、規制の断片化や透明性不足、比較可能性の課題を指摘。調和と基準の標準化を提言し、ラベルの信頼性向上に貢献する枠組みを提供。
English
This paper systematically reviews the integration of double materiality into EU sustainable finance labels (SFDR, CSRD, Taxonomy). It analyzes impact measurement mechanisms such as Principal Adverse Impacts (PAI), green share, and sectoral exclusions, highlighting risks from regulatory fragmentation, transparency gaps, and comparability challenges. The study recommends harmonization and standardized criteria to enhance label credibility and effectiveness in supporting the transition to a sustainable economy.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ基準や有報でのサステナビリティ開示が進む中、EUのダブルマテリアリティ実装の課題と教訓は、日本の開示制度設計や投資家対応に示唆を与える。特に、ラベル認証の信頼性確保はグリーンウォッシング防止にも直結する。
In the global GX context
As the EU advances double materiality in sustainable finance labels, this paper's findings on implementation challenges—regulatory fragmentation, transparency gaps—offer critical lessons for global frameworks like ISSB and transition finance. It underscores the need for standardized criteria to ensure labels effectively drive capital toward sustainability goals.
👥 読者別の含意
🔬研究者:Provides a systematic framework for analyzing double materiality implementation in labeling schemes, highlighting gaps and harmonization needs.
🏢実務担当者:Offers insights on operationalizing double materiality in product labeling, useful for compliance and product development teams.
🏛政策担当者:Recommends standardization and oversight to improve label credibility, directly relevant for regulators designing or refining sustainable finance labels.
📄 Abstract（原文）
The integration of double materiality—combining financial and impact perspectives—has become pivotal in the European regulatory framework for sustainable finance labels (SFDR, CSRD, Taxonomy). Yet, its operational implementation remains inconsistent due to divergent national approaches, conceptual ambiguities, and a lack of standardization. This systematic review analyses how impact measurement mechanisms—such as Principal Adverse Impacts (PAI), green share, and sectoral exclusions—are applied, and highlights risks linked to regulatory fragmentation, transparency gaps, and comparability challenges. The findings reveal significant heterogeneity affecting the credibility and effectiveness of these labels. Reinforcing harmonization, standardized criteria, and oversight is recommended to ensure double materiality is meaningfully embedded in sustainable finance labeling. This study offers a valuable framework for policymakers, researchers, and practitioners working to strengthen the role of labels in supporting the transition to a sustainable economy.
🔗 Provenance — このレコードを発見したソース
gxceed は公開メタデータに基づく研究支援データセットです。要約・翻訳・解説は AI 支援で生成されています。 最終的な解釈・検証は利用者が原典資料に基づいて行うことを前提とします。