In the United States, the Securities and Exchange Commission (SEC) has been active in providing guidance and publishing new environmental, social, and governance (ESG) requirements. But the European community continues to lead the way in relation to regulation and guidance. Nowhere is this more apparent than with the Sustainable Finance Disclosure Regulation (SFDR), a comprehensive set of rules adopted in 2019 aimed at improving transparency regarding sustainability claims.[1] Application of its main provisions began in 2021, but additional SFDR and related requirements are phased in from 2022 to 2024.