Article 9 imposes pre-contractual disclosure obligations on financial products that have sustainable investment as their objective. Sustainable investment is defined in Article 2(17) (positive contribution + DNSH + good governance). Article 9(1) requires (a) information on how the sustainable investment objective is to be attained + (b) if an index is designated as a reference benchmark, information on how that index is aligned with that objective + an explanation as to why and how the designated index aligned with that objective differs from a broad market index. Article 9(2) where no index is designated: an explanation on how that objective is to be attained. Article 9(3) where the objective is a reduction in carbon emissions: information on the EU Climate Transition Benchmark (CTB) or EU Paris-Aligned Benchmark (PAB) designation under Regulation (EU) 2016/1011 (the Benchmark Regulation as amended by (EU) 2019/2089); where no CTB or PAB is available the disclosure must explain the continued effort + how a CTB / PAB will be deemed to apply. Article 9(4) Article 9 product disclosures follow the SFDR RTS Annex III template (Articles 14-23 + Annex III): planned 100% minimum share in sustainable investments + Taxonomy-aligned breakdown + DNSH demonstration + carbon-emission-reduction CTB / PAB designation where relevant. Article 9 products are commonly referred to as 'dark-green'.
The graph holds this control, the 0 it maps to, and the evidence behind each claim, over MCP and REST.