ESMA and ESG Regulations
As the regulator of European securities, bonds and funds, the European Securities and Markets Authority has launched numerous ESG regulatory policies, including sustainable information disclosure requirements, ESG fund naming and investment rules, and ESG rating regulation.
The European Securities and Markets Authority has also published a series of reports on climate risks and greenwashing to help stakeholders understand the impact of these issues on the financial system.
ESMA, EBA and EIOPA Issues Opinions on Sustainability Reporting Standards
Three European regulation authorities (ESMA, EBA and EIOPA) issued their opinions on the draft of European Sustainability Reporting Standards (ESRS for short), the first edition published by the European Financial Reporting Advisory (EFRA) in November last year. The purpose of ESRS is to establish a common European sustainable reporting standard in order to promote the development of ESG and keep pace with global sustainable development
ESMA Issued New Naming Guidance to Curb ESG Greenwashing
In order to curb ESG greenwashing, more than 80% of investments related to ESG can be named as ESG funds, and more than 50% of minimum ESG investments related to sustainability can be named as sustainable funds