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Ditch SFDR definition of sustainable investments, replace Articles 8 & 9, ESMA suggests

The EU should ditch the 'sustainable investment' definition in its Sustainable Finance Disclosure Regulation (SFDR) and introduce a two-tier categorisation system that would effectively replace the current SFDR Articles 8 and 9, an EU regulator recommends.

Missing data no excuse for not fulfilling CSRD reporting, ESMA warns

EU regulators pitch SFDR 'sustainability scale' and 'transition' category

EU regulators have suggested creating a category for 'transition investment' and a scale by which the relative sustainability of investments can be judged in an opinion on the review of the EU Sustainable Finance Disclosure Regulation.

European regulators make recommendations in greenwashing reports

The EU's three principal financial services regulators have called for enhanced supervision and improved market practice on sustainability-related claims in new reports on greenwashing in the financial sector.

Management-level oversight required for use of AI to sort sustainability data, ESMA says

ESMA fund guidelines may be headwind for sustainable bonds, says Abrdn

The recently published sustainable fund naming guidelines published by the European Securities and Markets Authority (ESMA) could dampen demand for labelled sustainable bonds, according to Abrdn.

EU ESG funds told to prove their sustainable investment claims under new rules

EU funds with any ESG-related words in their name must ensure that at least 80% of their investments reflect this wording, and must exclude companies that derive a large part of their revenues from fossil fuels, under new rules confirmed today (14 May).

ESMA proposes mandating ESG transparency in credit ratings

The European securities regulator has proposed requiring credit ratings agencies to explicitly state where and how ESG factors are incorporated in their methodologies.

ESMA launches EU green bond external reviewer consultation

The European Securities and Markets Authority (ESMA) launched a consultation on the draft technical standards it plans to use for the registration and supervision of external reviewers of bonds issued in line with the EU Green Bond Standard (EU GBS).

French companies sound alarm at 'greenwashing' in ESMA sustainability enforcement rules

The French Association of Large Companies (AFEP) has voiced concern that draft rules for regulators enforcing the disclosure of sustainability-related information will too strictly police perceived 'greenwashing' and be complex to apply.