Legal & Regulatory News

European Securities and Markets Authority publishes briefing on the supervision of the integration of sustainability risks and disclosures in the area of asset management

On 31 May 2022, the European Securities and Markets Authority (ESMA) published a supervisory briefing which sets out guidance on the supervision of the integration of sustainability risks and disclosures in the asset management industry (ESMA34-45-1427) (the Briefing).

The Briefing is intended to promote convergence among national competent authorities on the supervision of sustainability-related disclosures, as well as the supervision of how fund managers integrate sustainability risks in their organisational framework and decision-making process. This common regulatory approach is intended to serve to increase transparency for investors and to mitigate risks of “greenwashing” in the market.

Click here to access the Briefing.