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ARTICLE · 26 JULY 2024

ESMA's Sustainable Finance Wish List

William Fry LLP
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Over the last 10 weeks or so, the ESAs have published a joint Final Report on Greenwashing, a Joint Opinion with recommendations on SFDR amendments...

European UnionEnvironment
Nessa Joyce
Nessa Joyce
Vincent Coyne
Vincent Coyne
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Despite the inevitable lull in EU policy making following recent elections, there has been no similar let up in sustainability-related missives from EU regulators.

Over the last 10 weeks or so, the ESAs have published a joint Final Report on Greenwashing, a Joint Opinion with recommendations on SFDR amendments, an EIOPA Opinion on sustainability claims and greenwashing and an ESMA Final Report on Guidelines for Funds' Names with ESG or sustainable terms.

The latest is an ESMA Opinion, published yesterday, with recommendations for improving the 'usability and coherence of the EU sustainable finance framework'. Five of the key recommendations in the Opinion are summarised below and range from replacing the SFDR sustainable investment definition to introducing a 'sustainability KID' for retail investors to moving beyond sustainable finance and developing a transition finance framework. Whether or not any of the recommendations are taken on board is of course,

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