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ARTICLE · 17 SEPTEMBER 2025

ESMA Publishes Findings From CSA On Sustainability Risks And Disclosures

Dillon Eustace
Dillon Eustace
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On 30 June 2025, ESMA published its final report on the 2023-2024 Common Supervisory Action (CSA) on the integration of sustainability risks and disclosures (Report).

IrelandFinance and Banking
Cillian Bredin
Cillian Bredin
Aisling O'Malley
Aisling O'Malley
Alanna Hannon
Alanna Hannon
Áine McCarthy
Áine McCarthy
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What has ESMA published?

On 30 June 2025, ESMA published its final report on the 2023-2024 Common Supervisory Action (CSA) on the integration of sustainability risks and disclosures (Report).

In it, ESMA sets out its key findings from the CSA initiated by it and EU national competent authorities (NCAs) in July 2023 on the integration of sustainability risks and disclosures in the investment funds sector.

In the Report, ESMA notes that there is "room for improvement" on the integration of sustainability risks and SFDR disclosures. The Report also sets out some 'good practices', 'below average practices' and 'examples of non-compliance' identified by NCAs in conducting the CSA.

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