ESG Comparative Guide

1 Legal and enforcement framework

1.1 What regulatory regimes and codes of practice primarily govern environmental, social and governance (ESG) regulation and implementation in your jurisdiction?

The ESG regulatory regime in Malta comprises a number of EU regulations, national laws and codes of practice. The array of ESG-related regulations developed by the European Union constitutes the backbone of Malta's ESG regulatory regime, with the main substantive EU ESG regulations being:

• the Taxonomy Regulation (2020/852);
• the Low Carbon Benchmark Regulation (2019/2089);
• the Sustainable Finance Disclosure Regulation (2019/2088) (including the regulatory technical standards);