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ARTICLE · 15 JULY 2025

ESMA Feedback On Integration Of Sustainability Risks And Disclosures

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The European Securities and Markets Authority (ESMA) has published its Final Report on the integration of sustainability risks and disclosures in the investment fund sector (Final Report).

United KingdomFinance and Banking
Tim Lewis
Tim Lewis
Phil Bartram
Phil Bartram
Michael Raymond
Michael Raymond
Danny Riding
Danny Riding
Samuel Brewer
Samuel Brewer
Henriika Hara
Henriika Hara
Nick Glynn
Nick Glynn
Simon Witney
Simon Witney
James Barnard
James Barnard
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The European Securities and Markets Authority (ESMA) has published its Final Report on the integration of sustainability risks and disclosures in the investment fund sector (Final Report).

The Final Report follows ESMA's Common Supervisory Action, which was launched in July 2023 and considered compliance by EU fund managers with:

  • the requirements under the Sustainable Finance Disclosure Regulation (SFDR);
  • the requirements in AIFMD and the UCITS Directive on the integration of sustainability risks; and
  • the ESMA Supervisory Briefing on sustainability risks and disclosures in investment management.

In terms of overall points:

  • there was thought to be an overall satisfactory level of compliance with the various regulatory requirements, but also some room for improvement: and

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