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ARTICLE · 26 AUGUST 2025

Sustainability Communications – ESMA Note On ESG Credentials

Weil, Gotshal & Manges LLP
Weil, Gotshal & Manges LLP
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Weil, Gotshal & Manges LLP

Weil, Gotshal & Manges LLP

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On 1 July 2025, the European Securities and Markets Authority ("ESMA") released its first thematic note (the "Note") in a series clarifying ESMA's expectations for sustainability communications...

United KingdomFinance and Banking
Amy Waddington
Amy Waddington
Bryony Pearson
Bryony Pearson
Kate Bystryk
Kate Bystryk
Imogen Waters
Imogen Waters

On 1 July 2025, the European Securities and Markets Authority ("ESMA") released its first thematic note (the "Note") in a series clarifying ESMA's expectations for sustainability communications made by financial institutions and asset managers. The Note aims to provide clarity on how sustainability claims should be communicated in financial markets, with a view to creating a standard across the market.

The Note forms part of wider efforts to reduce greenwashing risks in financial services and is influenced by the publication of various progress reports by ESMA, including the "Final Report on Greenwashing" and "Opinion on sustainability claims and greenwashing in the insurance and pensions sectors". It also follow the May 2024 publication of ESMA's new names guidelines for all funds marketed in the EU using environmental, social and governance ("ESG") or sustainability-related terms (see our Briefing "ESMA Guidelines for Funds Marketing with ESG and Sustainability

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