European Securities and Markets Authority (ESMA)
Climate Impact & Sustainability Data (2022)
Reporting Period: 2022
Environmental Metrics
ESG Focus Areas
- Sustainability-related disclosures
- Integration of sustainability risks
Climate Goals & Targets
Environmental Challenges
- Greenwashing
- Inconsistency in sustainability-related disclosures across fund documentation and marketing materials
- Difficulties for smaller and mid-sized fund managers in integrating sustainability risks
Mitigation Strategies
- Risk-based supervisory approach
- Development of checklists for assessing compliance
- Consistency checks across fund documentation and marketing materials
- Supervisory scrutiny of sustainability risk integration by all fund managers
- Administrative measures, including enforcement, for breaches
Supply Chain Management
Climate-Related Risks & Opportunities
Reporting Standards
Frameworks Used: SFDR (Regulation (EU) 2019/2088), TR (Regulation (EU) 2020/852)