The EU regulator has published guidance on climate transition and impact claims, outlining how market participants should explain sustainability objectives, support their claims with evidence and report progress.
The European Securities and Markets Authority (Esma) published two thematic notes on 12 October setting out expectations for sustainability-related claims covering climate transition and environmental or social impact. The notes do not introduce new regulatory requirements. Instead, they provide examples of good and poor practices to help market participants meet existing expectations that communications should be clear, fair and not misleading. The guidance focuses on non-regulatory communicat