06/07/2023 (Agence Europe) – On Thursday 6 July, the European Securities and Markets Authority (ESMA) launched a Common Supervisory Action with national competent authorities (NCAs) on sustainability-related disclosures and the integration of sustainability risks. The objective is to assess the compliance of supervised asset managers with the relevant provisions of the Sustainable Finance Disclosure Regulation (SFDR), the Taxonomy Regulation and the relevant implementing measures. This assessment also includes the relevant provision of the implementing acts for undertakings for collective investment in transferable securities (UCITS) and the ‘AIFMD’ directive on alternative investment fund managers on the integration of sustainability risks (see EUROPE 13193/20). ESMA hopes to assess whether market participants are complying with the rules and standards applicable in practice and to identify the risks of greenwashing. (AD)