The level of compliance with the framework on integrating sustainability risks and disclosures is satisfactory overall, but improvements are needed, according to the European Securities and Markets Authority (ESMA) in its report published on Monday 30 June (see EUROPE B13650A4).
These improvements relate in particular to information at entity and product level, as required by the ‘SFDR’ regulation on disclosures in sustainable finance.
ESMA revealed that the joint supervisory action...