ESMA publishes guidance on impact and climate transition claims
ESMA publishes guidance on impact and climate transition claims
The European Securities and Markets Authority (ESMA) has published two thematic notes on sustainability-related claims, covering positive impact claims and climate transition claims.
The impact note encourages market participants to explain the difference they expect to make, how positive impact will be generated and how results will be measured.
The transition note highlights the need to describe the transition ambition, implementation approach and assessment of progress, including relevant assumptions, data limitations and dependencies.
The notes include practical examples of good and poor practices for non-regulatory communications. They do not introduce new regulatory requirements and are intended to support clear, fair and not misleading communications and reduce greenwashing risk.
More details are available in the press release.
The impact note encourages market participants to explain the difference they expect to make, how positive impact will be generated and how results will be measured.
The transition note highlights the need to describe the transition ambition, implementation approach and assessment of progress, including relevant assumptions, data limitations and dependencies.
The notes include practical examples of good and poor practices for non-regulatory communications. They do not introduce new regulatory requirements and are intended to support clear, fair and not misleading communications and reduce greenwashing risk.
More details are available in the press release.