Esma prioritises the fight against greenwashing in its sustainable finance roadmap
On 11 February 2022, the European Securities and Markets Authority (ESMA) published its Sustainable Finance Roadmap 2022-2024 and on 21 February 2022, the Sustainable Finance- implementation timeline.
ESMA identifies three priorities for its sustainable finance activities in the period from 2022 to 2024:
Tackling greenwashing and promoting transparency
Building NCAs’ and ESMA’s capacities (multi-year training programme, active sharing of supervisory experiences among NCAs).
Monitoring, assessing and analysing ESG markets and risks to identify emerging trends, risks and vulnerabilities that can have a high impact on investor protection and on financial markets stability.
ESMA will address its three priorities with a comprehensive list of actions across the following sectors: investment management, investment services, issuers’ disclosure and governance, benchmarks, credit and ESG ratings, trading and post-trading and financial innovation.