ESMA consults on draft guidelines for supervision of corporate sustainability information

ESMA consults on draft guidelines for supervision of corporate sustainability information

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Tuesday, January 2, 2024

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ESMA consults on draft guidelines for supervision of corporate sustainability information
15/12/2023
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has launched a consultation on a set of draft Guidelines on Enforcement of Sustainability Information and is inviting comments from interested stakeholders by 15 March 2024.
The main goals of the draft Guidelines are to:
- Ensure that national competent authorities carry out their supervision of listed companies’ sustainability information under the Corporate Sustainability Reporting Directive (CSRD), the European Sustainability Reporting Standards and Article 8 of the Taxonomy Regulation in a converged manner; and
- Establish consistency in, and equally robust approaches to, the supervision of listed companies’ sustainability and financial information; this will facilitate increased connectivity between the two types of reporting.
The consultation paper will be of interest to listed companies required to publish sustainability information by the CSRD and Article 8 of the Taxonomy Regulation, to investors and other users of sustainability information and to auditors and independent assurance services providers.
Next steps
ESMA will consider the feedback received and expects to publish the final Guidelines in Q3 2024.