ThinkTWENTY20

The European Securities and Markets Authority (ESMA) recently published a Strategy on Sustainable Finance which sets out how ESMA will include Environmental, Social, and Governance (ESG) considerations into its work. A key priority of 2020 will be the completion of a regulatory framework for disclosure requirements on sustainability-related disclosures in the financial services sector.

"’Key pillars supporting the shift towards a more sustainable financial system are the measurement, verification and disclosure of ESG factors. It is important that public authorities step in and establish robust ESG standards and supervise the relevant actors and products to prevent the risk of greenwashing;’ said Steven Maijoor, Chair of ESMA, in a keynote address on sustainable finance issues at the European Financial Forum in Dublin.” (source) 

You can find the ESMA strategy document here.