ESG (Environmental, Social, Governance) and sustainable finance considerations continue to play a key role in UK and EU regulatory agendas with聽2024 marking a significant shift from rule-writing to implementation, particularly for the firms captured under the EU鈥檚 Corporate Sustainability Reporting Directive (CSRD).
Supervisors are focused on:
- Robust corporate sustainability reporting and assurance, including development of detailed and credible transition plans.
- Mitigation of greenwashing risks 鈥� through better communications, product labels and application of taxonomies.
- Demonstrable progress in the identification, measurement and management of climate and nature-related financial risks, including more quantitative and granular approaches to scenario analysis.
- Appropriate corporate sustainability due diligence across all operations.
The regulatory pressure on financial services firms remains intense, due to expanding reporting and disclosure requirements, lower tolerance from supervisors where firms fail to meet expectations and growing momentum around nature and social impacts.聽On this page you will find insights and thought leadership from 乐鱼(Leyu)体育官网's EMA FS Regulatory Insight Centre on the steps that regulators and firms are taking to embed the E, S and G in the financial system.
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Michelle Adcock
Director, FS Regulatory Insight Centre, Risk and Regulatory Advisory
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