On 30 December 2025, there was published in the Official Journal of the EU, Commission Notice on the application of the sustainable finance framework and the Corporate Sustainability Due Diligence Directive to the defence sector. The Notice is intended to help market operators ensure compliance with the requirements of the EU sustainable finance framework in
ESMA TRV article – ‘Fund names: ESG-related changes and their impact on investment flows’
On 10 April 2025, the European Securities and Markets Authority issued a TRV risk analysis article, ‘Fund names: ESG-related changes and their impact on investment flows’. The article provides an analysis of the evolution of ESG names among EU-domiciled investment funds since 2009, including both UCITS and alternative investment funds. It also examines the
ESMA Q&As on the application of the guidelines on funds’ names using ESG or sustainability-related terms
On 13 December 2024, the European Securities and Markets Authority (ESMA) issued Q&As on the application of its guidelines on funds’ names using ESG or sustainability-related terms (Guidelines).
Background
On 21 August 2024, ESMA announced that it had published translations of the Guidelines in all official EU languages.
Following the publication
Let’s talk asset management: Episode 8 – ESMA’s guidelines on funds’ names using ESG or sustainability related terms
In this latest episode of our podcast series, Let’s talk asset management, Cyril Clugnac and Simon Lovegrove discuss the European Securities and Markets Authority’s final guidelines on funds’ names using ESG or sustainability-related terms. The guidelines apply from 21 November 2024.
We have also published a briefing note on ESMA’s guidelines.
Listen to the podcast
ESAs joint report on PAI disclosures under the SFDR
On 30 October 2024, the European Supervisory Authorities (ESAs) issued a joint report that assesses both entity and product-level Principal Adverse Impact (PAI) disclosures under the Sustainable Finance Disclosure Regulation (SFDR).
The report follows a survey from Member State competent authorities (NCAs) on the current state of
ESMA updates implementation timeline on sustainable finance
- Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SFDR).
- Regulation (EU) 2020/852 on the establishment of a framework to facilitate sustainable investment
Updated briefing note: ESMA guidelines on funds’ names using ESG or sustainability-related terms
We have updated our briefing note on ESMA guidelines on funds’ names using ESG or sustainability-related terms.
The updated briefing note is here.
FAQs on the implementation of the EU corporate sustainability reporting rules
On 7 August 2024, the European Commission (Commission) published frequently asked questions (FAQs) intended to clarify the interpretation of certain provisions on sustainability reporting introduced by the Corporate Sustainability Reporting Directive.
The FAQs also include a limited number of clarifications concerning the interpretation of certain provisions of the first set of
ESAs update consolidated Q&As on the SFDR
- For financial products falling under Article 8 or 9 SFDR, where the financial market participant making available
ESAs’ opinion – Assessment of the SFDR
On 18 June 2024, the European Supervisory Authorities (ESAs) published an opinion on the assessment of the Sustainable Finance Disclosure Regulation (SFDR).
The ESAs have delivered this opinion on their own initiative, and it is published in the context of the review of the SFDR by the European Commission (Commission