On 15 July 2020, the European Supervisory Authorities (ESAs) jointly published a letter welcoming the European Commission’s public consultation on a renewed sustainable finance strategy as part of its European Green deal.

In the letter the ESAs discuss the following topics that they feel would further bolster Europe’s future sustainable finance strategy: (i) high-quality, user friendly sustainability data which would support, inter alia, better disclosures; (ii) a robust and proportionate regulatory framework to promote efficient risk management and a long-term perspective in financial decision making; and (iii) that investors and consumers can buy and use sustainable financial products in a safe and transparent way.