ESG and D&I

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…

On 14 January 2026, the European Securities and Markets Authority (ESMA) issued a thematic note on sustainability-related claims, focusing on ESG strategies.

The thematic note contains four principles for making sustainability claims to ensure that all claims are clear, fair, and not misleading and thereby avoid the risk of greenwashing. The principles do…

On 8 January 2026, there was published in the Official Journal of the EU, Commission Delegated Regulation (EU) 2026/73 of 4 July 2025 amending Delegated Regulation (EU) 2021/2178 as regards the simplification of the content and presentation of information to be disclosed concerning environmentally sustainable activities and Delegated Regulations (EU) 2021/2139 and (EU) 2023/2486 as…

On 17 December 2025, the European Commission approved in principle a draft Commission Notice on the interpretation and implementation of certain legal provisions of the Disclosures Delegated Act (Commission Delegated Regulation (EU) 2021/2178 of 6 July 2021) under Article 8 of the EU Taxonomy Regulation (Regulation (EU) 2020/852), as amended by the Omnibus Delegated Act…

On 17 December 2025, the European Securities and Markets Authority (ESMA) issued its latest TRV Risk Analysis covering the impact of its guidelines on the use of ESG or sustainability related terms in fund names.

Based on nearly 1,000 shareholder notifications from the 25 largest EU managers with assets under management of EUR…

On 16 December 2025, the European Parliament issued a press release stating that it had approved a provisional agreement between MEPs and the Council of the EU on the European Commission’s proposed Omnibus Directive reducing the scope of the Corporate Sustainability Reporting Directive and the Corporate Sustainability Due Diligence Directive.

The press release adds that…

On 9 December 2025, the European Parliament and the Council of the EU reached a provisional deal on the draft Omnibus Directive simplifying sustainability reporting and due diligence requirements for companies. The informal agreement simplifies the directives on corporate sustainability reporting and corporate sustainability due diligence by reducing the reporting burden and limiting the trickle-down…

On 5 November 2025, the European Banking Authority (EBA) published its final Guidelines on environmental scenario analysis, which complements the EBA Guidelines on the management of Environmental, Social and Governance (ESG) risks by specifying supervisory expectations regarding how institutions should conduct environmental scenario analysis.

Background

The Guidelines, like the Guidelines…

On 10 September 2025, the European Parliament (EP) published the text that it had adopted at first reading of a European Parliament legislative resolution on the proposal for a Regulation of the EP and of the Council amending Regulation (EU) No 909/2014 as regards a shorter settlement cycle in the Union. The EP…

On 9 September 2025, the Joint Committee of the European Supervisory Authorities (ESAs) published its fourth annual report on the extent of voluntary disclosure of principle adverse impacts (PAIs) under the Sustainable Finance Disclosure Regulation (SFDR).

Background

Article 18 of the SFDR provides that the ESAs must take stock…