European Supervisory Authorities have issued a Consultation Paper on Environmental, Social and Governance (ESG) disclosure standards.
The joint consultation paper seeks input on proposed ESG disclosure standards for financial market participants, advisers, and products.
Developed under the EU Regulation on sustainability-related disclosures in the financial services sector, the disclosure standards aim to:
i) strengthen protection for end-investors;
ii) improve the disclosures to investors from a broad range of financial market participants and financial advisers; and
iii)improve the disclosures to investors regarding financial products.
Stakeholders are required to submit comments by September 1, 2020.
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