Regulatory Alerts2025-07-08
Added · Updated
ESMA Thematic Note on Clear, Fair & Not Misleading Sustainability-Related Claims
The European Securities and Markets Authority published a thematic note outlining four guiding principles for making sustainability claims in non-regulatory communications, aligned with previous publications from the European Insurance and Occupational Pensions Authority and the European Banking Authority. The note provides practical do’s and don’ts with concrete examples of good and poor practices, focusing on sustainability credentials such as labels or awards used in retail-investor focused communications. It does not introduce new regulatory or reporting requirements but aims to support market participants in making clear, fair, and not misleading sustainability claims.
Circular Triq l-Imdina, Zone 1 Central Business District, Birkirkara CBD 1010 +356 2144 1155 communications@mfsa.mt www.mfsa.mt ESMA Thematic Note on Clear, Fair & Not Misleading Sustainability-Related Claims The Authority would like to draw your attention that the European Securities and Markets Authority (ESMA) published a thematic note on sustainability-related claims used in nonregulatory communications. The publication outlines four guiding principles on making sustainability claims, aligned with previous publications from the European Insurance and Occupational Pensions Authority (EIOPA) and the European Banking Authority (EBA), and offers practical do’s and don’ts, illustrated through concrete examples of good and poor practices, based on observed market practices. The thematic note focuses on sustainability credentials such as labels or awards, as these references are among the most used claims in retail-investor focused communications. It does not introduce new regulatory or reporting requirements, but aims to support market participants making clear, fair and not misleading sustainability claims. 8 July 2025