Regulatory Alerts2025-04-09
Final Report on the Common Supervisory Action on ESG disclosures under the Benchmarks Regulation
ESMA and National Competent Authorities conducted a Common Supervisory Action to assess EU benchmark administrators' compliance with ESG disclosure requirements under the Benchmarks Regulation. The report identifies divergent calculation practices and inconsistent assumptions across administrators, leading to recommendations for clarifying definitions and methodologies for both mandatory and voluntary ESG factors. It further proposes streamlining Level 2 measures to reduce regulatory burden while safeguarding the meaningfulness of disclosed ESG information to prevent greenwashing.
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