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  • Studio Paci

🌍ESMA Publishes Explanatory Notes on Sustainable Finance: A Guide for Responsible Investors

📜Introduction

ESMA (European Securities and Markets Authority) has recently published three documents of great relevance to the sustainable finance sector. These explanatory notes aim to provide clarification on key concepts for responsible investors.


🔍Key Topics of the Notes

  • Definition of Sustainable Investment: It focuses on understanding what qualifies an investment as sustainable.

  • DNSH Principle: Explores the importance of the "do not significant harm" (DNSH) principle, essential to avoid significant harm.

  • Use of Estimates: Investigates the application of estimates and equivalent information for the preparation of ESG metrics.

🎯Goals

The notes from ESMA are designed to:

  • Provide detailed information on the EU legislative framework for sustainable finance.

  • Assist stakeholders in better understanding regulatory requirements and their application.

  • Clarify the concept of sustainability and its integration into the EU regulatory framework.

  • Illustrate the interplay between various regulations, such as the Taxonomy Regulation, the Sustainable Finance Disclosure Regulation (SFDR), and the Benchmark Regulation (BMR).


💼Meaning for Investors

  • The notes are a valuable resource for investors who want to adopt a responsible approach.

  • They help navigate and apply sustainability principles in a concrete and informative manner.

  • They contribute to greater transparency and understanding of ESG sustainability indicators.

🏁Conclusions

The ESMA initiative represents a significant step towards greater clarity and support for investors in the field of sustainable finance.

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