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ESMA Publishes Thematic Notes on Impact and Climate Transition Claims
ESMA published two non-binding thematic notes on sustainability-related claims about funds, bonds and benchmarks: one on positive impact claims and one on climate transition claims. They set out good and poor practices, including explaining how impact or transition will be achieved and measured.
European Securities and Markets Authority
Date Added
17 October 2026 at 19:54:14
Why it matters
Extends ESMA's anti-greenwashing guidance series to impact and transition language, which supervisors are likely to use as a benchmark when reviewing marketing.
Cite this case: EcoAppraise (2026) 'ESMA Publishes Thematic Notes on Impact and Climate Transition Claims', Global Enforcement & Advisory Registry. Available at: https://www.ecoappraise.com/cases/esma-publishes-thematic-notes-on-impact-and-climate-transition-claims (Accessed: 19 October 2026). Original source: European Securities and Markets Authority, 17 October 2026.
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