ESMA publishes statement on sustainability disclosures in prospectuses

Article summary

The European Securities and Markets Authority (ESMA) has issued a public statement outlining expectations for sustainability disclosures in prospectuses. The statement aims to ensure coordinated scrutiny of sustainability-related disclosure by national competent authorities (NCAs) and provide issuers with clarity on the disclosure expectations. It emphasises the importance of non-financial reporting and future sustainability reporting in prospectuses, particularly in relation to the Prospectus Regulation (PR). The statement also clarifies the disclosure requirements for non-equity securities linked to ESG objectives. ESMA and NCAs will continue monitoring the market and may modify the guidance based on new products or legislative changes.