The FSMA wishes to draw the attention of issuers and their advisors to ESMA’s public statement on sustainability disclosures in prospectuses.
The statement is intended to provide clarity about the disclosure requirements that issuers must fulfil with respect to sustainability-related matters in both equity and non-equity prospectuses that have an “ESG” component (environmental, social and governance criteria, typically in ‘green’ bonds), based on the Prospectus Regulation and its delegated regulations. Final terms are also addressed.
Although the statement is addressed to supervisory authorities, ESMA invites issuers and their advisors to take them into consideration when drawing up prospectuses, especially as regards information relating to sustainability.