ESMA chair calls for flexible international sustainability reporting standards

'Complementary' global and EU disclosure rules mooted

An international framework for sustainability reporting built on "the most advanced standards" possible are required to fuel "the green transition" in the coming years, according to ESMA chair Steven Maijoor, who called for a flexible but "robust" approach from international rule makers.

Speaking on a webinar hosted by the French Ministry for the Economy, Finance and Recovery on Tuesday (8 December), the pan-European securities and markets regulator's chair outlines what he sees as the key challenges to ensuring effective non-financial corporate disclosures. ESG Blog: SJP hits 2020 target for fund managers to be signatories of PRI Maijoor noted that investors from 'third' countries, such as the UK from the beginning of next year, will need to be able to assess EU companies effectively, while EU investors will need to be able to do the same to aid the "inte...