ESMA is one of three European Supervisory Authorities in the European Union (EU) and has a remit to improve the functioning of EU financial markets, enhance investor protection, and promote stable and orderly financial markets. As such, it has a central role in the development, implementation, and enforcement of the EU’s ‘Green Deal’ and, more specifically, its ‘Action Plan on Financing Sustainable Growth.’
The new CWG will advise ESMA’s Coordination Network on Sustainability (CNS), which promotes ‘the coordination of regulatory, supervisory and enforcement initiatives across securities regulators in the EU in the field of sustainable finance’.
Experts on the CWG come from various backgrounds and different segments of the sustainable investment value chain to support a cross-cutting approach to sustainable finance matters. The appointment is for an initial two-year term.