The European Securities and Markets Authority (ESMA) welcomes the European Commission’s proposal to update the non-binding Guidelines on non-financial reporting with the introduction of a specific supplement addressing climate-related disclosures. ESMA takes the opportunity to make some recommendations on how the Guidelines can be further developed to promote higher quality disclosures.
“Last Friday, more than 1.4 million young people in 120 countries around the world took part in a record-breaking event. It was the first ever global school strike for the climate, and it sent a powerful message: climate change is a global threat, and we urgently need to work together to stop it.”
Today, the European Insurance and Occupational Pensions Authority (EIOPA) announced the request addressed to insurance undertakings of the European Economic Area (EEA) and subject to Solvency II to provide the following information: Information on the Long-Term Guarantees (LTG) measures; Information on the dynamic volatility adjustment; Information on long-term illiquid liabilities.