ESG ratings
What are ESG ratings? And why do they often seem to be disconnected from reality? In November 2022, after the decision of the Colombian Ministry of Labor to open an…
European Authorities’ recommendations for financial education
On January 12th 2023, the three European Supervisory Authorities (EBA, EIOPA and ESMA) published a review on financial education initiatives. The initiatives at issue are those carried out by National…
Ecological economics
Beyond the passage to a new year, 31 December 2022 marked the end of the deadline given by the Paris Administrative Court to the French State to act to limit…
Introduction to Social Preference Research
Behavioral Economics research - and later, Social Preferences research - started with lab experiments in the 1970s, where experimental economists found that their subjects' behavior systematically deviated from self-interest behavior…
The 27th edition of the United Nations Climate Change Conference (COP27)
The 27th edition of the Conference of the Parties (COP27) ended on Sunday 20 November 2022 in the seaside resort of Sharm El-Sheikh (Egypt). While some are talking about the…
Double materiality and environmental accounting
European (Corporate Sustainability Reporting Directive – CSRD) and international (International Sustainability Standards Board – ISSB) environmental accounting standards are in conflict on a major issue: double materiality. The fact that…
What are the plans of ESMA regarding sustainable finance?
Sustainable finance, a key area of the ESMA strategy for the years 2023 to 2028. It consists of five key areas: Effective financial markets and financial stability Supervision and supervisory…
ESMA’s work programme and its objectives
On 12nd of October, ESMA presented its work programme for the years 2023 to 2028. With a new President and Director General in place, ESMA could not disappoint with this…
Assessing clients’ ESG preferences, a new technological challenge
The final version of ESMA's guidelines on the assessment of clients' ESG preferences was eagerly awaited, it came out the 23rd of September. Even if they give a little more…
ESG Products: a sustainable and profitable trend
Sustainable finance refers to an investment approach that integrates environmental, social, and governance (ESG criteria). In line with the concerns of the public, the rise of sustainable finance dates from…