Clifford Chance

Another step towards sustainability: ESMA consultation on short-termism in financial markets – what are the issues for asset managers?

2 July 2019

Another step has been taken towards fostering sustainable growth in the EU with the publication by ESMA of a survey on undue short-term pressure on corporations from the financial sector.

This development relates to Action Point 10 of the European Commission’s Sustainable Finance Action Plan, which was published in March 2018. Action Point 10 focused on “fostering sustainable corporate governance and attenuating short-termism in capital markets”.

In this briefing, we outline the key areas covered by the survey and some of the issues they may raise for asset managers.

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