The European Securities and Markets Authority (ESMA) and the European Environment Agency (EEA) signed a Memorandum of Understanding (MoU) whose purpose is to strengthen cooperation in sustainable finance. The MoU focuses on environmental factors and their integration in the EU sustainable finance framework, including the supervision of the framework.
The MoU outlines how ESMA and the EEA will exchange expertise, information and data with one another and support mutual capacity building activities. ESMA and the EEA will also work together on facilitating the collaboration between national securities regulators and national authorities or agencies in charge of environmental protection. Furthermore, they will jointly work on enhancing policy dialogue on various areas of the sustainable finance agenda.
Both institutions recognise that their close cooperation on these tasks and activities will bring mutual benefits and synergies through preventing duplication of efforts, and ultimately contribute to addressing the significant challenges related to biodiversity, climate change and pollution.
