The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, published today its first Climate Transition Plan, an important milestone in aligning ESMA’s own operations with the European Union climate objectives.
Under this plan, and in line with the Paris Agreement, ESMA commits to reducing its gross greenhouse gas (GHG) emissions by 15.4% in 2027 and 31.4% in 2030, compared to 2023.
Through the implementation of the Climate Transition Plan, ESMA aims to reduce the carbon footprint of its operations, particularly in relation to staff business travel, energy use, and food consumption.
In the short term, progress towards this goal will be achieved through:
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introduction of an annual GHG budget to manage emissions from air travel,
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optimising floor occupancy during certain periods of the year to reduce energy consumption, and
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implementing incentives to lower-carbon practices in the purchase of goods and services.
This first plan has been put in place with the data currently available. It will be regularly reviewed, adapted, and improved.
Next Steps:
ESMA will implement decarbonisation levers and measures identified under this Climate Transition Plan and will report on the progress achieved annually, via its Annual Report and its Environmental Statement.
