ESMA promotes clarity in claims on impact and transition 12 October 2026 Sustainable finance The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published two additional thematic notes on sustainability-related claims. Impact claims This thematic note examines positive impact claims made through funds and bonds. Market participants understand positive environmental or social impact differently and attach different levels of ambition to their impact claims. Therefore, they are encouraged to explain clearly what difference they expect…