The European Securities and Markets Authority (ESMA) has published its inaugural Climate Transition Plan, marking a significant step in aligning the regulator’s internal operations with the European Union’s climate objectives.
In line with the Paris Agreement, ESMA has committed to reducing its gross greenhouse gas (GHG) emissions by 15.4% by 2027 and by 31.4% by 2030, using 2023 as the baseline year.
The plan outlines several key measures aimed at reducing the environmental impact of the authority’s activities. These include managing emissions from business air travel through the introduction of an annual GHG budget, optimising office space usage during specific periods to lower energy consumption, and encouraging the adoption of lower-carbon practices in procurement.
ESMA noted that this initial plan is based on currently available data and will be reviewed and refined as more information becomes available.
Looking ahead, ESMA will implement identified decarbonisation strategies and will report annually on progress through its Annual Report and Environmental Statement.
