Study on the Feasibility, Minimum Standards and Transparency Requirements of an EU ESG Benchmark Label

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Regulation (EU) 2016/10011 requires the Commission to present to the European Parliament and the Council, before 31 December 2022 a report on the impact of this Regulation and on the feasibility of an ‘ESG benchmark’ that shall be accompanied, where appropriate by a legislative proposal. In the consultation on the renewed sustainable finance strategy, a question was asked to market participants on whether the EU should take action to create such label with the majority responding that the EU should take action to create an ‘ESG benchmark’. Many market participants would welcome the creation of such new EU label in order to integrate social and governance considerations, on top of climate, which is the main focus of the EU Climate Benchmarks, which have been recently introduced.The general objective of this study is to obtain a comprehensive analysis regarding the feasibility of the creation of an EU ESG Benchmark label, including the minimum standards and transparency requirements.