Spanish watchdog introduces sustainable finance section on website
The new section dedicated to sustainable finance on the website of the Spanish financial market authority has been established as a reference point for local investors.
It contains key definitions, descriptions and types, as well as the main axes of the regulatory framework, developments and updates. The section also gathers information related to the regulator's participation in various organisations at international, European and national levels, where new regulations in the area of sustainable finance and the supervision thereof are defined.
In a video introducing the principles of sustainable finance, CNMV's vice-chairwoman Ana Martínez-Pina, said challenges faced by regulators upon the matter are “firstly, to clarify what a sustainable investment is and what a sustainable product is to avoid fraud, what is currently known as greenwashing. Secondly, to have a clear and harmonised regulatory framework to enable companies to submit non-financial information on sustainability, when it is taken into account, in a homogeneous and comparative manner in all European regulations.”