European regulators are leading with environmental, social, and governance (ESG) disclosure requirements, although given the direction the world is going – in terms of ESG framework development – other regulators will not be far behind. The European Banking Authority (EBA), European Securities and Market Authority (ESMA) and European Insurance and Occupational Pensions Authority (EIOPA) have coordinated their requirements to enable organizations to meet standardized ESG disclosure mandates. Those ESG disclosure requirements are coming into force in January 2022, with a two-year transition period concluding in 2024.
