The European Commission has today put out a €300k tender to undertake a study into the feasibility of introducing a label for ESG benchmarks.
Plans to develop such a label were announced in the Commission’s latest Sustainable Finance Strategy earlier this month.
The planned ESG benchmark category would be similar to the EU’s existing Paris-Aligned and Climate Transition benchmarks, which lay out some basic expectations for indices seeking to support Europe’s climate objectives. The new category would cover a wider range of sustainability and ESG factors.
The 12-month study should provide “comprehensive analysis regarding the feasibility of the creation of an EU ESG Benchmark label, including the minimum standards and transparency requirements”, the tender states. Its findi