At the Ministry of Finance-organised “Support to Sustainable Finance” conference in Zagreb, Croatian Financial Services Supervisory Agency Board President Ante Žigman set out how supervisors should support the green transition, arguing that regulation should enable sustainable market development while balancing oversight with innovation. He pointed to the European Commission’s Omnibus package on simplifying sustainability reporting as a way to reduce administrative burden, especially for small and medium-sized enterprises, and called for regulatory frameworks tailored to the Croatian market that maintain financial stability while incentivising the development of green financial instruments. On the Sustainable Finance Disclosure Regulation, Žigman highlighted the role of clearer transparency and participation policy requirements in strengthening financial institutions’ accountability in sustainable finance, and said intermediaries will need stronger cooperation with investee companies and issuers to improve oversight of ESG practices. He also referenced the Commission’s proposal to use the Voluntary Standard for SMEs to support voluntary disclosures by smaller firms not subject to mandatory sustainability reporting without creating additional administrative burden.

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