The European Securities and Markets Authority (ESMA) has published its first Climate Transition Plan, setting out how it will align its own operations with European Union climate objectives. The plan commits ESMA, in line with the Paris Agreement, to reduce its gross greenhouse gas emissions by 15.4% in 2027 and 31.4% in 2030, compared with 2023. The plan prioritises reducing ESMA’s operational carbon footprint, particularly from staff business travel, energy use and food consumption. Near-term measures include introducing an annual greenhouse gas budget to manage emissions from air travel, optimising floor occupancy during certain periods of the year to reduce energy consumption, and implementing incentives to support lower-carbon practices in purchasing goods and services; ESMA notes the plan is based on currently available data and will be regularly reviewed and improved. Implementation is set to proceed through the decarbonisation measures identified in the plan, with progress to be reported annually through ESMA’s Annual Report and Environmental Statement.
European Securities and Markets Authority 2025-07-08
European Securities and Markets Authority publishes first Climate Transition Plan targeting 15.4% and 31.4% cuts in gross greenhouse gas emissions by 2027 and 2030
The European Securities and Markets Authority (ESMA) has released its inaugural Climate Transition Plan, aiming to align its operations with EU climate goals. The plan targets a reduction in gross greenhouse gas emissions by 15.4% by 2027 and 31.4% by 2030, compared to 2023 levels. Key measures include an annual greenhouse gas budget, energy use optimisation, and incentives for lower-carbon practices, with progress reported annually.