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ESMA Sets 2025 Priorities: Geopolitical Risks, Sustainability Reporting, and Digital Transparency

ESMA has released the 2025 European Common Enforcement Priorities (ECEP), outlining the main focus areas for national enforcers and listed companies during the upcoming reporting season. The three central priorities are IFRS financial statements, sustainability reporting under the CSRD/ESRS, and ESEF digital reporting.

Natural Catastrophes in 2025: Record Global Losses and Growing Climate Risk

The first half of 2025 has proven to be among the costliest ever in terms of economic losses caused by extreme events. According to the latest report published by Swiss Re Institute, total losses reached 143 billion US dollars, of which 135 billion were the result of natural catastrophes and 8 billion from man-made events.

Capital gains tax Italy: The tax treatment when Italian property is involved

Capital gains arising from the disposal of real estate located in Italy, or from the sale of shares in real estate-holding companies, may be subject to taxation in Italy. The Ecovis experts explain the correct tax treatment when an Italian property is involved in such transactions.

The ECB’s New Approach: Integrating Environmental Degradation into Monetary Policy

The European Central Bank (ECB) has recently acknowledged the direct impact of environmental degradation on inflation and economic growth. This recognition marks a significant shift in the ECB’s monetary policy, which is now fully influenced by the concept of “degradation of nature.”

Sustainability Signals: How Companies are Integrating Long-Term Value Strategies in 2025

Morgan Stanley’s latest report, entitled “Sustainable Signals: Corporates 2025,” unveils substantial trends and insights into the manner in which companies on a global scale are incorporating sustainability into their long-term strategies.

US expats in France: Navigating trust reporting obligations

US expats living in France must comply with their trust reporting obligations. Failure to do so can result in severe penalties. The Ecovis experts know what to do to ensure legally compliant implementation of these requirements. Unlike most common law countries (USA, UK, Canada in particular), French law does not recognise the existence of trusts. […]