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With both the demand and supply of ESG-focused investment products on the rise, European regulators are proposing to standardize sustainability disclosures.

The European Supervisory Authorities (ESAs) — which includes banking, insurance, pension and securities regulators — launched a survey Monday to collect feedback on proposed templates for sustainability‐related disclosures.

In an effort to improve the comparability of different products, the regulators are seeking to standardize “the disclosure of information for financial products that promote environmental and/or social characteristics or have a sustainable objective.”

These standardized ESG disclosures would then be used in the array of existing disclosure documents provided to investors by various financial products.

The survey is open until Oct. 16.

The proposed content of the templates is also undergoing a consumer testing exercise.