Based on EthiFinance’s 2025 ESG Ratings database, this report analyses the ESG performance of more than 2,000 European small and mid caps. 
It highlights a clear trend: while ESG scores continue to improve, maturity remains uneven across pillars.

Inside the report:

• Key ESG score trends and year-on-year evolution
• The gap between internal structuring and external risk exposure
• Sector and country comparisons
• The main sources of ESG controversies
• The next challenge: moving from disclosure to measurable impact