ESAs call for enhanced supervision and improved market practice on sustainability-related claims.
The European Supervisory Authorities (EBA, Eiopa and Esma – ESAs) have released their final reports on greenwashing in the financial sector. In their respective reports the ESAs reiterate their common high-level understanding of greenwashing as a practice whereby sustainability-related statements, declarations, actions or communications do not clearly and fairly reflect the underlying sustainability profile of an entity, a financial product or financial services. As this practice may be
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