Responding to a request for advice from the European Commission, the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the European Insurance and Occupational Pensions Authority (EIOPA) presented, on Thursday 1 June, preliminary recommendations for strengthening the regulatory framework to limit greenwashing by financial players.
From the viewpoint of these three authorities, ‘greenwashing’ is a practice in which sustainability-related...