Regulatory efforts to identify greenwashing increase

Greenwashing has been defined as “a practice where 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,” according to the European Supervisory Authorities (ESAs).  On June 1, the ESAs published their progress reports on greenwashing in the financial sector. In the reports, they put forward this common-ground, high-level understand…