Due to the growing demand for sustainability-related products and the rapidly evolving regulatory regimes and sustainability-related product offerings, the call is also motivated by the need to better understand which areas may become more prone to greenwashing risks.
In addition,
the call seeks input on potential greenwashing practices relevant to
various segments of the sustainable investment value chain and of the
financial product lifecycle.
Obtaining a more granular understanding of greenwashing will help
inform policy making and supervision and will help foster the
reliability of sustainability-related claims. In the context of this
call, the term “greenwashing” is broadly used, recognising that
sustainability-related claims can be linked to all aspects of the ESG
spectrum.
ll interested parties are welcome to contribute to the survey,
including financial institutions under the remit of the three ESAs and
other stakeholders ranging from retail investors and consumers’
associations to NGOs and academia. Contributions should focus on
greenwashing risks and occurrences arising in the financial sector and
affecting financial products or services, which are under the scope of
the ESAs.
We draw attention to the fact that the survey contains a section
common to the three Authorities, which includes cross-sectoral questions
on greenwashing and separate sections relevant to each ESA.
This Call for Evidence was issued in the context of the mandates received from the European Commission in May 2022.
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