Europejski Urząd Nadzoru Giełd i Papierów Wartościowych (European Securities and Markets Authority - ESMA), ESMA o greenwashingu. Raport z postępu prac

31 May 2023

ESMA30-1668416927-2498

Progress Report on Greenwashing

Response to the European Commission’s request for input on „greenwashing risks and the supervision of sustainable finance policies”

Executive Summary

As ESG-related financial products and markets have experienced remarkable growth in the EU, National Competent Authorities (NCAs) and ESMA face expectations from stakeholders to step up in ensuring investor protection and market integrity and maintain a trusted environment for sustainable investments. The mismatch between growing demand for ESG products and the limited pool of assets that are deemed sustainable, in particular those in line with the high standard of the EU Taxonomy Regulation, creates a competitive drive for market participants to gain market share and revenue through bolstering their sustainability profiles, which may in some cases be misleading.

Against this background,the European Commission (EC) issued a „Request for input related to greenwashing risks and...