Sector · Sustainability · Supervision

EU regulators attempt to define greenwashing

Greenwashing: Photo by Mike Langridge CC-BY-2.0 via Greenability Magazine.

Europe’s top financial regulators on Thursday presented a first official definition of greenwashing as part of a common approach for cracking down on greenwashing practices among banks, asset managers and insurance companies, turning up the pressure on an industry that has for a long time been complaining about the lack of clarity of the EU’s sustainable finance regulations.

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