The European Banking Authority has found a “clear increase” in potential cases of greenwashing across all financial sectors, especially in banking and investment.
In its latest report, the EBA discovered pledges about future ESG performance are the most prone to greenwashing, followed by ESG strategies and company objectives, and ESG labels and certificates. Morningstar: FCA has a 'once-in-a-generation opportunity' in SDR The warning from the regulator came as it found greenwashing has the "highest impact" on firms' reputational and litigation risks. The EBA added the "materiality" of greenwashing is currently perceived as low or medium for banks and medium or high for investment firms, and it expects the levels to increase in the future. ...
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