European supervisory authorities kick off greenwashing survey

Three European Supervisory Authorities are calling on everyone from financial institutions to retail investors and consumer associations to tell them about whether they have witnessed greenwashing.

Three European Supervisory Authorities (ESAs) have launched an online survey in order to collect information about potential greenwashing practices in the EU financial sector.

The survey of European Banking Authority (EBA), European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA) is open until 10 Jan. 2023.

”All 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,” the call notice on ESMA webpage reads.

Contributions should focus on the risks of greenwashing, and whether it is happening, in the financial sector or in other contexts related to financial products or services which are under the scope of the ESAs, it adds.

Contributions will feed into progress reports

Contributions will feed into the ESAs’ findings for their progress reports due in May 2023, and final reports due in May 2024.

According to the Call for Evidence on ESMA’s website, all contributions received will be published unless respondents request otherwise. A standard confidentiality statement in an email message will, however, not be treated as a request for non-disclosure.

”The ESAs reserve the right not to publish those responses which are assessed to be of an offensive or defamatory nature, are not related to the topic of the survey, or that include confidential information,” the call for evidence states.

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