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ARTICLE · 20 AUGUST 2024

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EIOPA Publishes Final Advisory Report On Greenwashing And Sustainability Claims

William Fry LLP
William Fry LLP
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William Fry LLP

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On 4 June 2024, EIOPA issued its final report, which contained its advice to the European Commission (Commission) on greenwashing risks and the supervision of sustainable finance policies (Report).

IrelandEnvironment
Eoin Caulfield
Eoin Caulfield
Ian Murray
Ian Murray
Catherine Carrigy
Catherine Carrigy
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On 4 June 2024, EIOPA issued its final report, which contained its advice to the European Commission (Commission) on greenwashing risks and the supervision of sustainable finance policies (Report).

The Report was issued following a call for advice by the Commission in May 2022, which, in summary, comprised of three parts:

  1. input from the European Supervisory Authorities (ESAs) on occurrences, cases and complaints of greenwashing practices, combined with an assessment by the ESAs of the scale and frequency of greenwashing;
  2. the supervision of greenwashing by National Competent Authorities (NCAs); and
  3. proposals to be provided by the ESAs to improve the current regulatory framework.

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