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SMSG provides further guidance to ESMA on greenwashing issues

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Published on: 16 March 2023

Published by LNB News

LNB News 16/03/2023

Document Information

Issue Date: 16 March 2023

Published Date: 16 March 2023

Jurisdiction(s): United Kingdom

Article summary

The European Securities and Markets Authority (ESMA)’s Securities and Markets Stakeholder Group (SMSG) has published further advice to ESMA on questions relating to greenwashing. The SMSG initially submitted advice to ESMA on 18 January 2023, but ESMA’s Board of Supervisors subsequently raised four additional questions, covering: the holistic definition of greenwashing; whether ‘greenbleaching’ is a problem from a supervisory perspective; how ESMA can deal with the declining number of ‘article 9’ funds; and the distinction between intentional and unintentional greenwashing.

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