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Osborne Clarke

How UK and EU Regulators Plan to Hold Financial Service Providers Accountable for Greenwashing

How UK and EU Regulators Plan to Hold Financial Service Providers Accountable for Greenwashing

What can providers do to mitigate the risk of accusations of greenwashing as regulatory focus on ESG-related claims tightens?

There have been significant recent supervisory developments in the UK and EU regarding the risks of greenwashing in the financial services sector. What are some of these developments and what can financial service providers do to mitigate the risk of accusations of greenwashing?

This course provides a overview of the evolving landscape of greenwashing risks in the financial services sector within the European Union (EU) and the United Kingdom (UK). 

By the end of this course, you should be able to:

  1. Understand the term "greenwashing" and its significance in the financial services sector
  2. Identify the lack of an overarching legal definition and the broad understanding established by the European Supervisory Authorities (ESAs)
  3. Understand that greenwashing accusations can arise even in the absence of intent or negligence
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