1、EBA FINAL REPORT ON GREENWASHING GREENWASHING MONITORING AND SUPERVISION FINAL REPORT EBA/REP/2024/09 EBA FINAL REPORT ON GREENWASHING Contents 1.Introduction 7 1.1 Background 7 1.2 EBAs approach and contents of the Final Report 7 2.Understanding greenwashing 9 2.1 A common ESAs high-level understan

2、ding of greenwashing 9 3.Greenwashing trends,types and financial risks 12 3.1 Greenwashing trends 12 3.1.1 Findings based on Progress Report and updated quantitative data 12 3.2 Greenwashing occurrences 16 3.2.1 Greenwashing concerns related to sustainability-linked loans 19 3.3 Greenwashing risks 2

3、0 3.3.1 Materiality of greenwashing and its impact on financial risks 20 3.3.2 Financial risks,case study on litigation risk 22 3.3.3 Impact of greenwashing on financial stability 25 3.4 Conclusion and the way forward 26 4.Addressing greenwashing through the EU regulatory framework 27 4.1 Key buildi

4、ng blocks in EU legislation to address greenwashing 27 4.1.1 Consumer and investor protection:regulating(sustainability)claims 27 4.1.2 Key foundations to mitigate greenwashing risk in the sustainable finance framework 29 4.2 Challenges and areas for potential complements 32 4.2.1 Challenges and ave

5、nues for remediation 32 4.2.2 Complementing the EU regulatory framework 34 4.3 Conclusions and recommendations 35 5.Practices to mitigate greenwashing risks by institutions 39 5.1 Key high-level principles and processes 39 5.1.1 General principles 39 5.1.2 Governance and internal processes 40 5.1.3

6、ESG data 41 5.1.4 External verification 42 5.2 Practices to mitigate greenwashing risk at entity level 42 5.2.1 Forward-looking commitments 42 5.2.2 Green or ESG financing targets 43 5.2.3 Lobbying 43 5.2.4 Risk management 44 5.3 Practices to mitigate greenwashing risk at product and/or service leve