AFEP’s position paper on greenwashing

AFEP responded to the joint consultation organised by the 3 European Supervisory Authorities (EBA, EIOPA, ESMA) whose purpose was to define greenwashing and identify actors and assets most exposed as well as the related risks. AFEP considers that it is too premature to define greenwashing. The priority is to finalise and stabilise the sustainable finance regulatory framework. Complexity of the rules increases the risks of misinterpretation and of implementation for all stakeholders. Only a clear and comprehensible regulatory framework can prevent diverging practices and interpretations.