Date: 17th December 2019

The Danish financial regulator, the FSA, and its Norwegian counterpart Finanstilsynet, stated that the increasing supply of investment products marketed as sustainable can increase the risk of greenwashing, meaning products could be marketed as green without living up to the name.

The FSA said that this calls for the tightening of supervisory efforts, in order to protect investors and confidence in the market.

According to Finanstilsyne it is necessary to have set standards for financial assets classified as green or sustainable, in order for investors to be able to consistently asses climate risk at a company level.

Read the full article here.