76. As part of their management of conduct, litigation and reputational risks, institutions should …

As part of their management of conduct, litigation and reputational risks, institutions should have in place sound processes to identify, prevent and manage risks resulting from green-washing or perceived greenwashing practices taking into account the ESAs high-level princi-ples set out in Section 2.1 of the EBA Final Report on greenwashing monitoring and supervi-sion¹⁶ . To this end, institutions should take all necessary steps to ensure that sustainability-related communication is fair, clear, and not misleading, and that sustainability claims are accurate, substantiated, up to date, provide a fair representation of the institution’s overall profile or the profile of the product, and are presented in an understandable manner. That should be done at both the institution level (e.g. in relation to sustainability commitments including forward-looking targets) and the product or activity level (e.g. in relation to products and activities marketed as sustainable), including by monitoring legal developments, market practices, and controversies around alleged greenwashing practices.

5.6.5 Concentration risk

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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