PensionsEurope publishes its answer to the EIOPA’s consultation on its draft opinion on sustainability claims and greenwashing.
PensionsEurope supports the efforts of the European institutions to eliminate greenwashing. However, it emphasises that pension funds are active as buyers on the financial market, providing pension schemes, and do not provide personal financial products. As not-for-profit organizations with often mandatory participation and without marketing or sales that operate on the demand side of the financial market, pension funds are not involved in ‘misselling’ ESG claims to obtain an unfair competitive advantage.
The full answer with information on the specific questions is below.
