There are useful takeaways for EU and non-EU firms arising from the European Supervisory Authorities’ (ESA) latest thinking on greenwashing. In June 2023, the ESAs issued progress reports examining greenwashing risks and related policies in sustainable finance. Based on the progress reports (as well as the ESAs’ final reports which are due in May 2024), the Commission intends to refine its approach to assessing and monitoring greenwashing risks and will consider introducing further regulatory measures if necessary.