The paper examines the mechanisms aimed at ensuring the credibility of sustainability commitments, with a particular focus on financial markets. In an enforcement landscape marked by regulatory fragmentation and insufficient harmonization, the absence of a coherent framework exacerbates the risk of opportunistic behaviours by issuers. Against this backdrop, the paper advances a de iure condendo proposal aimed at strengthening the credibility of sustainability commitments. While anchored in the existing regulations, the proposed framework aspires to enhance market discipline and deter greenwashing practices not only within the financial sector but also across broader industry contexts.
How to enforce the green (financial) promises?
Daniel Foa';
2024-01-01
Abstract
The paper examines the mechanisms aimed at ensuring the credibility of sustainability commitments, with a particular focus on financial markets. In an enforcement landscape marked by regulatory fragmentation and insufficient harmonization, the absence of a coherent framework exacerbates the risk of opportunistic behaviours by issuers. Against this backdrop, the paper advances a de iure condendo proposal aimed at strengthening the credibility of sustainability commitments. While anchored in the existing regulations, the proposed framework aspires to enhance market discipline and deter greenwashing practices not only within the financial sector but also across broader industry contexts.I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
