This report, developed by the ABBL in collaboration with Deloitte, explores the challenges and regulatory expectations related to greenwashing in the financial sector. It provides an overview of the evolving European sustainable finance framework and highlights the increasing scrutiny on financial institutions regarding the accuracy, transparency and consistency of ESG-related disclosures. The document outlines key risk areas, practical considerations for institutions, and recommended approaches to mitigate greenwashing risks across products, communications and internal governance. It aims to support financial sector professionals in navigating complex sustainability requirements while maintaining credibility and trust with clients and regulators.