How to enforce the green (financial) promises?

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 insufficientharmonization, the absence of a coherent framework exacerbates the risk ofopportunistic behaviours by issuers. Against this backdrop, the paper advances a deiure condendo proposal aimed at strengthening the credibility of sustainabilitycommitments. 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.