Isle of Man Financial Services Authority publishes guidance on greenwashing risks and consumer protection expectations

The Isle of Man Financial Services Authority has issued a guidance note to raise awareness of consumer protection risks linked to greenwashing and to clarify the Authority’s expectations for managing those risks within the regulated sector. The guidance applies to entities regulated under the Financial Services Act 2008, the Insurance Act 2008, the Collective Investment Scheme Act 2008 and the Retirement Benefits Scheme Act 2000. It explains what greenwashing is, how it can arise, and the potential impact on consumers, and sets out how firms can protect customers and their own reputations. The Authority emphasises that the guidance sits within existing regulatory frameworks and does not introduce new requirements, and that most of it is relevant mainly to firms making green or sustainability-related claims or that identify greenwashing as a material risk through their risk assessment processes. The publication is described as the Authority’s second deliverable under Pillar 1 (Enabling Environment) of the Isle of Man Sustainable Finance Roadmap. Further detail on the progress of the wider cross-government sustainable finance project is scheduled to be shared at the Isle of Man Sustainable Finance Symposium on 5 November 2025.