Associate Professor SCHUMACHER's working paper
"Environmental, Social, and Governance (ESG) Factors and Green Productivity: The Impacts of Greenwashing and Competence Greenwashing on Sustainable Finance and ESG Investing” (https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4303609) has been cited in an entire paragraph by the European Securities and Markets Authority (ESMA), the EU's main financial supervisory authority.

Associate Professor SCHUMACHER's working paper and his original concept of “competence greenwashing” are referenced in the ESMA "Progress Report on Greenwashing”
(https://www.esma.europa.eu/sites/default/files/2023-06/ESMA30-1668416927-2498_Progress_Report_ESMA_response_to_COM_RfI_on_greenwashing_risks.pdf) on page 23 under the section “5) ESG corporate resources and expertise”.