diff --git a/CHANGELOG.md b/CHANGELOG.md
index 0a1f29b0b6ba..555a8793ab2a 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -73,7 +73,8 @@ Ref: https://keepachangelog.com/en/1.0.0/
 
 ### Bug Fixes
 
-* (cli) [#14509](https://github.com/cosmos/cosmos-sdk/pull/#14509) Added missing options to keyring-backend flag usage
+* (x/group) [#14527](https://github.com/cosmos/cosmos-sdk/pull/14527) Fix wrong address set in `EventUpdateGroupPolicy`.
+* (cli) [#14509](https://github.com/cosmos/cosmos-sdk/pull/14509) Added missing options to keyring-backend flag usage.
 * (server) [#14441](https://github.com/cosmos/cosmos-sdk/pull/14441) Fix `--log_format` flag not working.
 * (ante) [#14448](https://github.com/cosmos/cosmos-sdk/pull/14448) Return anteEvents when postHandler fail.
 
diff --git a/x/group/keeper/keeper_test.go b/x/group/keeper/keeper_test.go
index bd0808d29255..23ddfeb4a8c4 100644
--- a/x/group/keeper/keeper_test.go
+++ b/x/group/keeper/keeper_test.go
@@ -494,6 +494,9 @@ func (s *TestSuite) TestUpdateGroupMetadata() {
 			res, err := s.groupKeeper.GroupInfo(ctx, &group.QueryGroupInfoRequest{GroupId: groupID})
 			s.Require().NoError(err)
 			s.Assert().Equal(spec.expStored, res.Info)
+
+			events := sdkCtx.EventManager().ABCIEvents()
+			s.Require().Len(events, 1) // EventUpdateGroup
 		})
 	}
 }
@@ -777,6 +780,9 @@ func (s *TestSuite) TestUpdateGroupMembers() {
 				s.Assert().Equal(spec.expMembers[i].Member.AddedAt, loadedMembers[i].Member.AddedAt)
 				s.Assert().Equal(spec.expMembers[i].GroupId, loadedMembers[i].GroupId)
 			}
+
+			events := sdkCtx.EventManager().ABCIEvents()
+			s.Require().Len(events, 1) // EventUpdateGroup
 		})
 	}
 }
@@ -1312,11 +1318,28 @@ func (s *TestSuite) TestUpdateGroupPolicyMetadata() {
 				return
 			}
 			s.Require().NoError(err)
+
 			res, err := s.groupKeeper.GroupPolicyInfo(s.ctx, &group.QueryGroupPolicyInfoRequest{
 				Address: groupPolicyAddr,
 			})
 			s.Require().NoError(err)
 			s.Assert().Equal(spec.expGroupPolicy, res.Info)
+
+			// check events
+			var hasUpdateGroupPolicyEvent bool
+			events := s.ctx.(sdk.Context).EventManager().ABCIEvents()
+			for _, event := range events {
+				event, err := sdk.ParseTypedEvent(event)
+				s.Require().NoError(err)
+
+				if e, ok := event.(*group.EventUpdateGroupPolicy); ok {
+					s.Require().Equal(e.Address, groupPolicyAddr)
+					hasUpdateGroupPolicyEvent = true
+					break
+				}
+			}
+
+			s.Require().True(hasUpdateGroupPolicyEvent)
 		})
 	}
 }
diff --git a/x/group/keeper/msg_server.go b/x/group/keeper/msg_server.go
index ea326647412e..d225e2da37d4 100644
--- a/x/group/keeper/msg_server.go
+++ b/x/group/keeper/msg_server.go
@@ -921,8 +921,7 @@ func (k Keeper) doUpdateGroupPolicy(ctx sdk.Context, groupPolicy string, admin s
 		return err
 	}
 
-	err = ctx.EventManager().EmitTypedEvent(&group.EventUpdateGroupPolicy{Address: admin})
-	if err != nil {
+	if err = ctx.EventManager().EmitTypedEvent(&group.EventUpdateGroupPolicy{Address: groupPolicyInfo.Address}); err != nil {
 		return err
 	}