FCA escalates greenwashing fight | Investment Executive
The Financial Conduct Authority (FCA) has announced a raft of new anti-greenwashing rules to help consumers navigate the UKs sustainable investment market by extending the sustainability disclosure requirements and investment labels regimes to portfolio managers, including portfolio management offerings, to avoid environmental and social impacts (environmental, social and governance). () But The regulator has said it is planning to extend the new guidelines to protect investors from greenwashing, and explains what it says is to be done to prevent climate change and the impact of renewed investment on the market. Canadian regulators have outlined guidance on how to tackle the greenwash which could be extended to investment firms providing services that claim they are accurately described by their owners. The UK s finance regulator is considering increasing risks for the investment industry, as part of its efforts to combat the greenwash in the industry ahead of the end of this year. Here is the full list of measures that are being introduced by the regulator, it has been revealed in consultation on changes to the way it deals with the global financial markets, in what is seen as the first such proposals becoming compulsory for investment companies to stop selling sustained products and services worth more than 15bn (14b) investments in portfolios and other businesses across the country. But the government has warned that it will increase the number of green cleaning laws in Canada.
Source: investmentexecutive.comPublished on 2024-04-23
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