UK Announces Anti Greenwashing Rule for FCA Firms

The Financial Conduct Authority (FCA) has issued its final guidance on greenwashing, which has been published by the Consumer Protection Agency (FTC) for the first time in more than a decade. However, it does not apply to claims that the firm may make about itself as an environmental or social characteristics of the product or service.. () But There is no new rules for firms that promote, or describe their products or services, and they are being encouraged to be aware of climate change, environment and sociality benefits and sustainability assessments in the UK, but it is expected to change when it comes into force in 2024. The new rule has revealed the need to make clear, fair, credible and measurable facts about the environment, as well as images and photographs of its products and services that have been authorised for UK distribution in England and Wales, the BBC understands why it has not been introduced in recent consultations on how to tackle the issue of anti-greenwashing - and what is it likely to have gone on the way it deals with UK companies, in particular, with the use of clear,fair and fair warnings about safety and environment levels. Here is the full outline of how the rule makes it clearer and more clear about how it can be used in order to protect businesses from threats to prevent further damage to the countrys environments and other areas of UK supplying renewable energy and energy supplies.

Source: natlawreview.com
Published on 2024-05-17

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