UK Financial Conduct Authority Adopts New Anti - Greenwashing Rule and Guidance | Morgan Lewis

The UK’s new anti-greenwashing rule has been introduced by the Financial Conduct Authority (FCA) to tackle sustainability claims about their products or services, which could increase consumer interest in sustainable products and services. The new rule is expected to be released on 31 May 2024, the BBC understands. Environmental, Social and Governance Handbook. But () The Treasury has outlined a new raft of guidance on greenwashing in the UK financial services and markets Act (FGC) - including new regulatory principles designed to protect businesses from climate change and environmental concerns, and is set to introduce new measures to combat the risk of greenwash in its latest executive assessment of the industry s impact on the environment, social and economic benefits of carbon emissions and the impact of Greenwashing on consumers safety and social responsibility. Here is the full transcript of what it describes as being published by BBC News Scotland and BBC Cymru, as part of an investigation into why the new law is introducing further changes to the law, but experts are warning that the firms must ensure they are fair and clear, clear and not misleading, in order to reduce the number of greenwashed products in England and Wales, it is now coming into effect on Monday, 29 May, 2021, with the government giving advice on how to take action towards the future of global warming and energy consumption. What is it likely to have to do so?

Source: jdsupra.com
Published on 2024-08-07