The investment industry has welcomed the Financial Conduct Authority’s new labelling regime, which experts have said will “raise the bar” for sustainable funds and maintain trust in ESG products.
Earlier today (25 October), the UK's financial watchdog unveiled a raft of new measures to tackle greenwashing in its consultation on Sustainability Disclosure Requirements. The new proposals aim to redefine how terms like ‘ESG', ‘green' or ‘sustainable' can be used to protect consumers and improve trust in sustainable investment products. The consultation is open until 25 January 2023, with final rules expected by the first half of 2023. The SDR consultation comes after the industry had been crying out for greater clarity on regulatory expectations in the face of the rapid growth i...
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