In 2019, McDonalds in the UK was accused of greenwashing as their “eco-friendly” paper straws could not be recycled whereas their axed plastic straws could be. The Financial Conduct Authority’s latest consultation wants to make sure, something similar does not occur in the financial sector.
Boutiques and specialists, which offer benefits like higher risk-adjusted returns, still have to fight hard to make their case in an industry of mega firms.