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.
The Financial Conduct Authority (FCA) has unveiled a raft of new measures to tackle greenwashing in its consultation on Sustainability Disclosure Requirements (SDR), including three categories of investment labels to be used for sustainable investment products.
The Financial Conduct Authority (FCA) has unveiled a raft of new measures to tackle greenwashing in its consultation on Sustainability Disclosure Requirements (SDR), including three categories of investment labels to be used for sustainable investment products.
Stakeholders have identified challenges and potential harms with ESG data and rating providers. This came as feedback to a consultation paper (CP) published by the Financial Conduct Authority published in June 2021.