17 April 2024
What does the anti-greenwashing rule mean for UK financial services firms?
Finn Arbuckle, Senior Commercial Analyst, and Madeleine Kelly, Consultant
On Tuesday, October 25 2022, the Financial Conduct Authority (“FCA”) published its Consultation Paper (“CP”) for Sustainability Disclosure Requirements (“SDR”) and Investment Labels for UK-based financial market participants. After a year of being under consultation, the final version of the Policy Statement (“PS”) was released on November 28 2023. The SDR is designed to combat greenwashing, increase transparency, create a fair market, and protect retail and institutional investor interests regarding sustainability claims made by UK financial firms.
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