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By François-Xavier LE CORRE, Senior Manager – Legal Department Ana DIMITRACHI, Senio Manager – ESG Valuation, Mc Square
The UK Financial Conduct Authority (FCA) has introduced a new package of measures aimed at improving trust and transparency in the market for sustainable investment products and reducing greenwashing.
The Sustainability Disclosure Requirements (SDR) and investment labels regime, outlined in Policy Statement PS23/16, will have significant implications for UK asset managers.
A key part of the new regime is a general anti-greenwashing rule that applies to all FCA-authorised firms. Under the rule, any sustaina- bility-related claims made about financial products or services must be fair, clear, and...
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