Financier Worldwide Magazine’s Post

There's been a lot of news recently about "greenwashing": the act of overstating sustainability efforts. The FCA has taken notice and is introducing new regulations to make sure this practice is curtailed. From May this year, all FCA-authorised businesses must make sure that any sustainability-related statements they make about financial products or services are "clear, fair, and not misleading, and consistent with the sustainability profile of the product or service." The guidance has yet to be finalised, so watch this space: https://bit.ly/4bMACHl #FCA #Greenwashing #Compliance

The industry has reacted to the issuance of FCA guidance to the “anti-greenwashing rule” (GC23/3), which is due to come into force on 31 May. With my colleagues James Tinworth and Chris Orford I take a look at the response: https://lnkd.in/davV8DuH #esg #greenwashing #sustainableinvesting

In our latest blog, Katrina Crampton, details the key takeaways from the ESAs' final reports on greenwashing and how our Marketing Material Review Tool (MMR-Tool) can help firms navigate these regulatory complexities and help to ensure compliance with global sustainability standards: https://bit.ly/3VBT129 #ESG #Sustainablefinance #regulatorycompliance #greenwashing

Financial Conduct Authority confirms anti-greenwashing guidance Ahead of the anti-greenwashing rule coming into force on 31 May, the FCA is supporting industry with guidance to help them meet the standard. The new rule is designed to protect consumers by ensuring sustainable products and services they are sold are accurately described. Read more here https://lnkd.in/eYTYXksT

The Financial Conduct Authority is introducing the Sustainable Disclosure Requirements (“SDR”) to the UK financial market beginning in May 2024. The SDR aims to address greenwashing, enhance transparency, and protect retail and institutional investors against sustainability-related claims made by financial firms. Phase 1 of the SDR was the publication of the Policy Statement last November. The rest of the SDR will be released in 6 phases between May 2024 and December 2026. #SDR #Sustainability #SustainableFinance #SustainableDisclosureRequirements #Greenwashing #ESGInvestment 

The Financial Conduct Authority is introducing the Sustainable Disclosure Requirements (“SDR”) to the UK financial market beginning in May 2024. The SDR aims to address greenwashing, enhance transparency, and protect retail and institutional investors against sustainability-related claims made by financial firms. Phase 1 of the SDR was the publication of the Policy Statement last November. The rest of the SDR will be released in 6 phases between May 2024 and December 2026. #SDR #Sustainability #SustainableFinance #SustainableDisclosureRequirements #Greenwashing #ESGInvestment 

Amid controversies and #Greenwashing accusations, the voluntary #Carbon markets could be witnessing a shift towards credibility and transparency, driven by new guidelines, changing corporate expectations, and emerging #Regulatory measures. https://ow.ly/Ux3450SizyT Natalie Runyon #ESG #Regulation #TRInstitute

Intro to the UK FCA's new anti-greenwashing rule, designed to enhance transparency & consumer trust in #sustainability claims. The rule expects in-scope firms to make sustainability assertions that are factually correct, clear, comparable and complete. Read the full article to understand how firms can comply. https://okt.to/3OBTwV #AntiGreenwashing #AntiGreenwashingRule

In the face of rising greenwashing risks, it's crucial for financial institutions to be proactive. With the FCA's anti-greenwashing rule set to take effect from 31 May 2024, now is the time to plan your strategies. Bernadine Reese, our Managing Director at Protiviti UK, has outlined her top 10 recommended actions that can help navigate these complexities and ensure compliance. Her insights are invaluable for any institution looking to enhance their sustainability efforts while avoiding greenwashing pitfalls. #GreenWashing #Compliance #ESG #Sustainability