The Financial Conduct Authority (FCA) has proposed new measures to tackle greenwashing.
This included investment product sustainability labels and restrictions on how terms like ‘ESG’, ‘green’, and ‘sustainable’ can be used.
The FCA said exaggerated or misleading claims about ESG credentials could damage confidence in these products.
As a result, the FCA proposed labelled investment products are underpinned by objective criteria.
It also propos...
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