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FCA Proposes Anti-Greenwashing and Sustainability Disclosure Rules for Portfolio Managers

ESG Today

Sacha Sadan, FCA’s Director of Environmental, Social and Governance, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainable investment.

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Switzerland to Introduce Labelling and Disclosure Rules for Sustainable Investment Products

ESG Today

Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’

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Australia Regulator Warns Future Super Over Greenwashing

ESG Today

The Australian Securities & Investments Commission (ASIC) Australia’s corporate, markets, and financial services regulator, announced today that it issued an infringement notice to superannuation fund promoter, Future Super, over alleged greenwashing by the company in a social media post.

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Regulators Turn to Tech to Tackle Greenwashing

Chris Hall

FCA-hosted TechSprint aims to harness technology innovation to outpace adverse impacts of greenwashing in financial services. At yesterday’s culmination of the Global Financial Innovation Network’s (GFIN) first Greenwashing TechSprint , awards were presented based on different criteria.

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ESMA Warns on “Misleading” Use of ESG-related Terms by Funds

Chris Hall

Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing. Consistency across documentation Additionally, the report found that the language used in fund documentation varies significantly based on type.

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Guest Post: Combatting Greenwashing

ESG Today

Regulators, and in particular the EU, have increased the level of disclosure as regards sustainable investing through the SFDR/Taxonomy/NFDR/CSRD etc. Firstly transparent disclosure makes it harder for investment managers to “greenwash” their products and fool investors that they are following altruistic goals.

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Greenwashing Managers Must Heed Watchdogs’ Bark

Chris Hall

Asset managers should expect and prepare to be challenged on the sustainability credentials of their ESG-labelled funds as financial markets watchdogs clamp down on greenwashing, according to regulatory experts. . The SEC has also recently fined BNY Mellon Investment Adviser US$1.5