On 4th Oct, Britain’s financial watchdog said on Wednesday it was “very keen” to take action against greenwashing as it readies a new labelling system for investment funds to avoid inflated sustainability claims.
“We are very keen to take enforcement action in relation to greenwashing,” Financial Conduct Authority joint executive director for enforcemnt, Therese Chambers, told a news conference. “I am not in a position to disclose details at the moment, but please take that as a statement of intent.”
Britain’s financial watchdog is now stepping up its efforts in monitoring companies’ “Greenwashing” practices. This action aims to promote the protection of investors/investors from making poor decisions based on the “bluffing” sustainability claims of companies’ information.
Source: Reuters
Reported by: Huw Jones