Greenwashing: the ESAs understanding Sponsored On 1st June 2023, the European Supervisory Authorities (ESAs) – consisting of the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – released their Progress Reports on Greenwashing in the financial sector. These reports present a common high-level understanding of greenwashing applicable to [...]
The likely impact of the FCA Anti-Greenwashing Rule Sponsored The FCA has finalised its guidance on the Anti-Greenwashing Rule. You can read the full document yourself here. This applies to all firms communicating in respect of a financial product or service’s sustainabilitycharacteristics, to persons in the UK – and it comes into legal effect in 5 weeks’ time. The guidance makes it very clear [...]
FCA readies fresh ‘greenwashing’ clampdown with tightened regulation ESG The Financial Conduct Authority will force firms to prove their environmental, social and governance (ESG) claims under a fresh clampdown designed to flush out ‘greenwashing’ from the City.
Investors’ greenwashing fears must lead to greater City scrutiny February 6, 2024 About three years ago we hit on a seemingly foolproof strategy: we agreed to ask about the City’s three favourite letters: ESG.
New study: What’s holding back sustainable funds? Greenwashing. February 6, 2024 Investments into sustainable funds are reducing due to an increase in greenwashing and scepticism towards environment, social and governance focused investing, a new study has found.
Unilever probed over ‘greenwashing’ concerns – and use of green leaves December 12, 2023 Unilever are under the microscope over 'greenwashing' accusations - with criticism over their use of 'green leaves'
Airlines slapped down by ads watchdog over greenwashing claims December 6, 2023 Adverts for Air France, Lufthansa and Etihad have been banned for giving consumers a misleading impression of the airlines’ environmental credentials. The Google ads, all seen in July, stated that Air France was “committed to protecting the environment” and urged consumers to “travel better and sustainably”, while Lufthansa suggested that its customers would “Fly more [...]
Greenwashing & Greenbleaching – 7 key points for asset managers August 29, 2023 ESMA (the European Supervisory Market Authority) published a “Progress Report on Greenwashing” – the link to which can be found here (https://www.esma.europa.eu/document/progress-report-greenwashing). The purpose of this report is to pave the way for future legislation but also to “identify preliminary remediation actions” (i.e. to cite clear examples of greenwashing, as a warning to market participants). [...]
Fashion brands told to ‘stay on the right side of the law’ amid greenwashing claims September 18, 2024 Some of the most high-profile fashion brands in the UK have been warned to be clearer on their green credentials by the UK competition watchdog as it clamps down on misleading marketing. The Competition and Markets Authority (CMA) has issued a new sustainability compliance guide for retailers and told 17 brands to review their practices. [...]
DWS in advanced talks with SEC to resolve greenwashing investigation July 26, 2023 DWS, the German fund manager controlled by Deutsche Bank, said on Wednesday it was engaged in advanced resolution discussions with the US SEC to resolve their ESG investigation, which has been hanging over the company for two years. The firm booked €21m in provisions regarding regulatory matters during the first half of the year. Since [...]