Chancellor sets out regulatory roadmap to tackle greenwashing

The requirements, which will also apply to pension schemes, will require businesses to begin to disclose the environmental impact of any activities they finance and "clearly justify any sustainability claims [they] make". The aim of Greening Finance: A Roadmap to Sustainable Investing, alongside helping to eradicate greenwashing across the UK's asset management industry, will be for investors to gain a better understanding of whether their portfolios are aligned with net zero. SDR was first announced at the Chancellor's Mansion House speech in July this year in a bid to streamline and...