The Financial Conduct Authority (FCA) has unveiled a raft of new measures to tackle greenwashing in its consultation on Sustainability Disclosure Requirements (SDR), including three categories of investment labels to be used for sustainable investment products.
A consultation paper published today (25 October) shows these are: ‘sustainable focus', ‘sustainable improvers' and ‘sustainable impact'. ‘Sustainable focus' will be used for products investing in assets that are environmentally or socially sustainable; ‘sustainable improvers' is for products investing in assets to improve the environmental or social sustainability over time and ‘sustainable impact' will be used for products investing in solutions to environmental or social problems targeting measurable impact. Under the new requirements, there will be restrictions on how some terms -...
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