The firm argued that availability of information to assist consumers and investors is key when it comes to sustainability data and corporate reporting.
In a consultation paper, published yesterday (October 25), the Financial Conduct Authority proposed new rules around sustainable investment labels, disclosure requirements and restrictions on the use of sustainability-related terms in product naming and marketing.
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The regulator is looking to introduce a package of measures aimed at clamping down on greenwashing with proposed restrictions on how investment managers use terms such as "ESG" or "green".
jane.mathews@ft.com
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