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31 May 2024 / Teja Pisk
Issue: 8073 / Categories: Features , Commercial , Environment , Company
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Anti-greenwashing rules: climate compliance

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The FCA’s new anti-greenwashing rule has come into force. Businesses need to act—right now—writes Teja Pisk
  • The FCA’s new greenwashing measures aim to protect consumers and improve trust in sustainable investment products and services.
  • Firms must act now or risk ramifications under civil, criminal or regulatory enforcement proceedings—and stay on top of future legislative changes.

In keeping with growing consumer interest in sustainability, the number of products and services claiming to be sustainable and environmentally friendly has increased exponentially in recent years.

This boom in ‘green’ branding has fuelled concerns that organisations are ‘greenwashing’, ie, making false, misleading or unsubstantiated claims about the environmental benefits or impact of their business, products or services.

Changing at pace

The UK’s environmental, social and governance (ESG) legal and regulatory landscape has historically been relatively fragmented (greenwashing, for example, still has no legal definition), but that is now changing at pace, with an array of new ESG-related legislation and regulation that businesses must comply with.

One such development has come from the Financial

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MOVERS & SHAKERS

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Sponsored by
Arc Pensions Law—Matthew Swynnerton

Arc Pensions Law—Matthew Swynnerton

Chair of the Association of Pension Lawyers joins as partner

Ampa Group—Kamal Chauhan

Ampa Group—Kamal Chauhan

Group names Shakespeare Martineau partner head of Sheffield office

Blake Morgan—four promotions

Blake Morgan—four promotions

Four legal directors promoted to partner across UK offices

NEWS
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NLJ this week: Renters’ Rights revolution begins—brace for tribunal chaos

The abolition of assured shorthold tenancies and section 21 evictions marks the beginning of a ‘brave new world’ for England’s rental sector, writes Daniel Bacon of Seddons GSC

NLJ this week: Civil procedure gets a spring overhaul
Stephen Gold’s latest Civil Way column rounds up a flurry of procedural and regulatory changes reshaping housing, alternative dispute resolution (ADR) and personal injury litigation
NLJ this week: Why GP complaints are going nowhere
Patients are being systematically failed by an NHS complaints regime that is opaque, poorly enforced and often stacked against them, argues Charles Davey of The Barrister Group
NLJ this week: Prenups meet a jurisdictional brick wall
A wealthy Russian divorce battle has produced a sharp warning about trying to challenge foreign nuptial agreements in the wrong English court. Writing in NLJ this week, Vanessa Friend and Robert Jackson of Hodge Jones & Allen examine Timokhin v Timokhina, where the High Court enforced Russian judgments arising from a prenuptial agreement despite arguments based on the landmark Radmacher decision
NLJ this week: Has Rylands v Fletcher come back from the dead?
An obscure Victorian tort may be heading for an unexpected revival after a significant Privy Council ruling that could reshape liability for dangerous escapes, according to Richard Buckley, barrister and emeritus professor of law at the University of Reading
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