Osborne Clarke
Practical Guidance for Regulated Firms on Compliance with New Anti-Greenwashing Rule
Practical Guidance for Regulated Firms on Compliance with New Anti-Greenwashing Rule
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New rule will come into effect from 31 May 2024 – what should firms be doing to prepare?
There is a huge market for sustainable investment products, resulting in a growing number of products marketed as such. As this demand grows, so does the risk of "greenwashing", a practice on which European regulators, including the UK's Financial Conduct Authority (FCA), have increasingly focused.
In November 2023, the FCA implemented the Sustainability Disclosure Requirements (SDR) regime. This regime includes a new anti-greenwashing rule, due to take effect from 31 May 2024. What can firms do to ensure they will be compliant with the new requirements, and what indication has the FCA given in its guidance as to its regulatory approach?
In this course, we will delve into the intricacies of the Sustainable Disclosure Regulation (SDR) and its pivotal role in enhancing transparency within the realm of sustainable investment.
By the end of this course, you should be able to:
- Understand the primary objectives and scope of the Sustainable Disclosure Regulation (SDR) in improving transparency within sustainable investment products
- Explain the concept of greenwashing and its implications for consumer trust in sustainability claims
- Understand the regulatory requirements surrounding product labels, naming conventions, and marketing practices for sustainable investment products
