The UK has enforced comprehensive anti-greenwashing rules for financial institutions as of today. These regulations, introduced by the Financial Conduct Authority, aim to prevent banks and asset managers from misleading consumers about their environmental performance. The new rules have significant implications, including prohibiting the use of misleading imagery, such as photos of rainforests, in client-facing materials. Dr. Shane Timmons of the ESRI’s Behavioural Research Unit highlighted that greenwashing hinders genuinely sustainable businesses from competing fairly. The Anti-Greenwashing Rule marks a significant step towards greater transparency and accountability in the financial sector.
‘The public doesn’t stand a chance’: Can you spot greenwashing? https://t.co/kiJFoPVdk8
The Anti-Greenwashing Rule Comes Into Force: A Legal Lens https://t.co/ZwuqIs1ob6 #UK #Money #Environmental @_FinancialWorld https://t.co/akbpplDNqB
“Greenwashing makes it difficult for genuinely sustainable businesses to compete against ones that mislead consumers about their environmental performance,” said Dr Shane Timmons of the ESRI’s Behavioural Research Unit, who co-wrote the research paper https://t.co/D8SoBDyL4S
Banks in the UK have been getting away with greenwashing for a long time But a new rule introduced today by the UK’s financial regulator, the Financial Conduct Authority, suggests things might be about to change 👇 https://t.co/hP115MuV9P
Reminder to the Brits: you now have to delete all your pictures of forests from your pitchbooks. * Banks warn of huge implications of new greenwash laws which go into force today (bbg) * A bank that uses a photo of a rainforest on client-facing information may be in breach (bbg)
UK Enforces Comprehensive Anti-Greenwashing Rules for Financial Institutions on Friday https://t.co/wHJHiI4CW6
Banks and asset managers in the UK will wake up to a new reality on Friday, as the country enforces some of the most far-reaching anti-greenwashing rules ever seen https://t.co/fYQFHnq78p
The Anti-Greenwashing Rule Comes Into Force: A Legal Lens https://t.co/ZwuqIs1ob6 #UK #Money #Environmental @proskauer https://t.co/myzdHAmDgp