UK Firms Told to ‘Urgently Review’ Green Claims Amid Crackdown
- Companies have been given until the end of May to comply
- EY warns of far-reaching implications of FCA’s regulation
This article is for subscribers only.
Firms operating in the UK are being advised to go through any products and services around which some sort of sustainability claim has been made, to ensure they’re not in the crosshairs of a regulatory crackdown that’s due to take effect at the end of next month.
The Financial Conduct Authority’s plan to move ahead with anti-greenwashing rules has far-reaching implications for British businesses, and leaves them with only limited time to shield themselves from potential regulatory action, according to industry associations and consultants advising businesses.