ESG

FCA sustainability chief: ‘Sticking your head in the sand’ and excluding polluters won’t fix climate

Fund managers need to speak in a consumer-friendly way and tell them 'why an oil and gas company is in a green fund' to avoid greenwashing

The FCA pushed the publication of its final rules on SDR from Q2 to Q3 2023 after receiving a significantly higher response to its consultation than anticipated
The FCA pushed the publication of its final rules on SDR from Q2 to Q3 2023 after receiving a significantly higher response to its consultation than anticipated

The Financial Conduct Authority's environment, social and governance director Sacha Sadan has defended the regulator's inclusion of an "improver" category in its ESG fund labelling regime amid claims this could lead to more greenwashing.

The City watchdog has floated three potential consumer labels for green funds under its proposed Sustainable Disclosure Regulation framework — sustainable focus, sustainable improvers and sustainable impact.

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