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FCA confirms first climate-related enforcement case opened in 2023; ClientEarth challenges lack of transparency as anti‑greenwashing rules come into force

Published on: 24 June 2024

Published by a Law360 reporter
Legal News
Article summary

ClientEarth, a not-for-profit based in London, said the FCA replied to its Freedom of Information request, revealing it began a probe in July 2023. The regulator gave no detail about the sort of firm involved or the character of the alleged misconduct. No details were given on the type of firm or precise behaviour under suspicion. In its response dated 7 June 2024 to ClientEarth’s query, viewed by Law360, the FCA said one enforcement investigation had been opened concerning climate-related matters, including greenwashing. The letter indicated that seven full-time members of staff are working on the case. The FCA added it could not identify the company at this stage because disclosure 'would be likely to prejudice the exercise' of its...

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