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UK and EU ESG/sustainable finance update: FCA anti-greenwashing guidance and SDR extension consultation for portfolio managers; European Parliament approves CSDDD; ESRS corrigendum

Published on: 25 April 2024

Published by a LexisNexis Banking & Finance expert
Legal News
Table of contents
  • UK developments
  • FCA publishes final greenwashing guidance and proposes extension of sustainability disclosure and labelling regime to portfolio managers
  • EU developments
  • European Parliament approves CSDDD on human rights and environment
  • Corrigendum to EU Sustainability Reporting Standards published in Official Journal
  • Useful information
Article summary

UK developments FCA publishes final greenwashing guidance and proposes extension of sustainability disclosure and labelling regime to portfolio managers

With the anti‑greenwashing rule set to take effect on 31 May 2024, the Financial Conduct Authority (FCA) has issued its finalised guidance, FG24/3, for firms. The FCA has also put out consultation paper CP24/8, proposing to widen the sustainability disclosure requirements (SDR) and labelling regime to portfolio management, with responses requested by 14 June 2024. See: LNB News 23/04/2024 9.

Sources:

  • FCA confirms anti‑greenwashing guidance and proposes extending sustainability framework
  • FG24/3: Finalised non‑handbook guidance on the Anti‑Greenwashing Rule
  • CP24/8: Extending the Sustainability Disclosure Requirements (SDR) regime to Portfolio Management...

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