City watchdog launches sustainable investment measures to tackle greenwashing

The financial watchdog has confirmed a package of measures for sustainable investment products aimed at improving transparency and minimising greenwashing.

The Financial Conduct Authority (FCA) will put in place its Sustainability Disclosure Requirements and an investment label regime for retail investors in 2024.

The move comes following months of consultation, research and engagement with a range of stakeholders, including industry, other regulators and consumer groups.

It also comes as the sustainable investment market continues to grow with an estimated £14.5 trillion of ESG-orientated assets now being managed globally.