AIC welcomes FCA anti-greenwashing measures and labelling regime
The Association of Investment Companies (AIC) has commented on the new package of measures from the FCA to tackle greenwashing and help investors identify sustainability-focused funds.
The Association of Investment Companies (AIC) has commented on the new package of measures from the Financial Conduct Authority (FCA) to tackle greenwashing and help investors identify sustainability-focused funds.
Richard Stone, Chief Executive of the Association of Investment Companies (AIC), said: “The anti-greenwashing rule is a much needed intervention by the FCA to crack down on rogue ESG claims. Our ESG Attitudes Tracker shows that investor concerns about greenwashing have increased markedly over the past two years, and there are now more investors who don’t trust sustainability claims than those who do. The new rules are an important step towards reversing this worrying trend.
“The FCA’s package of measures as a whole is rigorous and robust. We fully support the objective of restoring investors’ confidence in sustainable investments. An effective labelling regime will help investors find their way to investments that align with their values, as well as supporting the development of funds that have a genuine environmental or social impact. We are examining the fine print and will work with our members to understand how the rules will be implemented.”
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Notes to editors
- Read more about the ESG Attitudes Tracker research here.
- The Association of Investment Companies (AIC) represents a broad range of closed-ended investment companies, incorporating investment trusts and other closed-ended investment companies and VCTs. The AIC’s members believe that the industry is best served if it is united and speaks with one voice. The AIC’s vision is for investment companies to be understood and considered by every investor. The AIC has 343 members and the industry has total assets of approximately £256 billion.
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