In Financial Times, George Raine Analyzes Climate Disclosure Rules for Public Companies
In the Financial Times, asset management partner George Raine commented on environmental, social and governance (ESG) disclosure rules for public companies.
The UK’s Financial Conduct Authority recently proposed rule changes to address greenwashing and tighten the use of terms such as “green” and “ESG” in investment fund marketing. The FCA has recommended establishing three categories of green funds and putting a greater burden on asset managers to validate any sustainability claims their funds make in marketing materials.
George notes there is not much expectation that regulators in the U.S., U.K. and European Union will align their ESG disclosure rules frameworks for public companies.