Regulatory Breakfast Club:

29 February 2024 | 8.30am-10am | The Shard

Thank you for your interest in our event -"50 shades of green – navigating the FCA’s anti-greenwashing requirements”.

Given the upcoming FCA deadline of 31 May 2024 for all regulated firms to be compliant with the new anti-greenwashing rule, we are helping clients to assess their risks and take actions to compliant within the short time remaining. Participants at Protiviti’s February Regulatory Breakfast Briefing on Greenwashing Risk and SDR discussed various areas of concern and risk and we considered the ESG data challenges and the link between greenwashing and Consumer Duty.

Many firms have programmes in place to assess and mitigate greenwashing risk and some of the most pressing concerns can be relating to:

• Navigating the Risk-Based Approach: for firms with a variety of products and services, a risk-based approach may initially be needed to assess key sources of greenwashing risk. With the definition of greenwashing covering the use of images, colours and other impressions of sustainability claims, this is an initial area of focus for many firms.
• Consider the full definition of greenwashing: firms are required to look beyond product-level ESG impacts and consider ESG factors at the corporate level. Are your organisation's sustainability claims at an entity level evidenced and based on realistic plans and actions?
• Connecting with Consumer Duty: ESG also plays a significant role in fulfilling consumer expectations and obligations. How does your product strategy integrate ESG considerations to meet evolving consumer demands and regulatory standards?
• ESG data – the need for robust data to evidence sustainability claims can be difficult to navigate. We are helping clients work through how they can best substantiate claims as relevant.

We’d love to hear from you!