- Commercial disputes
- Financial services
- Financial services
Shorter Reads
CityAM reported this week that MP’s are calling for a ban on ‘greenwashing’ in financial services firms, by making environmental labelling compulsory for consumer financial products and by tasking regulators to put a stop to misleading claims.
1 minute read
Published 23 April 2021
Greenwashing is coming under increasing scrutiny from all angles, including MPs, regulators, NGOs and the general public. It is also likely to give rise to legal claims, if investors and shareholders consider they have been misled about a company’s environmental credentials.
Many financial services companies are making environmental commitments, and are also subject to increasing disclosure obligations regarding climate change. This raises the potential for misrepresentations to be made. Widespread shareholder interest and responsiveness to environmental issues might make shareholders more likely to bring claims as a result.
We expect to see claims for negligent misstatement, and potentially shareholder class actions for greenwashing.
Related content
Shorter Reads
CityAM reported this week that MP’s are calling for a ban on ‘greenwashing’ in financial services firms, by making environmental labelling compulsory for consumer financial products and by tasking regulators to put a stop to misleading claims.
Published 23 April 2021
Greenwashing is coming under increasing scrutiny from all angles, including MPs, regulators, NGOs and the general public. It is also likely to give rise to legal claims, if investors and shareholders consider they have been misled about a company’s environmental credentials.
Many financial services companies are making environmental commitments, and are also subject to increasing disclosure obligations regarding climate change. This raises the potential for misrepresentations to be made. Widespread shareholder interest and responsiveness to environmental issues might make shareholders more likely to bring claims as a result.
We expect to see claims for negligent misstatement, and potentially shareholder class actions for greenwashing.
Need some more information? Make an enquiry below.
Enjoy reading our articles? why not subscribe to notifications so you’ll never miss one?
Subscribe to our articlesPlease note that Collyer Bristow provides this service during office hours for general information and enquiries only and that no legal or other professional advice will be provided over the WhatsApp platform. Please also note that if you choose to use this platform your personal data is likely to be processed outside the UK and EEA, including in the US. Appropriate legal or other professional opinion should be taken before taking or omitting to take any action in respect of any specific problem. Collyer Bristow LLP accepts no liability for any loss or damage which may arise from reliance on information provided. All information will be deleted immediately upon completion of a conversation.
Close