The FCA announced the AGR in November 2023 as part of a larger package of measures

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The Advertising Standards Agency (ASA) and latterly the Competition and Markets Authority (CMA) have been leading the UK regulatory charge with respect to policing claims relating to the sustainability characteristics of products and services. However, the Financial Conduct Authority (FCA) now appears to be picking up the baton. What is the anti-greenwashing rule? The FCA […]

Tackling ESG regulation across multiple jurisdictions – a conundrum for multinationals

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ESG-related legislation and regulation are increasingly a focus for companies operating internationally. Scanning the horizon for new developments and adapting their business practices accordingly will be key to ensuring compliance, especially in the face of diverse and ever-changing requirements. In this article for The World Financial Review, Maria Cronin and Fred Kelly discuss why there […]

Peters & Peters

An ESG legislative minefield for multinationals

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Companies that operate internationally face complex ESG-related challenges and potential exposure across multiple jurisdictions. Their business practices and models must therefore be adapted to comply with the developing rules and regulations, such as the newly passed EU Corporate Sustainability Due Diligence Directive, in all the countries in which they operate. In this article for European […]

How the UK’s ASA is leading the way on tackling greenwashing

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As 2030 and 2050 edge closer – key milestones under the UK government’s net zero strategy – UK businesses and regulators are under increased pressure to ensure the information that businesses provide to stakeholders about the environmental impact of their products and services is accurate and not misleading. Overstating ‘sustainable’ or ‘green’ credentials now carries […]

Maria Cronin

Greenwashing: CMA accepts undertakings from ASOS, Boohoo and George at Asda

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In August 2022, the UK Competition and Markets Authority (CMA) launched an inquiry into ASOS, Boohoo and George at Asda to investigate the three fashion brands’ potentially misleading “green” claims. Nearly two years later, in March 2024, the CMA announced that it had agreed voluntary undertakings with the three fashion brands, which commit them “to […]

Maria Cronin

EU Parliament votes to criminalise environment crimes comparable to “ecocide”

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At the end of February, the European Parliament voted through a new environmental crime directive which includes provisions criminalising the most serious cases of environmental damage that are “comparable to ecocide”. The new Environmental Crime Directive was adopted on 11 April 2024 and entered into force on 20 May 2024. The environmental campaign group Stop […]

Environmental complaints: testing new legal routes to effect change

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Across the world, climate change litigation is increasingly seen as an important measure by which to try to effect meaningful local or international action and change of policy. In July 2023, a global study found that climate change cases had more than doubled since 2017 and included thousands of actions filed before international and regional […]

Peters & Peters

Time to take out the trash: Environment Agency launches new Economic Crime Unit

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The Environment Agency has launched a new Economic Crime Unit (ECU) to tackle serious financial offences in the waste sector. The launch comes after the Environment Agency’s National Waste Crime Survey 2023, which found that nearly one-fifth of all the waste produced in England was perceived to be illegally managed. Coupled with this, industry research […]

Dan Hyde

When is ‘green’ a red flag? Identifying eco fraud and supply chain risks

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In March, the UK government released its Green Finance Strategy, setting out plans to attract investment to help achieve the country’s net zero ambitions. Then, a month later, the National Fraud Strategy came out, revealing that fraud is “by far” the UK’s most common crime, representing 40% of offences in England and Wales. However, no […]

Joseph Duggin

Activist investors and NGOs leaving regulators in their wake

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On May 12, ClientEarth, the environmental law charity, saw its claim against the directors of Shell plc dismissed by the UK High Court. The claim has been touted as a “world-first lawsuit”: a derivative action against directors of a listed company for failing to manage climate-change risks that was backed by institutional investors. The claim […]