Chancellor sets new standards for environmental reporting to weed out greenwashing and support transition to greener financial

  • Chancellor publishes roadmap setting out details on new Sustainability Disclosure Requirements
  • Requirements will mean businesses must start disclosing their environmental impact
  • Businesses and consumers will have a better understanding of whether their investments are aligned with net zero
  • Rishi Sunak will call on the investment community to help cement UK's status as the best place in the world for green investment

The new requirements, which will also apply to pension schemes, investment products and asset managers and owners, are part of the government's landmark reforms to create a greener financial system.

Around 70 per cent of the UK public want their money to go towards making a positive difference to people or planet. But the lack of common definitions around environmental sustainability is leading to greenwashing, misleading investors and consumers about how green a product really is.

The new Sustainability Disclosure Requirements (SDR) will ensure investors have the information they need to make informed decisions about where to put their money.

Following the publication of a new report setting out

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