The risks of being invested in companies on the ‘wrong side’ of ESG regulation intensifies as the fallout of a government investigation into Boohoo and ASOS looms.
The UK fashion retailers are under investigation by government watchdog group Competition and Markets Authority on whether its green claims were overexaggerated. Asda was also named in the investigation and the CMA has said it would not hesitate to take legal action against the chain if necessary. All three firms have claimed to have clear sustainability guidelines and are working with the CMA, but the investigation raised questions about how fashion brands fit within the changing ESG landscape. Fashion brands currently make up 25% of greenwashing complaints to the CMA, data from M...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
