The Financial Conduct Authority's Sacha Sadan has warned the regulator has its eye on ‘social washing' and that the issue is just as prevalent as greenwashing.
Speaking at an SRI Services & Partners event for Good Money Week on 6 October, Sadan said how asset managers tackle social issues "will be very important in the next few years". "Consumers and the electorate care about that a lot," he added. SIF 2022: Stop the greenwashing and get on with it As director of ESG at the FCA, Sadan made a point of saying he is director "of ‘E', ‘S' and ‘G'". "You hear about greenwashing but you do not hear about ‘social washing', but it is just as bad and we will hear a lot more about it over the next few years," he said. Earlier this week, FCA t...
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