Fashion retailers ASOS and Boohoo are being investigated by the Competition and Markets Authority over their ‘green claims’.
Along with George at Asda, the three brands are being scrutinised about whether they misrepresented their sustainability criteria. In a statement, the competition watchdog said: "Should we find these companies are using misleading eco-claims, we will not hesitate to take enforcement action - through the courts, if necessary." SIF 2022: Jonathon Porritt warns of 'massive amount of greenwashing' This is part of an ongoing investigation by the CMA launched back in 2020 looking into how products and services claiming to be 'eco-friendly' are being marketed, and whether consumers may be...
To continue reading this article...
Join Investment Week for free
- 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