The Financial Conduct Authority (FCA) has formed a working group to develop a code of conduct for ESG data and ratings providers.

Just 1% of financial advisers and wealth managers “completely trust” the sustainability claims made by funds, according to a new report.

Investment fund data provider FE fundinfo has added new ESG features to its FE Analytics and FE CashCalc services to give financial advisers more information when choosing sustainable investments.

The FCA is planning to clamp down on so-called ‘greenwashing’ - false claims that funds and financial products abide by strict ESG credentials.