Share Prices & Company Research

Market News

27 Mar 2024 | 09:04

Asos, Boohoo, Asda ordered to green up their act

(Sharecast News) - UK regulators have ordered Asda, Asos and Boohoo to avoid "greenwashing" environmental claims on the clothing they sell.



The trio will now have to file regular reports to the UK's Competition and Markets Authority (CMA) after the regulator started probing in 2022 amid worries the retailers were not using evidence to back up their "green" claims.

All have agreed to set out their claims more accurately and not to use "natural" imagery such as green leaves to make a product look better than it is. They were warned that fines could be imposed under current laws for any breaches.

Asda, now privately owned by the billionaire Issa brothers Mohsin and Zuber sells clothing in the UK under its 'George' label.

"What we're asking firms to do is put themselves in the shoes of their shoppers, and see whether that claim is understandable in its own right - is it accompanied by information that makes clear what that means?" said CMA interim executive director for consumer protection and markets George Lusty.

Reporting by Frank Prenesti for Sharecast.com
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new portfolio or transferring your portfolio from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.