A new Treasury Committee report on the future of green finance has called on the government and the Financial Conduct Authority (FCA) to consider climate labelling for financial products to tackle “greenwashing”.

The majority (92%) of Financial Planners have seen an increase in demand from clients for investments which have a positive impact on society, according to a new survey.

Independent financial and corporate adviser Chase de Vere has called on product providers to do more to meet a “growing demand” to provide easy access to ethical and socially-responsible investment funds in their workplace pensions.

Over 400 trustees and employers of UK pensions schemes attending the XPS Pensions Group’s annual conference last week believe they must “make a difference to climate change”, with 60% of schemes having already moved away from a traditional investment approach.