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FCA closes investigation into Drax Group PLC
The FCA closed its investigation into Drax Group PLC regarding disclosures about the sustainability of its Canadian biomass. The investigation focused on whether Drax’s annual reports and accounts between 2021 and 2023 contained misleading statements or omitted important information. No evidence was found to justify further action.
Financial Conduct Authority
Date Added
20 June 2026 at 17:32:19
Why it matters
Demonstrates FCA’s scrutiny of environmental claims in listed company disclosures and its willingness to close cases when evidence does not support enforcement.
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