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In March 2022, the Competition and Markets Authority (CMA) provided its environmental sustainability advice to the Government. As part of that work, CMA found that businesses needed more clarity about what is, and what is not, legal when working together towards sustainability goals.
As a result of this review, CMA is now consulting on draft guidance on the application of the Chapter I prohibition in the Competition Act 1998 to agreements between competitors or potential competitors in relation to environmental sustainability agreements. The document also sets out guidance that is specific to agreements which combat or mitigate climate change where a more permissive approach is proposed.
For more information and to respond to the consultation, follow this link.
This consultation closes at 5pm on 11 April 2023.