Greenwashing has been a problem for the ESG industry since it began to gain popularity, but recent action by regulators has shown that watchdogs like the FCA and SEC are not afraid to crack down on offenders.
Sunil Rana, CEO of analytics firm Vyzrd, argued that "we are witnessing a long overdue push by the market regulators to tame the wild west of ESG investing," as regulators across the globe begin to take action on greenwashing. Recently under the spotlight are companies including BNY Mellon, DWS and Goldman Sachs, with DWS chief executive Asoka Woehrmann resigning following a police raid on the firm. Why have regulators ramped up pressure against greenwashing, and what impact could that have on the asset management industry? Causes Rana said that following the "mad rush" to launch...
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