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Australia Court Finds Vanguard Guilty in Greenwashing Suit

ESG Today

The cases follow a warning by ASIC Chair Joseph Longo to providers of investment funds and financial products that the regulator was watching out for misleading sustainability claims, and that it was providing guidance for fund managers and issuers to keep clear of greenwashing.

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Australia Court Fines Vanguard Record $12.9 Million Over Misleading Sustainable Investing Claims

ESG Today

million) penalty to Vanguard Investments Australia for misleading claims made by the investment management firm about one of its ESG funds, including failing to apply exclusionary screens to avoid investments in companies with fossil fuel activities, as claimed in its communication materials and disclosures. million (USD$8.9

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AllianceBernstein: Four Counterpoints to ESG Investing Critics

3BL Media

Recent prominent media articles have warned of a bubble and criticized sustainable portfolios for being ineffective as agents of change. Sustainable investment funds are mushrooming. Assets under management in Morningstar’s global sustainable fund universe surged to $2.75 We think the critics have missed the point.

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Responsible-investing trailblazer awarded Order of Canada

Corporate Knights

The task force also worked on a wide range of what we now call environmental, social and governance issues two decades before the ESG acronym became common in the investment world. EE: There’s a general concern about greenwashing and the dissonance between what many companies say they believe about ESG issues and what they are actually doing.

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DWS CEO Quits Over Greenwashing Accusations

Chris Hall

Woehrmann, who had held the position since late 2018, will be replaced by Stefan Hoops, currently head of DWS parent Deutsche Bank’s corporate banking operations, from 10 June, according to a statement issued Wednesday. The post DWS CEO Quits Over Greenwashing Accusations appeared first on ESG Investor.

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Greenwashing Risk Grows in China ESG Funds

Chris Hall

Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.

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EU Commission Considers Requiring Sustainability-Related Disclosures for All Financial Products

ESG Today

Following the launch of the consultation, Mairead McGuinness, Commissioner for Financial Services, Financial Stability and Capital Markets Union, said: “Sustainability information is key to empowering investors to make informed decisions on their investments. Today we are launching an in-depth three-month consultation for stakeholders.