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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.
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
Recent prominent media articles have warned of a bubble and criticized sustainable portfolios for being ineffective as agents of change. Sustainableinvestment 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.
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.
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.
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.
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.
This interest is driven by new climate science findings and the strong performance of sustainableinvestments: In 2023, sustainable funds outperformed traditional funds , delivering an overall return of 12.6%, which is almost 50% higher than that of traditional funds. trillion in 2022, a 15% decrease from 2020.
Alexander True, Business Partner at Sarasin, offers seven questions to help investors sort the green from the greenwashed. Investors’ desire to make a positive difference has driven huge inflows into strategies that make sustainability claims. Is your asset manager a signatory to the UN Principles for Responsible Investment (PRI)?
Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. The decision to rebrand a fund often raises eyebrows, with investors “intuitively suspicious” of the activity due to greenwashing concerns among others.
Ten days earlier, seven Ontario youth appeared in court virtually to challenge the provincial government’s decision to gut its climate targets in 2018. “We In 2018, Watts co-founded an accelerator for young people in low-income, high-climate-risk countries working on climate start-ups. That’s the power of compounded action,” she says.
In a case brought by investor Richard Tonetta, the Delaware Court of Chancery ruled that the 2018 compensation deal – the biggest in US corporate history – did not satisfy its test of fair price and process, asserting that Tesla’s board had no need to offer the 21.9%
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including the ISSB, Hymans Robertson, 2DII, ACA Group, Edison, UKSIF and Util. . Hales has served as Chair of the SASB Standards Board since 2018. Their appointments make the ISSB quorate.
With so many more people investingsustainably, and doubtless many more still on the sidelines, I’d like to see 2022 be a year marked by greater transparency to minimize gaps that I think are emerging between what investors expect and how funds are actually executing their sustainableinvesting mandates. times since 2018.
It was proposed as a part of the EU Action Plan on Sustainable Finance , which was introduced in 2018, and officially adopted in July 2020, requiring companies and financial institutions to disclose the proportion of their activities that are taxonomy-eligible or taxonomy-aligned.
Global sustainableinvestment fund flows rebounded sharply in the fourth quarter of 2024, as stronger flows into sustainable funds in Europe more than offset an increased pace of outflows in the U.S., Even as full year flows weakened however, the global sustainable fund universe ended the year at a new annual high of $3.2
Global sustainableinvestment funds experienced record outflows in the first quarter of 2025, with withdrawals of approximately $8.6 Among the key factors highlighted by Morningstar driving the record withdrawal was the first-ever outflows in European funds to be recorded by the report since at least 2018, when the series began.
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