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Great corporate citizenship goes beyond a focus on addressing surface-level sustainability efforts with today’s leading responsiblecorporations drawing on the collective impact of a variety of initiatives that address an array of trends and emerging issues.”.
By contrast, one response was flatly opposed to the plans, describing them as “futile” and “arbitrary”. At issue is the practice of greenwashing, in which dubious or over-stated claims are made for the environmental or social impact of green-labelled funds and other financial products.
Recommendations by the financial industry to better integrate environmental, social, and governance issues in analysis, asset management, and securities brokerage. . ESG ratings are questioned, accusations of greenwashing are proliferating, and debate about the purpose and integrity of ESG investing is ongoing.
Learn more about this growing movement of Certified B Corporations using business as a force for good, and sign up to receive the B The Change Weekly newsletter for more stories like this one, delivered straight to your inbox once a week. From a company’s perspective, sustainable finance refers to CorporateSocialResponsibility (CSR).
Well, it’s the responsibility to shareholders in the sense of creating value for them. Something related to all of this is where ESG [environmental, social, and governance investing] is headed. Under Gary Gensler, the SEC is very clearly working to reduce and also police “greenwashing.”
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