ESG Today
DECEMBER 21, 2022
Financial products and funds labelled as ‘sustainable,’ green,’ or ‘ESG’ on Swiss financial markets will be required to align or contribute to specific sustainability goals, with providers required to disclose how they intend to achieve the goals, according to new proposed rules unveiled by the Swiss Federal Council.
ESG Today
NOVEMBER 28, 2023
According to the FCA, the new rules come as investors increasingly seek investments with positive environmental and social impact, with global AUM in ESG-oriented funds anticipated to grow to $36 trillion by 2026, while around 70% of investors report lacking trust in the sustainability claims of investment products.
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ESG Today
OCTOBER 25, 2022
The FCA’s initiative forms part of a series of moves by regulators globally to address greenwashing risk with clearer investment product labels and disclosures, including a proposal by the U.S.’ Consumers must be confident when products claim to be sustainable that they actually are.
ESG Today
FEBRUARY 7, 2023
The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has informed asset managers that it will be testing the ESG and sustainable investing claims made in their communications with investors, as part of its efforts to reduce greenwashing risk.
ESG Today
FEBRUARY 28, 2023
Sarah Court, ASIC Deputy Chair, said: “There is increased demand for sustainability-related financial products, and with that comes the growing risk of misleading marketing and greenwashing. If financial products make sustainable investment claims to investors and potential investors, they need to reflect the true position.”
ESG Today
AUGUST 2, 2024
million) penalty for making false claims about some of its sustainable investment options. The ASIC suit formed part of a series of a series of greenwashing-focused actions by the regulator, including cases against superannuation fund Active Super and Vanguard Investments. million ($USD7.4
ESG Today
OCTOBER 25, 2023
Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’
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