BlackRock, State Street scramble to manage greenwashing risk
Major asset managers fear greenwashing lawsuits due to their reliance on similar global indices as the sued Vanguard fund. Regulators are aggressively targeting misleading ESG claims, exposing widespread industry vulnerability to prosecution for deceptive conduct. This highlights the urgent need for transparency in how ESG criteria are applied and verified.
Source: afr.comPublished on 2023-08-04