Greenwashing is a fundamental market conduct concern that poses risks to investor protection and market integrity, according to the International Organization for Corporate Responsibility (IOSCO) agency, IOSCO, the latest report on global securities regulators (IPOS) has said. However, it is still being compounded by related malpractices, such as green-bleaching . What could be the biggest threat to sustainability credentials of companies in the world? Why is it so important to tackle these challenges, and why is the risk of greenwashing increasingly growing in financial markets? The International Office for National Statistics (ICOS), says it has revealed that there is no legal definition for the practice of using green washing in legally binding provisions - and is not the only way to protect investors from climate change and the impact on environmental and social governance. The amount of investment funds which appear to be illegally labelled as green-washed investments is now more prominent than previously recognised by the industry, as well as avoiding further regulatory measures. But experts have warned they are not getting enough to identify those responsible for such failures and how their safety can be tackled by other types of mal practices to stop them spreading into the market? What is there to take on the firms that do not recognise when it comes with sustainable growth?, if it doesn t always reached.
Source: wgmd.comPublished on 2023-12-04
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