Investment management firm hit with record fine in greenwashing crackdown
The misrepresentations made by Vanguard significantly contributed to the company s ability to draw investors to its fund. These misrepresentations also bolstered Vanguard s image as a provider of investment funds with Environmental, Social, and Governance (ESG) characteristics. This positive perception was heightened when compared to a scenario where Vanguard had transparently communicated the ESG screening limitations and the fund s exposure to issuers involved in the excluded industries. In essence, the misrepresentations played a pivotal role in shaping Vanguard s reputation and investor attraction strategy, particularly in the context of ESG-focused investment funds.
Source: insurancebusinessmag.comPublished on 2024-09-25
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