"Government enforcers are on the hunt for companies making misleading claims about their so-called ‘eco-friendly’ products."
"From dubious claims about bamboo-based products to climate funds that are not quite what they seem, regulators have been increasing their scrutiny of corporate claims to be green.
Financial watchdogs worldwide have been taking aim at so-called “greenwashing” as investing in line with environmental, social and governance (ESG) principles surges in popularity.
During a punishing first three months of the year for markets, assets held in sustainable funds fell by 4 per cent, according to research agency Morningstar. They still proved more resilient than the wider US market, though, where assets fell by 6 per cent during the quarter."
Patrick Temple-West reports for the Financial Times May 30, 2022.
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