Wishing or washing? Green investment claims under spotlight

  • 📰 brisbanetimes
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 67%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

ASIC is keeping a close eye on greenwashing claims, but local funds have warned that “greenwishing” is a more pressing issue.

The corporate regulator is keeping a close eye on attempts at greenwashing by investment firms amid warnings from fund managers of a looming, lesser-known issue of “greenGreenwashing – where companies and fund managers misrepresent how ethical or sustainable their operations or investment products are – has been a rising as investor pressure prompts operators to make commitments on their environmental credentials.

Greenwashing has been in the sights of the Australian Securities and Investments Commission since the regulator announced it would start a review into the issue last July. This led to it releasing a Last year, the International Monetary Fund encouraged policymakers to make more climate data available for corporates and investment funds, including better classification systems to help standardise things such as labels and taxonomies across funds.

“I would encourage ASIC and the regulators to really be clear about enforcement and how we avoid recidivism. You have to have a stringent timescale of enforcement for penalties. I think that would drive the market to be a bit more precautionary and cautious about their claims,” she says.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines