Greenwashing is no longer a PR problem – it's also a legal one
Regulators are starting to clamp down on greenwashing. Until recently, there was very little oversight of how ESG funds are marketed, but in May 2022, the SEC fined BNY Mellon Investment Adviser US$1.5m for “misstatements and omissions” with regard to the ESG standards of some of its mutual funds.1 ...