Greenwashing is the most mentioned problem in ESG, and it is also an issue involving many stakeholders like consumers, investors, enterprises.
Although the world has not yet formed a consistent definition of greenwashing, various jurisdictions have realized the harm and actively issued policies.
ESMA releases a report on the financial impact of greenwashing controversies
The International Capital Market Association (ICMA) released a greenwashing report on sustainable finance
CFA Institute Research and Policy Center releases the fund disclosure and greenwashing risk report
The Asia Investor Group on Climate Change (AIGCC) and Client Earth jointly released a report to help financial market participants understand what is greenwashing and avoid it
The Securities and Exchange Board of India (SEBI) issued a consultation paper to solicit opinions on the ESG disclosures of listed companies, the ESG rating of the securities market and the ESG investment in the asset management industry, so as to promote a more transparent and simplified development
The French regulator AMF issued a document recommending that the minimum environmental standards be included in the classification of ESG funds under SFDR to reduce the possibility of greenwashing
The Securities and Markets Stakeholder Group (SMSG) under the European Securities and Markets Authority (ESMA) put forward advice on the problem of ESG greenwashing
The International Capital Market Association (ICMA) replied to the draft Sustainability Disclosure Requirements (SDR) issued by the Financial Conduct Authority (FCA), and advised on the three types of sustainable investment labels. ICMA believes that the proposal of SDR can help the financial industry to make greater contributions in the transformation of low-carbon economy, and the establishment of investment labels can facilitate the sustainable product development of asset management companies and help investors to select appropriate financial products