ESG Greenwashing
The International Capital Market Association (ICMA) recently issued a document in response to the solicitation of opinions from European regulators on ESG greenwashing and put forward new views on the definition of greenwashing, the
The Financial Services Agency of Japan (FSA for short) recently issued documents to supervise ESG fund greenwashing. FSA believes that with the introduction of ESG into the name and investment strategy of the fund, the problem of greenwashing is
This regulatory document is the first time that the regulatory authority has formulated the ESG fund greenwashing issue. It believes that if the fund pursues sustainability, it needs to disclose relevant specific plans to the market
The phenomenon of greenwashing in the current market is more complex and difficult to identify than 36 years ago. Greenwashing can be understood as “declaring green actions to the outside world when do not meet the green standards”, or “exaggerating green actions”
In order to curb ESG greenwashing, more than 80% of investments related to ESG can be named as ESG funds, and more than 50% of minimum ESG investments related to sustainability can be named as sustainable funds
