On 19/10/2023, Britain’s financial watchdog said on Thursday it was having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance.
Specifically, currently some investment funds are labeling themselves and claiming that they are focusing on performance based on “ESG” environment, society and governance. The above funds tend to inflate themselves to attract investment capital. The UK’s financial supervision agency is having to fight and push back against the wrongdoing of the above investment funds. Typical examples can be seen: Funds call for capital from investors with Sustainable Development commitments and investment statements associated with environmental activities. But in reality, the evidence does not show the actual actions of the above funds.
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Source: Reuters