Business
‘Green washing’ rife as ethical investing dollars roll in – Sydney Morning Herald
There’s increasing scrutiny of companies and fund managers that profess to be socially responsible.
How true-to-label these funds are is going to be a question of increasing interest to companies, investors and regulators as the size and influence of the sector grows.
There are plenty of stories of large funds with supposed ESG investment credentials that hold shares in companies that dont conform to their stated policies, or vote contrary to their stated ESG policies or dont vote at all on contentious ESG-related issues.
The fund managers are being drawn to sustainable investing because the increased…
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