The Growing Focus on Greenwashing of Financial Products has been saved
The Growing Focus on Greenwashing of Financial Products
Implications in Asia Pacific
With the growing focus on greenwashing of financial products, this article examines the corresponding implications for financial institutions across Asia Pacific.
Greenwashing was thrust to the forefront of the ESG agenda in 2022. With global sustainable fund assets reaching nearly US$3 trillion by the end of Q1 2022, regulators around the world are starting to scrutinise and crack down on misleading Environmental, Social, and Governance (ESG) credentials in investment products. This article explores some of the actions taken by regulators in 2022, what to expect moving forward, and steps financial institutions can take to prepare for potential regulatory changes and avoid unintentional greenwashing of financial products.