- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Neil Hodge2022-08-31T14:25:00
European regulators are taking greater steps to clamp down on companies’ misleading environmental, social, and governance (ESG) claims, but experience shows different countries have differing priorities about tackling dishonest marketing.
While the focus of many countries is to target the biggest offenders capable of harm, there appears to be a split about which industries are most at fault and which regulators should take the lead.
Several European Union countries—including Denmark, France, Germany, and the Netherlands—and the United Kingdom have identified the financial services sector as being one of the biggest culprits, particularly regarding trying to entice pension funds to invest in supposedly green funds. As a result, financial regulators in these countries have been vocal in their desire to see the bloc pass EU-wide legislation to prevent greenwashing.
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2024-06-06T17:00:00Z By Aaron Nicodemus
The European Securities and Markets Authority, European Banking Authority, and European Insurance and Occupational Pensions Authority issued reports on greenwashing in the financial sector, describing how they plan to call out examples of false or misleading sustainability claims.
2023-10-03T16:58:00Z By Aaron Nicodemus
The $19 million fine against DWS Investment Management Americas levied by the SEC wasn’t to punish greenwashing, experts said, but rather a penalty imposed for the firm not doing what it claimed related to its environmental, social, and governance investment strategy.
2022-06-01T18:10:00Z By Aaron Nicodemus
Asoka Woehrmann, chief executive of DWS Group, has resigned amid an investigation by German officials into allegations of greenwashing within the asset management unit’s investment portfolio.
2025-03-10T20:56:00Z By Adrianne Appel
The public reported a 25 percent increase in losses–totaling more than $12.5 billion in 2024–to investment scams, tech rip-offs, and general fraud, according to an analysis by the Federal Trade Commission.
2025-01-08T17:13:00Z By Jeff Dale
Portuguese bank Novo Banco, S.A., fired Chief Risk Officer Carlos Jorge Ferreira Brandão “with just cause” after an internal probe discovered “suspicious financial transactions” in his sphere.
2024-12-30T14:57:00Z By Aaron Nicodemus
A prominent risk management firm has issued its predictions for the top five risks for business in 2025, along with guidance for how organizations should prepare and respond.
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