The Securities and Exchange Commission (SEC) charged Atlanta-based investment adviser Invesco Advisers, Inc. with making false statements regarding the integration of ESG factors in their asset management. From 2020 to...
Greenwashing Fears in Sustainability Reporting: CFOs and Investors Sound Alarm Concerns over the credibility of sustainability claims are growing, with 55% of CFOs surveyed in EY’s 2024 Global Corporate Reporting...
Key Impact Points: The Securities and Exchange Commission (SEC) has charged New York-based investment adviser WisdomTree Asset Management Inc. with making misstatements and failing to comply with its own investment...
Key Impact Points: The International Chamber of Commerce (ICC) has launched its Principles for Sustainable Trade Finance (PSTF) at Sibos 2024 in Beijing. Developed in partnership with industry leaders, including...
BlackRock Under Scrutiny for ‘Sustainable’ Investments ClientEarth, an environmental law organization, has taken legal action against BlackRock, the world’s largest asset management firm, for alleged greenwashing. The complaint, filed with...
The big picture: Italy’s antitrust agency has launched an investigation into Shein’s website operator, Infinite Styles Services Co., over potentially misleading environmental claims. The investigation targets Infinite Styles Services CO....
TotalEnergies SE faced a significant setback when South Africa’s Advertising Regulatory Board (ARB) ruled that the company’s sustainability claims were “misleading,” marking the first such challenge in the country. Fossil...
In a landmark ruling, Australia’s Federal Court ordered Mercer Superannuation (Australia) Limited to pay an $7.4 million penalty for misleading claims about the sustainability of its superannuation investment options. Mercer...