Finance regulators are to focus on Greenwashing of ESG funds.

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Finance regulators are to focus on Greenwashing of ESG funds. The Securities and Exchange Commission announced a $1.5mn fine on BNY Mellons fund management division for allegedly providing misleading information on its ESG investments. It also promised tighter rules on disclosures and marketing for ESG funds.

Republican Senator Roy (TX-21) was joined by 7 Republican colleagues in introducing the No ESG at TSP Act” to prevent the federal Thrift Savings Plan (TSP) from allowing taxpayer dollars to flow into ESG funds. The Thrift Savings Plan holds over $700Bn. (https://lnkd.in/ebxWm8kC)

#esg #regulation #securitiesandexchangecommission #eu

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