The party may be over for all of the greenwashers on Wall Street. There is now little doubt that the U.S. Securities and Exchange Commission is serious about cracking down on misleading claims made by ESG fund managers. Last month, the Securities and Exchange Commission fined a Bank of New York Mellon Corp. investment unit… Continue reading The SEC Goes After Greenwashing by Fund Managers
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65% of Insurance Firms See Significant Impact from Poor ESG Performance: Survey
According to a recent survey conducted by the legal and business consulting firm DWF Group, insurance firms have felt increased pressure on environmental, social, and governance (ESG) issues from regulators, employees, and clients in the last two years. In the report, Claire Bowler, global head of DWF’s insurance sector, stated, “There has been a huge… Continue reading 65% of Insurance Firms See Significant Impact from Poor ESG Performance: Survey
Boardrooms Yet to Fully Grasp ESG Risk
Many global firms are still failing to prioritize environmental, social, and governance (ESG) risks in the boardroom, which is creating worrying gaps in their evaluation and mitigation of these mounting hazards, according to research published by Marsh, the world’s leading insurance broker and risk advisor. Marsh’s report, Evaluating ESG and pandemic risk reporting trends: FTSE… Continue reading Boardrooms Yet to Fully Grasp ESG Risk