Crackdown on greenwashing weighs on ESG funds growth ...Qatar

News by : (Gulf Times) -
Global sustainable investments are estimated to range between $35tn and $40tn. Amid mounting concern that only a fraction of such assets are bona fide “environmental, social, and governance” (ESG) investing, there are calls for tougher regulations to stamp out the false claims by fund managers. Asset managers have dramatically reduced the number of new ESG funds they’re rolling out, as a tougher regulatory environment makes it harder to make claims of environmental, social and governance investing. Reclassifications that add an ESG element to conventional funds are down 84% compared with a year ago, according to data compiled by Jefferies. New ESG funds built from scratch fell 60% over the

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