03.01.22

SEC Chief Takes to Twitter to Issue New Warning on Greenwashing

by: Jesse Westbrook

SEC Chair Gary Gensler on Tuesday posted a video on Twitter that highlights some of his top concerns over greenwashing. Gensler pointed out that there’s no industry consensus on what environmental, social and governance (ESG) investing means. He questioned whether firms are adhering to a 1940 law that requires fund names to match what they invest in. And he noted that unlike many high-yield bond funds, ESG offerings do not publish debt ratings that back up their labels.

Read the full article on Bloomberg