Greenwashing a problem for fund management industry, study finds

More than 85% of investors have said the fund management industry has a problem with greenwashing, while 81% want to see more standardisation of ESG reporting, globally.  The boutique asset management think tank, IIMI, carried out the study to gather views on the recent steps taken by the FCA around ESG.  It also found 69% of its membership have welcomed the FCA's proposals on TCFD reporting, although just 41% agreed that TCFD was the best ESG reporting template available.  Just over half of those surveyed said the FCA's guiding principles would help to combat greenwashing, with a ...