Latest News

Greenwashing probe underscores need for global regulation

June 1, 2022 (Investorideas.com Newswire) The raid by prosecutors on the Frankfurt offices of an asset management company on Tuesday into ‘greenwashing’ underscores the need for global regulators to work together to stamp it out, says the CEO of a leading global financial giant.

The observation from Nigel Green of deVere Group follows a probe into claims about a firm exaggerating the green credentials of some of its financial products.

He comments: “Investments linked with environmental, social and governance (ESG) credentials continue to receive unprecedented capital inflows as investors seek profits with a purpose.

“But to make sure this tsunami of private money is put to work in the correct way, it’s imperative that global regulators work together on an international framework of standards.

“This will help prevent greenwashing – misleading environmental claims – which could damage the credibility needed to guarantee the inflows are maintained.

“Although watchdogs are increasing scrutiny on alleged greenwashing practices, more still needs to be done. We need joined-up thinking on an international level to tackle an international issue.”

The megatrend of ESG and sustainable investing is not going away, says the deVere Group CEO. This is largely due to demographics. Millennials who are statistically more likely to seek responsible investment options, are set to become the major beneficiaries of the largest inter-generational transfer of wealth – an estimated $30 trillion over the next few years.

“Regulators need to catch-up to meet the challenges of increasing demand. Initiatives that began in the EU are now spreading worldwide, but there remains a lack of consistency in definitions and data.”

A global regulatory framework for ESG investing would provide greater protections for those investors who are looking for profits with purpose and will also help to stamp-out greenwashing.

The deVere CEO concludes: “Recent events in Frankfurt highlight the urgent need for a workable global regulatory framework that will help investors reach their financial objectives whilst proactively protecting people and the planet.”

t: +44 207 1220 925
e: george@priorconsultancy.co.uk
Twitter: @PriorConsults

deVere Group is one of the world’s largest independent advisors of specialist global financial solutions to international, local mass affluent, and high-net-worth clients. It has a network of more than 70 offices across the world, over 80,000 clients and $12bn under advisement.

More Info:

This news is published on the Investorideas.com Newswire – a global digital news source for investors and business leaders

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investing involves risk and possible losses. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Contact management and IR of each company directly regarding specific questions.

More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

Global investors must adhere to regulations of each country. Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

What's your reaction?

Excited
0
Happy
0
In Love
0
Not Sure
0
Silly
0

You may also like

Leave a reply

Your email address will not be published.

More in:Latest News