![]() ![]() The European Securities and Markets Authority (ESMA) said that in an ideal scenario it would be tackling greenwashing based on a complete set of rules that set boundaries on market behaviour and practices that are not allowed. Regulators are playing catch-up with the deluge of money going into investments that tout their environment, social and governance (ESG) attractions.įew if any investment firms have been punished for "greenwashing", or over-inflating their ESG credentials, as there are no hard rules on what it means. ![]() ![]() LONDON, Feb 11 (Reuters) - The European Union's markets watchdog said on Friday it will start working on a legal definition of "greenwashing" to underpin enforcement action as trillions of euros flow into funds that are advertised as climate-friendly. ![]()
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