“This column reviews novel empirical evidence, which shows that fund managers may game regulatory disclosure to disguise themselves as sustainable, while including higher performing yet controversial assets in their portfolios. The findings highlight the importance of scrutiny and regulation to disentangle true sustainability from greenwashing.”
[COMMENTARY] This article digs deep into greenwashing. Fortunately, regulators such as in the US and EU are cracking down on funds that are misrepresenting their holdings and activities.
Smoke and mirrors: A look inside ESG fund portfolios, by Gianpaolo Parise and Mirco Rubin, October 15, 2023, The Centre for Economic Policy Research (CEPR), EU.