ESG DAILY: Greenwashing Seen as Biggest Obstacle for Investors

While pension funds and insurers say they want to be more environmentally conscious, they say they’re struggling with third-party investment managers that exaggerate their green bona fides.

• A poll conducted by Schroders found that 60% of 650 institutional investors said “greenwashing,” where the environmental benefits of an investment strategy are misrepresented, was the biggest thing standing in the way of their sustainability goals. Almost half of those surveyed also said they struggled with a lack of transparency and access to data
• Greenwashing is in focus as appetite grows for funds that take ESG factors into account. The EU, ...