Greenwashing Fears Chill Climate Investment, Ninety One CEO Says

South Africa’s largest asset manager warned tougher Environmental, Social and Governance reporting rules being considered in the US and EU could deter investors wary of being suspected of greenwashing.

“We are driven by our fear for greenwash,” said Ninety One Ltd. Chief Executive Officer Hendrik du Toit, referring to the practice of some companies that exaggerate their climate credentials for public relations purposes. “So now our industry’s freezing and going into a talking mode, looking for data while the world needs to finance new infrastructure for a clean, green, economy,” he told a seminar hosted by INN8 Invest in ...