Invesco Advisers’ ESG Claims Draw $17.5 Million SEC Fine (1)

Invesco Advisers Inc. will pay a $17.5 million fine to settle US Securities and Exchange Commission allegations that it misled clients about the share of company-wide assets under management that integrated environmental, social and governance factors into investment decisions.

From 2020 to 2022, the firm told clients that between 70% and 94% of parent company Invesco Ltd.’s AUM were “ESG integrated,” the agency said in a news release Friday. In a 2020 presentation to a large wealth management firm, Invesco Advisers touted “Our Commitment to ESG” and called itself a “Trusted Partner in Responsible Investment,” according to the SEC’s ...