The SEC is considering rules for fund managers to disclose more information about investments they market as “green” or “sustainable,” Chairman Gary Gensler said.
The Securities and Exchange Commission is looking at whether fund managers should report the criteria and underlying data they use to market funds focused on environmental, social, and governance matters, Gensler said Wednesday.
“The basic idea is truth in advertising. We’ve seen a growing number of funds market themselves as ‘green,’ ‘sustainable,’ ‘low-carbon,’ and so on,” he said in remarks to the SEC’s Asset Management Advisory Committee.
Some funds that market themselves as “green” or “sustainable” ...