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Financial market participants are asking for more regulations and better supervision to help rein in exaggerated ESG claims.
A Bloomberg News survey of ESG-related issues found that 53% of 550 Terminal users want more rules to help them tackle environmental issues. The picture varies across regions, with Europeans more in favor of extra regulations than Americans, while both regions gave green issues priority over social or governance matters. In Asia, where efforts to regulate ESG are trailing those in Europe and the US, a majority of survey respondents wanted more rules across the board.
“Greenwashing is rife in the capital markets,” said Luke Sussams, an analyst at Jefferies International Ltd. in London. Regulations address such risks, but “rigorous monitoring is the only way to really constrain greenwashing.”
Environmental issues mentioned most prominently in Bloomberg survey
Source: Bloomberg
Note: In survey, 550 Terminal users were asked: How do you feel about regulation in each aspect of ESG?...
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