WebDec 1, 2024 · 3 Anti-greenwashing guidance - publication. The Commission has published guidance for funds on measures to counter the risk of greenwashing (the Guidance). This Guidance applies to all authorised or registered funds and to those responsible for preparing the prospectuses and other marketing materials of such funds. Where the … WebFeb 16, 2024 · Greenwashing continues to be a key concern for regulators, governments and industry. While regulators have primarily focussed on the actions of asset managers, insurance firms are also exposed to greenwashing risk. Greenwashing risk can arise inadvertently. Without appropriate governance and oversight, insurance firms are …
Earth Day “corporate hijacking” under the spotlight
WebJul 15, 2024 · MAS has progressively integrated environmental risk into its supervisory framework and processes at the individual firm and system-wide levels. MAS will … WebJul 9, 2024 · “Greenwashing” is a response to the rising demand for sustainable products. According to Allied Market Research, the sustainability market for green technology was … how are you feeling chart images
Greenwashing – key risks and issues in financial services
WebMAS is likewise seeing an increasing number of retail funds with ESG investment focus being offered in Singapore. 2 To mitigate the risk of greenwashing, MAS sets out in this Circular our expectations on how existing requirements under the Code on Collective … WebJun 22, 2024 · Greenwashing is becoming the bane of global financial systems. If not tackled well, an erosion of confidence in ESG products can affect financial stability. a. The magnitude of greenwashing is concerning. Recently, Morningstar removed ESG tags from roughly 1 in 5 funds. This is over 1,200 funds managing over US$1 trillion in AUM. b. WebNov 26, 2024 · The Australian Prudential Regulation Authority (APRA) has released its final prudential practice guide on climate change financial risks, following consultation on the draft Prudential Practice Guide CPG 229 Climate Change Financial Risks (CPG 229) released in April this year. The guide is designed to assist banks, insurers and superannuation ... how many minutes until 4:15 pm