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Scandals such as a person at German asset supervisor DWS — which agreed to pay $19mn to your US securities regulator within a greenwashing probe after becoming accused of creating “materially deceptive statements” — have also hit hunger for your sector.
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Suggesting that some ESG products might have did not live up to their assure, Jamie Franco, worldwide head of sustainable investments at asset supervisor TCW, reported some funds launched in 2020-21 “possibly went out a little bit far too speedily [and] probably took advantage of some ESG advertising and marketing sentiment”.
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