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EMEA

ESMA Tackles Greenwashing with New Tool

The EU watchdog plans to ramp up scrutiny of sustainable financial products, warning providers not to make “unsubstantiated” claims.

The European Securities and Markets Authority (ESMA) has developed a new tool that will enable it to better identify cases of greenwashing in the investment management industry. In a new report, the watchdog said it had recently increased its analytical efforts to detect mismatches between green claims and actual investment…

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