UK watchdog says some funds attempting to mislead with ESG label

Signage is seen for the FCA (Financial Conduct Authority), the UK's financial regulatory body, at their head offices in London, Britain March 10, 2022. REUTERS/Toby Melville

LONDON: Britain’s financial watchdog is having to “push back” against some investment funds that misleadingly attempt to label themselves as being focused on environmental, social and governance (ESG) based performance.

Regulators across the world are seeking to crack down on “greenwashing”, or over-inflated climate friendly claims by companies and funds to attract investment.