Canada’s light touch regulation of ESG funds risks ‘greenwashing’ claims

Canada is persisting with its fairly relaxed approach to regulating funds claiming environmental, social and governance (ESG) credentials despite recent allegations of “greenwashing” elsewhere that have spurred other regulators including the U.S. Securities and Exchange Commission to consider tightening rules. The Canadian Securities Administrators (CSA) issued guidance for ESG funds early this year that simply […]

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