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Financials, Sector Focus

Banks account for greenwashing risk as scrutiny ramps up

By Seth O’Farrell

March 16, 2023
A BNY Mellon office building in New York. The bank was fined in 2022 by the SEC. (Photo: Michael Nagle/Bloomberg)

With increasing fines and regulation against the overstatement of sustainability credentials, the financial sector is – finally – taking greenwashing seriously. From fines issued to banks and asset managers over misleading investors, to court cases launched against pension funds, concerns over greenwashing in financial services are increasing – and carrying ...

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