APG: Greenwashing should be punished
Dutch pension provider APG’s Asian ESG head points out conflicts of interest for conglomerates and calls for stricter punishments on greenwashing.
The practice of green- or other washing (providing exaggerated claims about the environmental, social or governance impacts of a fund) should result in tough punishment, Yoo-Kyung Park, Asia head for sustainable investing and governance for APG, has told AsianInvestor.
Despite publicly committing to engagement on environmental, social and governance (ESG), Asian asset managers remain conflicted, she said.
“In Korea, for example, all the local asset managers say that they take ES…
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