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Fund Managers Doing Bogus ESG ‘Engagement’ Are Put on Notice

  • Fund managers will be held to account over strategy claims
  • Move comes amid persistent warnings of widespread greenwashing
Updated on

ESG funds that are peddling bogus engagement strategies are about to feel some heat as Morningstar Inc. moves to the next stage of its quality control of the industry.

“We are going to look at engagement more closely, engagement activities related to climate especially, to hold managers to account,” said Hortense Bioy, global head of sustainability research at Morningstar.