Wall Street

Analysis-Overlapping rules to curb greenwashing may only add to company frustration

Published by
Reuters UK

By Huw Jones and Simon Jessop LONDON (Reuters) – Three competing plans to curb companies from exaggerating their green credentials could lead to more frustration and costs for businesses, especially starting next year. Over $3 trillion has flowed into investments specifically touting their environmental, social and governance (ESG) credentials reported under scores of voluntary disclosures, stoking regulatory concerns about greenwashing. While investors and companies want a single set of mandatory disclosures to aid comparison between firms and keep down reporting costs, three draft sets of di…

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