United States SEC Investigates Goldman Sachs ESG Funds, Increased Scrutiny on Misleading ESG Claims & Greenwashing
17th June 2022 | Singapore
The United States SEC (Securities & Exchange Commission) has started investigation into Goldman Sachs ESG funds, as authorities increase scrutiny on asset managers for misleading ESG Claims & Greenwashing (false or misleading claims about the environmental benefits of a product, service, technology), after recent fines & investigations on BNY Mellon & DWS by the United States Securities & Exchange Commission (SEC). Goldman Sachs Reply to ESG Today: “The US Securities and Exchange Commission (SEC) has been conducting an investigation as to a historical time period for the Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs International Equity ESG Fund and a US Equity ESG separately-managed account offering. The assets under supervision for these strategies total approximately $725 million as of April 30, 2022. Goldman Sachs is cooperating with the SEC on this matter.” (ESG ~ Environmental, Social & Governance) Read: United States SEC Charges BNY Mellon for Misleading Statements on ESG, Pays $1.5 Million Penalty | Deutsche Bank $970 Billion DWS Group CEO Asoka Woehrmann Resigns after Police Raid on Greenwashing, Head of Corporate Bank Stefan Hoops Appointed as new CEO.
” United States SEC Investigates Goldman Sachs ESG Funds, Increased Scrutiny on Misleading ESG Claims & Greenwashing “
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