That same month, the US Securities and Exchange Commission (SEC) fined a BNY Mellon unit US$1.5 million ($2 million) for misstatements and omissions about its environmental, social and governance (ESG) considerations.
A recent Moody’s report forecasts that green, social, sustainability and sustainability-linked (GSSS) bond issuance will be flat in 2022. Amid greenwashing scandals and market headwinds, has ESG investing lost its steam?
Sustainable bond issuance will be flat in 2022 amid market headwinds, declares the title of a Moody’s report released in May. But is anyone surprised? If 2020 and 2021 were banner years for sustainable investing, 2022 is surely the year of backlash.
