Reported 16 days ago
Invesco Advisers Inc. has been fined $17.5 million by the SEC for allegedly misleading clients about the percentage of its assets that incorporated environmental, social, and governance (ESG) factors. From 2020 to 2022, the firm claimed that 70% to 94% of its assets were ESG integrated, while the SEC found that many assets were in passive funds that did not consider ESG criteria. The SEC stated that Invesco lacked a written policy on ESG integration, and this fine is part of a larger effort to combat greenwashing in the investment industry.
Source: YAHOO