KUALA LUMPUR: Greenwashing is becoming a point of concern globally as the investment into environmental, social and governance (ESG) funds has swelled into the trillions, says Securities Commission (SC) chairman Datuk Seri Awang Adek Hussin.
He noted that IOSCO, the grouping of securities regulators of which the SC is a part of, highlighted that greenwashing remains a fundamental market conduct concern that poses risks to both investor protection and market integrity.
“Taken more broadly, greenwashing can undermine the fundamental trust in sustainable finance.
“If investors lose trust, the financing required for a just transition can be dissipated,” he said in his opening address at the IIC-SIDC Corporate Governance Conference 2024. — Bernama
