“Data provider dropped products with combined $1.4tn in assets after finding ‘ambiguous language’ in legal filings. Morningstar cut the funds from its ‘sustainable universe’ after examining disclosures provided to investors such as prospectuses and annual reports.”
Financial Times
February 10, 2022
“The cull underscores the challenge in ensuring sustainable investment products meet customers’ expectations.”
Click on Read More (below) for more contents (Financial Times Paywall).
ESG insurance, as we suggested a few weeks ago, is vital when ambiguous legal language is presumed–as it appears to be in this case–to indicate greenwashing.
Click on the highlighted text for a broader view of reputation risk case studies and reputation premium; or to explore additional articles by Steel City Re here, mentions of Steel City Re here, and comments on newsworthy topics by Steel City Re here.
Risk governance and management, risk financing, and risk transfer through insurances comprise the constituent elements of a comprehensive enterprise reputation risk management solution. Learn about our services here.
Are ESG insurance or reputation insurance part of your strategy?