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ESG scandals put pressure on fund boards: ‘If things go pear-shaped, they will be held accountable’
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fnlondon.comIt’s been a tough year for ESG. The swift regulatory response to allegations of greenwashing has spooked asset managers.
“When you've got German authorities raiding offices, or big-ticket fines for American fund managers, you don't want that. It's not good for your reputation,” said Brandon Horwitz, a senior adviser at Fund Boards Council, a group which represents fund directors.
Fund...
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