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Greenwashing will increase risk of disorderly transition to net-zero, Bank of England warns

By Phoebe Seers ( June 1, 2022, 16:24 GMT | Insight) -- Attaching unsubstantiated ESG claims to investment products increases the risk of a late and disorderly transition to net-zero emissions, a Bank of England official said today. The central bank's warning came a day after German asset manager DWS was raided by police as part of a criminal investigation into greenwashing allegations. Attaching unsubstantiated environmental, social and governance claims to investment products increases the risk of a late and disorderly transition to net-zero emissions, a Bank of England official said today....

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