ESG WASHING: BNY Mellon Unit Settles SEC Charges, While HSBC GAM’s Head of Responsible Investment Makes Baffling Comments
Posted on 05/23/2022
The U.S. Securities and Exchange Commission (SEC) charged BNY Mellon Investment Adviser, Inc. for misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment decisions for certain mutual funds that it managed. To settle the charges, BNY Mellon Investment Adviser agreed to pay a US$ 1.5 million penalty. BNY Mellon Investment Adviser…
