SEC Fines Invesco $17.5 Million for Misleading ESG Investing Claims
As per ESG Today, The U.S. Securities and Exchange Commission (SEC) announced that it has charged global asset manager Invesco for making misleading claims regarding its ESG-related investments, including overstating the proportion of assets under management that integrated ESG considerations. Invesco has agreed to pay a $17.5 million civil penalty to settle the SEC’s charges, while not admitting or denying the Commission’s allegations. Read more
COP 29, Day 1: Baku summit sets tone with ambitious finance goal amid leader absences, Trump threat
At the plenary session of the summit’s 29th edition in Azerbaijan capital Baku, United Nations Framework Convention on Climate Change (UNFCCC) executive secretary Simon Stiell appealed for an ambitious new goal in providing climate funding to the world’s poorer nations. Read more
