• A wind farm in Movave, California. Last year, just half of 1,400 companies reviewed by the International Federation of Accountants had their ESG claims externally audited in some form, leaving many investors relying on their own analysis. | REUTERS
    A wind farm in Movave, California. Last year, just half of 1,400 companies reviewed by the International Federation of Accountants had their ESG claims externally audited in some form, leaving many investors relying on their own analysis. | REUTERS
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Reliable checks on companies’ sustainability credentials will take years to develop, auditors have said, meaning investors pouring trillions of dollars into green funds remain at greater risk of being hoodwinked.

Given the demand for investments that support environmental, social and governance (ESG) goals, the pressure is on to ensure companies aren’t exaggerating or misrepresenting the benefits of their activities — a phenomenon known as “greenwashing.”

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
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