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Ethical Investing: Greenwashing or Genuine Good?
17 Feb
Summary
- Ethical investing is a growing sector in Toronto's financial market.
- Concerns are rising about misleading environmental claims in investment funds.
- Regulators are working to combat financial greenwashing practices.
In Toronto, Canada's second-largest financial centre, ethical investing is a booming sector. Investors increasingly favor funds that align with social and environmental values. Yet, a rising tide of concern surrounds potentially misleading environmental claims, complicating the task of identifying truly ethical investments versus sophisticated marketing tactics.
Campaigners and regulators are actively working to curb financial greenwashing. This effort involves scrutinizing corporate commitments, which are also being reshaped by political landscapes. The Business Daily program explores these issues through in-depth audio journalism, examining global economic shifts and technological trends.
Recent episodes of Business Daily have delved into diverse topics such as the impact of weight-loss drugs, the expansion of AI, the cost of living crisis, the power of bond markets, China's property market challenges, and the job market experiences of Gen Z. The program also features interviews with prominent figures like Google CEO Sundar Pichai and Wikipedia founder Jimmy Wales.
