Advisors welcome scrutiny on ESG funds but say there are still many challenges facing investors

Globe & Mail
December 20, 2022.

The heat is on environmental, social and governance (ESG) investing, with regulatory scrutiny growing over greenwashing and sustainability assurance providers beginning to consolidate.

Some advisors say the attention is a welcome development and will make sustainable investing more accessible and less perplexing for investors.

“It has been quite a confusing space in the market for a lot of people, including clients and advisors. So, personally, I think it’s a good thing that it’s getting a higher degree of scrutiny, overall,” says Paul Borisoff, portfolio manager and investment advisor with Borisoff Wealth Management at Richardson Wealth Ltd. in Vancouver.

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