"Greenwashing" in banks and finance increased by 70% in 2023

Astana. September 27. KazTAG - "Greenwashing" in the banking and financial services sector increased by 70% in 2023, reports the Agency of the Republic of Kazakhstan for Regulation and Development of the Financial Market (ARRFR) of the Republic of Kazakhstan.
"According to the New Climate Institute for 2023, (...) the number of cases of "greenwashing" (intentional attempts to create a false impression of environmental responsibility - KazTAG) in the banking and financial services sector has increased by 70% over the past year," reads the message.
These attempts concern various aspects of the work of financial institutions, including financial products and investments.

Photo source: picture from an open source


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