• <a fr-original-style="" href="https://www.reuters.com/business/sustainable-business/blackrock-warns-wall-street-watchdog-new-esg-rule-could-harm-investors-2022-08-19/" rel="noopener noreferrer" style="color: rgb(9, 9, 9); text-decoration: none; background-color: transparent; outline: none; cursor: pointer; transition: color 0.3s ease 0s; touch-action: manipulation; user-select: auto; box-sizing: border-box;" target="_blank">BlackRock</a>, the world's largest asset manager, warned the US Securities and Exchange Commission (SEC) that the proposed rules aimed at fighting "greenwashing" by stamping out unfounded claims by funds about their environmental, social and corporate governance (ESG) credentials "would increase the potential for greenwashing and lead to investor confusion."<ul fr-original-style="padding-inline-start: 20px;" style="padding-inline-start: 20px; margin-top: 0px; margin-bottom: 1em; list-style-position: inside; box-sizing: border-box;"><li fr-original-style="" style="box-sizing: border-box;">The Quote: "The granular nature of requirements will inevitably lead to the disclosure of proprietary information about these strategies, reducing the competitive advantage of those unique insights," BlackRock wrote in a letter.</li></ul>

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