SEC Publishes New Rules to Address ESG Labeling in Mutual Funds

Today, the U.S. Securities and Exchange Commission (SEC) published new rules to prevent misleading or deceptive use of environmental, social, and governance (ESG) terms in mutual fund names. The new rules modernize the Investment Company Act “Names Rule” to ensure that the name of a fund adequately and accurately represents the investment strategy of the fund, as part of the SEC’s efforts to fight greenwashing in the sustainable investment industry.

Invest Your ValuesAs You SowSeptember 20, 2023SEC, ESG, Rule