ESG fund bosses hit by "reckoning" as Goldman, DWS in crosshairs
One of the top legal firms advising asset managers on ESG says the industry needs to brace for a more rigorous enforcement of regulations, effective immediately.
By Frances Schwartzkopff / BLOOMBERG
There’s “a reckoning” under way, said Sonali Siriwardena, partner and global head of ESG at law firm Simmons & Simmons in London.
Despite pushing through a “tsunami” of ESG rules, it’s now apparent that “regulators aren’t necessarily looking at a grace period” to allow the industry to adapt, she said.
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