Goldman Sachs bank is a top target of a major new investigation by the U.S. Securities & Exchange Commission (SEC) into the “greenwashing” of investment funds to fool investors. They aren't the only ones: Bank of New York Mellon and Deutsche Bank have also been investigated.
At stake is the definition of what constitutes high ratings for 'environmental, social, and corporate governance' (ESG) funds which is not defined in U.S. law.