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askST: What are some questions and checks before buying a 'green' product?
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Essentially, consumers should evaluate the authenticity and specificity of the product's claims.
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SINGAPORE - Greenwashing continues to be in the spotlight, with the Monetary Authority of Singapore announcing on Thursday (July 28) that funds sold to retail investors here under the label of meeting environmental, social and governance (ESG) standards will now have to back up their claims.
The move comes amid new disclosure and reporting guidelines issued by the central bank, which will take effect from Jan 2023.
