The abusive and misleading use of terms like ESG and Sustainability prompted the European Securities and Markets Authority (ESMA) to publish new guidelines to address the confusion facing investors, including an 80% investment threshold required to characterize a fund as a sustainable investment fund. In the US, the SEC has been under pressure by 21 congressional Democrats to publish a rule that would prevent investment funds from abusing terms like ESG, sustainability, green, etc., and force them to be more transparent about the funds they characterize as sustainable. Here is a brief overview.