Ignoring Indigenous consent poses real financial risk to investors, securities regulators warned
Ignoring Indigenous consent poses real financial risk to investors, securities regulators warned

 By Aaron Walker, Local Journalism Initiative Reporter, Windspeaker.com The Anishnawbe Business Professional Association (ABPA) is calling on the Ontario Securities Commission (OSC) to take stronger action against “redwashing” — the corporate misuse of reconciliation language. ABPA warned that redwashing could expose investors, pension funds, and taxpayers to major financial losses. In a position paper titled From Reconciliation to Regulation, the association argued that many companies use positive imagery and community sponsorships to project reconciliation while continuing large-scale projects on Indigenous lands without securing free, prior, and informed consent (FPIC). “Redwashing is the gap between a company’s marketing and its reality,” said ABPA president Jason Rasevych. “A company cannot ‘redwash’ its operations by sponsoring a community festival while simultaneously ignoring its duty to obtain consent on a project. It’s a corporate

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