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RBC shareholder resolution confronts greenwashing loopholes in ‘sustainable debt’

Corporate Knights

While linking corporate debt to sustainability targets sounds like a great way of incentivizing companies to make environmental, social and governance (ESG) improvements, a lack of standardized rules has quickly opened the door to greenwashing, with some companies using the funds to continue business as usual with little ESG impact. .

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What Greenwashing Risks Mean for the Legal Profession

3BL Media

As companies respond to demands for both mandatory and voluntary ESG disclosures, the risk of greenwashing grows. Investors and customers are also initiating litigation to hold companies accountable for greenwashing. Why evaluate greenwashing risks? Recent studies highlight how prevalent greenwashing has become.

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Australia Court Finds Vanguard Guilty in Greenwashing Suit

ESG Today

The cases follow a warning by ASIC Chair Joseph Longo to providers of investment funds and financial products that the regulator was watching out for misleading sustainability claims, and that it was providing guidance for fund managers and issuers to keep clear of greenwashing.

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Australia Regulator Launches Greenwashing Suit Against Vanguard

ESG Today

Launched by Vanguard in 2018 as part of a new range of ESG funds, the Vanguard Ethically Conscious Global Aggregate Bond Index Fund was designed to offer investors with exposure to international fixed income investments, screened to exclude companies with activities related to areas including fossil fuels, alcohol and tobacco, among others.

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A look at the secret world where our waste ends up

Corporate Knights

Between 1988 and 2018, China received about 47% of all global plastic waste for recycling. Then, in January 2018, Beijing suddenly banned the importation of most types of plastic waste through a policy known as “National Sword.” Changing consumer behavior will require a crackdown on greenwashing, Franklin-Wallis said.

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Call for US Greenwashing Rules to Extend to Human Rights

Chris Hall

Plans by the US Securities and Exchange Commission (SEC) to crack down on greenwashing by fund managers must be revised to cover not just environmental but human rights issues. The post Call for US Greenwashing Rules to Extend to Human Rights appeared first on ESG Investor. Seventy-one people were killed and thousands left homeless.in

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On the fifth anniversary of the TCFD, a call to action

GreenBiz

To support the TCFD and the companies committed to meeting its suggested actions, CDP redesigned its own climate change questionnaire in 2018 to align with the recommendations. In its latest status report, the TCFD notes that investor support for its recommendations grew by 85 percent from 2018 to 2019.

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