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U.S. sustainable investing assets plunge by more than US$8 trillion

Corporate Knights

One of the key drivers behind the change is a decision by several large asset managers to report lower sustainable assets “in the magnitude of billions and trillions of dollars,” compared with the previous report in 2020. trillion in 2020 from US$6.6 trillion in 2020 from US$22.8 trillion in 2014. trillion in 2016.

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Global ESG assets drop 14% as industry tightens grip on sustainability claims

Corporate Knights

As the COP28 meeting begins and the world looks to the financial sector to step up on the climate crisis, the global sustainable investment industry is finally coming to grips with allegations of greenwashing that have plagued it for years. between 2020 and 2022. went from 33% in 2020 to just 13% in 2022. trillion. “We

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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The SFAC compiled the report after it assumed responsibility for creating a green taxonomy after the Canadian Standards Association, a non-profit industry body, failed to reach consensus among fossil-fuel and investment-industry representatives in 2020.

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Greenwashing Risk Grows in China ESG Funds

Chris Hall

Chinese asset managers are improving ESG awareness, but weak regulation means green claims often don’t match reality, says Greenpeace. Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found.

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Businesses and investors need to roll up their sleeves and join the race to revive biodiversity

Corporate Knights

The summit brought together delegates from over 190 countries to negotiate the post-2020 Global Biodiversity Framework , the implementation of which will require a transformation in the way we produce, consume and trade goods and services that rely on and impact biodiversity. Bending the curve of biodiversity loss.

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How Green are Recycled Funds?

Chris Hall

Asset managers decide to re-label existing funds as green investment vehicles for two reasons, according to Paul Lacroix, Head of Structuring at Smart Beta specialist investment firm Ossiam, an affiliate of Natixis. The first is client demand for investment solutions that are ESG-based,” he tells ESG Investor.

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Take Five: Green Means Green

Chris Hall

European regulators have ratcheted up efforts to eliminate greenwashing from the investment sector. End of an era I – The fight against greenwashing inched ahead with the release of final guidelines for naming ESG- or sustainability-related funds by the European Securities and Markets Authority (ESMA).