This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Are you greenwashing, wishing or walking? Some boards approve, some feel comfortable doing so and are hoping for the best; others are afraid to be called out on greenwashing but approve them anyway, because "everyone else" are setting goals. Helle Bank Jorgensen. Thu, 07/15/2021 - 00:01. Because it does. Pull Quote.
The new product line, which includes both bonds and loans, has seen explosive growth in the last year, with total offerings 150% higher in the first nine months of 2021 compared with all of 2020. The post RBC shareholder resolution confronts greenwashing loopholes in ‘sustainable debt’ appeared first on Corporate Knights.
With plastic production rising exponentially, from 2 million metric tons in 1950 to more than 400 million metric tons in 2020 , and expected to double by 2040, it’s clear that plastic waste is increasing exponentially too, and credits by themselves can’t possibly keep up with the surge. But] this is not greenwashing at all.
Earlier this month, the Canadian Association of Petroleum Producers publicly criticized the federal government’s new greenwashing rules, saying they “effectively silence” climate discussion, impeding companies from speaking to Canadians about their projects’ green credentials. Iris Fairley-Beam is an independent legal researcher.
How to ensure that claims of recycled content are valid and to avoid greenwashing. Wed, 08/26/2020 - 10:17. Tue, 09/22/2020 - 10:00. - Tue, 09/22/2020 - 11:00. . - Tue, 09/22/2020 - 11:00. The safety and performance considerations of recycled plastics. Speakers: . taylor flores. John Davies. VP, Senior Analyst.
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.
In response to accusations of greenwashing and growing regulatory scrutiny, a group of high-powered financial networks is working to standardize the often-opaque jargon of the responsible investing industry. The value of global sustainable investment assets jumped from US$23 trillion in 2016 to US$35 trillion in 2020. In the U.S.,
But Ecojustice lawyer Matt Hulse said Canada’s current regulatory system still requires citizens to play “whack-a-mole” against the behaviour of individual banks, rather than taking a systemic approach to greenwashing and fossil fuel finance. This is disingenuous greenwashing at best, and unlawful at worst.
in 2020 called Climate Education Reform BC. RELATED Canadian cities are taking steps to restrict fossil fuel ads on public transit He floated banning fossil fuel ads in Canada. Then came the threats. The war of words over climate change The report cites a particularly ambitious youth-led campaign in B.C.
Climate and environmental sustainability advocacy group Global Witness announced today that it has submitted a complaint to the SEC, accusing energy giant Shell of greenwashing by misleading investors about the amount of investment it is directing towards renewable energy. of its overall expenditure on solar and wind power generation.
The lawsuit comes as companies globally face increasing scrutiny of their environmental sustainability claims, with consumers and regulators increasingly on the lookout for greenwashing, or claims that exaggerate or misrepresent the impact or sustainability profile of products and business operations.
Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account. One was lodged against Shell Canada’s “Drive Carbon Neutral” campaign of 2020, which encouraged drivers to purchase carbon credits for nature protection projects as they tanked up.
EFRAG, a private association majority financed by the EU, was mandated by the European Commission in June 2020 to prepare for new EU sustainability reporting standards, including for SMEs which are public-interest entities, or those with securities traded in the EU.
Securities and Exchange Commission’s (SEC) proposed rules which aim to strengthen protections and address increasing confusion and greenwashing concerns around the rapid growth of ESG-oriented funds. grew to over $17 trillion in 2020. DESCRIPTION: The sustainability nonprofit Ceres submitted comments today in support of the U.S.
Earlier this month, Environmental Defence launched its “Canada’s climate villains” campaign , using graphic-novelesque illustrations and monikers like “Toxic Traitor” and “Ruthless Greenwasher.
The investigation follows environmental sustainability-focused non-profit Stand.earth in February focused on claims made by the company regarding the green attributes of its products, operations, goals and supply chain, and Be Planet the environmental pillar of lululemon’s sustainability strategy.
Mon, 11/30/2020 - 01:00. Yet that is precisely where the industry has found itself, after a new grassroots campaign — Clean Creatives — launched this month in the United States, aimed at pressuring advertising, PR and public affairs agencies to end what it regards as "greenwashing and misinformation campaigns that help delay climate action.".
It was a painful decision, Lala says of closing the Evolve North American Gender Diversity Index ETF in 2020. Tim Nash, founder, Good Investing Morningstar says that after three years of high growth, managers are being more selective and tactical in their approach ahead of anti-greenwashing regulations in the United Kingdom and Europe.
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 to US$2.36
Non-profit Planet Tracker identifies widening range of greenwashing practices, which may require greater regulatory involvement as well as investor vigilance. . The report identifies six different types of greenwashing which contribute to making the issue tougher to tackle. Slaying the green hydra .
Greenwashing: not just a reputational issue Greenwashing is one of the most tangible risks linked to financial sustainability, and Article 8 plays a crucial role in preventing this practice. The post Article 8, Greenwashing and Transparency appeared first on ESG Investor.
Australia’s climate financing between 2015 and 2020 totalled A$1.4 The report also found that greenwashing had overtaken performance concerns as the pre-eminent barrier to responsible investing. The plan, which has taken A$27.4 billion and included contributions to strengthen adaptation in the country.
This could be for a variety of reasons: Threat of greenwashing accusations: In 2024, in a greenwashing lawsuit against KLM, a Dutch court ruled that the firm had broken the law through misleading advertising in 15 of the 19 environmental statements it assessed.
Fixler said DWS had made misleading statements in its 2020 annual report by claiming that more than half the group’s US$900 billion in assets were invested using ESG criteria. The post DWS CEO Quits Over Greenwashing Accusations appeared first on ESG Investor. This story includes reporting from our colleagues at Regulation Asia. .
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. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.
Asset managers should expect and prepare to be challenged on the sustainability credentials of their ESG-labelled funds as financial markets watchdogs clamp down on greenwashing, according to regulatory experts. . Growing concerns over greenwashing and mislabelling were highlighted in a 2021 report published by think tank InfluenceMap. .
But perception and reality of a company’s credentials can vary widely, and after years of media reports and widespread concern around ‘greenwashing’, the ASX recently announced a crackdown on ethical funds , joining ASIC to fight against those using the market disclosure system to fake green credentials. That’s exactly what greenwashing is.
In addition to the new green bond initiative, the government outlined a number of commitments aimed at advancing the development of a sustainable finance market, including backing the development of a sustainable finance taxonomy and efforts to tackle greenwashing.
Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing. Mazzacurati said that there has been a substantial increase in the use of ESG-related language in fund names over the past decade.
Mon, 12/14/2020 - 00:05. Disclosure also prevents greenwashing. We should celebrate this progress, the above stats from the 2020 corporate climate disclosures and the many other signals that environmental transparency and action are a business norm. On the fifth anniversary of the TCFD, a call to action. Ateli Iyalla.
The ruling comes as financial institutions and other companies increasingly face regulatory scrutiny over greenwashing concerns. Earlier this year, the CEO of Deutsche Bank’s investment arm DWS resigned after police raided the firms’ Frankfurt offices as part of an investigation into greenwashing allegations.
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.
In 2021, an International Accord for Health and Safety in the Textile and Garment Industry was formed, now 190 brand and labour union signatories strong. Across the pond, the EU has set an ambitious intention to become the first climate-neutral continent, which will mean big changes in the garment sector.
The charges relate to policy and procedure failures between 2017 and 2020 in three ESG-themed GSAM portfolios, the Goldman Sachs ESG Emerging Markets Equity Fund, Goldman Sachs International Equity ESG Fund and a US Equity ESG separately-managed account strategy.
Fri, 09/25/2020 - 01:00. From an emissions standpoint, Climate Week 2020 may go in the books as the greenest of all time. . Because yahoos such as me write critical columns about how they’re greenwashing or failing to do enough. First stop: Climate commitments. Next stop: Climate action? Sarah Golden.
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.
He noted that environmental footprint labels may not be as effective to drive positive change up the supply chain, and referenced a 2020 Compare Ethics study which found that only 20 percent of consumers trust eco labels.
The new luxury version was to open in 2020 , but that timetable got scotched for all the obvious reasons. It’s not easy to determine whether these projects represent corporate greenwashing, a new twist on luxury accommodation or some kind of genuine improvement.
In May 2022, Carlos Calvo Ambel, a senior director of the Transport & Environment environmental campaign group, called the band Coldplay “useful idiots for greenwashing” Neste’s image. The accusation came after Coldplay signed a deal with Neste to provide SAF and renewable diesel to cut its concert tour emissions by half.
The proposals are in response to increasing concerns raised by investors that current rules are potentially facilitating greenwashing, misleading customers over products’ underlying holdings. . The SEC previously asked for feedback on whether the ‘Fund Names Rule’ should be updated in March 2020. . What’s in a name? .
Modern aviation had never seen a year like 2020. But offsetting is seen as transitional — and controversial: Some critics view it as greenwash. Mon, 03/22/2021 - 00:05. This article originally appeared in the State of Green Business 2021. You can download the entire report here. It wasn’t just that the economy was in a holding pattern.
Claim: Recent Underperformance Proves ESG Investing Doesn’t Work: Unlike in the initial downdraft in 2020, most ESG strategies did not provide protection during the January 2022 sell-off. Among Fortune 100 companies, 57% disclosed greenhouse gas emissions reductions goals in their 2021 proxies, up from just 35% in 2020.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content