Corporate Knights

MARCH 7, 2025

In 2021, these investors accounted for 52 per cent of global assets under management in 2021 a figure expected to jump to nearly 61 per cent by 2030. The greenwashing challenge Our findings highlight both the potential and pitfalls of sustainable finance. Additionally, previous investment experience played a role.

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Corporate Knights

OCTOBER 14, 2022

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.

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3BL Media

NOVEMBER 7, 2023

Matthew Rusk, Head of GRI North America, served as a panelist in a session titled " Defending Your ESG Credibility - Protecting Your Business From Greenwashing Claims." GRI’s focus on standardized reporting, improved efficiency and precision in data collection, as well as disclosure auditability helps prevent corporate greenwashing.

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Corporate Knights

DECEMBER 14, 2022

trillion at the end of 2021 from US$17.1 The US SIF says this more cautious approach was at least partly triggered by recent US Securities and Exchange Commission (SEC) proposals to crack down on greenwashing by ramping up standards on the names and disclosure requirements for ESG funds. trillion at the end of 2021 from $3.2

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ESG Today

FEBRUARY 7, 2023

The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has informed asset managers that it will be testing the ESG and sustainable investing claims made in their communications with investors, as part of its efforts to reduce greenwashing risk.

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B the Change

FEBRUARY 4, 2023

That means avoiding “greenwashing,” or false communications about environmental action. Greenwashing is a big problem. Almost half of all environmental clai ms online are exaggerated, false, or deceptive , according to a 2021 analysis in the European Union. You’ve probably heard of greenwashing. What Is Greenwashing?

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ESG Today

FEBRUARY 2, 2023

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.

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GreenBiz

FEBRUARY 9, 2021

Tue, 02/09/2021 - 02:00. Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. If successfully on stream by summer 2021 as its designers hope, the service should drive not only increased transparency but also increased accountability.

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ESG Today

MARCH 28, 2024

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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Corporate Knights

JANUARY 12, 2024

In 2022, the Canadian Competition Bureau launched an investigation into whether the Royal Bank of Canada’s advertisements amounted to greenwashing. At worst, it is greenwashing of carbon-intensive businesses, misleading investors and the public.” The complaint called on regulators to establish clearer standards for sustainable finance.

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Corporate Knights

NOVEMBER 28, 2022

A new report says that trend has reversed itself in the last two years, as the industry struggles to respond to allegations of greenwashing and a tougher regulatory environment. . trillion in total assets at the end of 2021. . welcomed this reclassification, saying it will help bring an end to industry greenwashing. .

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Chris Hall

JANUARY 31, 2023

A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities. Enforcement needed to tackle greenwashing Fixler said on LinkedIn that these actions “did more to tackle greenwashing than the entirety of SFDR [EU Sustainable Financial Disclosure Regulation].”

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Greenwashing Net Zero CDP Sustainable Investment 96

ESG Today

SEPTEMBER 26, 2023

DWS has agreed to a $19 million fine to settle the charges, marking the largest-ever greenwashing penalty imposed on an asset manager by the SEC. Fixler was fired from DWS in March 2021 immediately prior to the release of the firm’s annual report.

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ESG Today

JULY 26, 2023

ASIC Deputy Chair Sarah Court said: “We consider that the screening and research undertaken on behalf of Vanguard was far more limited than that being promised to investors, and we consider this constitutes another example of greenwashing.”

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GreenBiz

MAY 11, 2021

Tue, 05/11/2021 - 02:11. Is net zero greenwash? The term is used to greenwash business-as-usual or even business-more-than-usual," it continued. "At Is 'net zero' much ado about nothing? Joel Makower. It was seen by many as audacious, possibly unachievable, but still a necessary target. Some think so.

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ESG Today

JANUARY 31, 2023

The UK’s Competition and Markets Authority (CMA) announced that it will expand its efforts to address greenwashing, examining the green claims made by companies marketing items including food, drink and homecare products. The post UK Competition Watchdog Probing Greenwashing by Food, Cleaning Products Companies appeared first on ESG Today.

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Greenwashing 98

GreenBiz

APRIL 28, 2021

Wed, 04/28/2021 - 00:05. Because today’s stakeholders are fed up and armed with social media, and they will call a company out for greenwashing or an opportunistic antiracist tweet. When it comes to social and environmental justice, words don’t cut it. Not so long ago, business was business.

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Banking Greenwashing Global Economy Sustainable Investment 545

Corporate Knights

OCTOBER 11, 2022

France’s law, which takes effect next year, emerged from 2021 climate legislation that aims to reduce energy use and promote renewable sources. In September, CAPE struck again, filing a greenwashing complaint with the federal Competition Bureau against the natural gas industry.

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Corporate Knights

JANUARY 23, 2024

Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account. Addressing the UN General Assembly in 2022, Secretary-General António Guterres took aim at the “massive PR machine raking in billions to shield the fossil fuel industry from scrutiny.”

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GreenBiz

FEBRUARY 15, 2021

Mon, 02/15/2021 - 02:15. This is where the moral leaders [will] separate themselves from the greenwashers," Paul Polman, global sustainability leader and former Unilever CEO, said in a GreenBiz 21 keynote conversation about what leadership means today. Paul Polman's rallying cry for courageous leaders. Jean Haggerty.

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ESG Today

NOVEMBER 18, 2024

In November 2021, securities regulator standards setter IOSCO urged regulators to focus on improving transparency in the ESG ratings and data space, and to begin to apply regulatory oversight. This will help to drive investment, support innovation and ensure that companies in critical sectors are not penalised by opaque ratings.”

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ESG Today

AUGUST 15, 2023

Source: ASIC According to the ASIC allegations, however, the fund held 28 holdings which exposed members to these areas between February 2021 and June 2023, including holdings in casino operator Skycity Entertainment Group, tobacco company Amcor, and Russian oil and gas companies Gazprom and Rosneft.

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Greenwashing 98

Corporate Knights

FEBRUARY 27, 2023

The Canadian oil and gas industry is engaging in greenwashing by endorsing a 2050 net-zero target while actively lobbying against measures that would achieve that climate goal, international non-profit InfluenceMap says in a report. In statement, CAPP rejected the greenwashing charge.

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ESG Today

MAY 8, 2024

Lululemon launched Be Planet in 2020 as part of the company’s Impact Agenda, with a series of targets including having 100% of products include sustainable materials and end-of use solutions by 2030, offering options to customers to extend the life of its products by providing resell, repair, or recycle options by 2025, sourcing 100% renewable electricity (..)

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Greenwashing Supply Chain Supply Chains Net Zero 122

ESG Today

JANUARY 27, 2025

Notably, North America has declined significantly in its representation in the global sustainable bond market, with volumes of $124 billion in 2024 already having declined nearly 30% from 2021. In the report, Moodys Ratings said: We expect global sustainable bond issuance to be around $1 trillion in 2025, steady from 2024.

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Chris Hall

OCTOBER 11, 2024

Rising levels of sustainability-focused regulation and investor scrutiny have contributed to a decline in greenwashing activities by companies. A new report from date science firm RepRisk highlighted a 12% year-on-year decrease in companies linked to greenwashing – marking the first fall in six years.

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GreenBiz

FEBRUARY 8, 2021

Mon, 02/08/2021 - 01:30. The potential for greenwashing is high. The Wild West of plastic credits and offsets. Lauren Phipps. This essay first appeared in Circularity Weekly , our free email newsletter. There’s a new kid on the block of sustainability claims being made by businesses: "plastic neutrality."

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GreenBiz

NOVEMBER 30, 2020

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.".

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ESG Today

MARCH 6, 2024

JBS announced its goal to achieve net zero by 2040 in 2021, and has committed to set near-term company-wide emission reductions with the Science Based Targets initiative (SBTi). JBS USA’s greenwashing exploits the pocketbooks of everyday Americans and the promise of a healthy planet for future generations.

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Corporate Knights

JANUARY 8, 2025

He thought the carbon-neutral ETFs tracking the S&P 500 and S&P/TSX 60 launched in 2021 might have a better chance, but the market also told us that they werent interested in that either. Greenwashing concerns and a lack of standardization of what constitutes an RI fund are also a disincentive for some advisers, Saghir says.

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Chris Hall

OCTOBER 19, 2023

Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing. The number of actively managed funds domiciled in the EU that have changed their name to include at least one ESG word peaked at over 350 during the second half of 2021 and the first half of 2022.

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Greenwashing Sustainable Investment Development 122

3BL Media

AUGUST 3, 2022

While some critics are clearly leveraging this issue for political purposes, others are raising valid points about the dangers of greenwashing and how ESG performance vs. impact are ultimately measured. Trillion of Global AUM by 2025, Finds Bloomberg Intelligence,” July 2021. [2] The second question is more complex.

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3BL Media

MARCH 21, 2022

trillion at December 31, 2021, nearly three times the pre-pandemic level, according to Morningstar. Net inflows rose by 12% to $142 billion in the fourth quarter of 2021 from the third, while inflows for all funds fell by 6%. Greenwashing,” or misrepresenting investment processes and objectives to clients, is a real risk.

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Sustainable Investment Greenwashing Digitalization Waste 246

Chris Hall

NOVEMBER 27, 2024

Disasters caused by climate change were estimated to have cost Australia US$38 billion in 2021, and are forecast to rise to at least US$73 billion by 2060. The report also found that greenwashing had overtaken performance concerns as the pre-eminent barrier to responsible investing. billion (US$143.3 The plan, which has taken A$27.4

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Net Zero Greenwashing Climate Change Impact Investing 59

ESG Today

AUGUST 2, 2024

In the ruling by Justice Horan, the court said: “As the parties accept, greenwashing practices have the potential to reduce consumer confidence in environmental, social and corporate governance (ESG) claims, which undermines the efforts of businesses that are pursuing ESG goals accurately and fairly.

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Sustainable Investment Greenwashing 117

Corporate Knights

MARCH 3, 2025

Adopted in 2021 and coming into effect for the 2024 financial year, the CSRD is the regulatory framework requiring firms to file social and environmental data and impact reports. Here are the main rollbacks proposed in the initial package. But Maria van der Heide, head of EU policy at ShareAction, a U.K.-based

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Net Zero Supply Chain Supply Chains Green Bonds 144

Chris Hall

JUNE 7, 2022

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. .

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