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New report shows $200-billion drop in responsible investing market share in Canada

Corporate Knights

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. . The value of portfolios classified as responsible investments (RI) dropped from $3.2 trillion in total assets at the end of 2021. .

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Sustainable investments had secretly great year

Corporate Knights

Given the poor performance of green energy stocks and the chorus of opposition against anything viewed as “woke,” it’s easy to get lost in the narrative that the shine has worn off sustainable investing. Sustainable investments soared in 2020 and 2021 , and that was certainly when the shine was on. 2023-06-30 U.S.

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

Corporate Knights

According to a 2021 OECD report , nature-related dependencies, impacts and risks are poorly understood and almost entirely uncompensated for in the financial sector. The future lies in impact investing. We need to encourage more targeted investments in nature-positive solutions that reverse biodiversity loss.

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Australian Investors Demand Greater Adaptation Action

Chris Hall

However, according to investors, greater action on adaptation is required by the government to address the steep the economic costs of climate change’s physical impacts. 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.

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ESG Evolution Calls for Terminology Alignment

Chris Hall

The growing use of ESG-related language in fund names and documentation without transparency and underlying evidence increases greenwashing risk, ESMA warned.

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Much to Learn for EU Regulators on Greenwashing

Chris Hall

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.

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CFA Institute, PRI, GSIA Issue Harmonized Definitions for Sustainable Investing

ESG Today

According to the organizations, the new resource follows significant growth in recent years in investor interest in ESG issues, driving a proliferation of investment products and practices, but also leading to new terminology that can be unclear or inconsistent.