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
The outcome of the consultation, which closed for comment in early January 2022, has been pushed back to this autumn. . A number of asset managers have revised the categorisation of their funds under SFDR, in light of further regulatory guidance, to avoid claims of greenwashing. . ESG really is about good business practice.
In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. Divest or wind down? Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030.
Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.
The effectiveness of asset owner and manager actions in tackling greenwashing by companies is seen as critical to the low-carbon transition. NGO Reclaim Finance’s 2022 climate Scorecard says asset managers’ engagement policies “fail to send clear signals to fossil fuel companies”. What are the shortcomings with engagement?
Natural allies – Just ahead of this year’s UN International Day for Biological Diversity , delegates gathered in Kenya for the first review of the implementation of the Global Biodiversity Framework (GBF) since its adoption at COP15 in December 2022.
trillion in 2022, at the same time greenhouse gas (GHG) emissions have hit an all-time high. According to the World Meteorological Organization , global averaged concentrations of carbon dioxide, the “most important GHG”, were a full 50% above the pre-industrial era for the first time in 2022 – and continued to increase in 2023. “As
In 2022, only 2% of impact funds were focused on EMs, representing just 0.1% Ninety One has been among the first joiners of the World Benchmarking Alliance’s call on asset managers to review their approach to sustainable investing to ensure it does not unintentionally lead to divestment from EMs. of global assets under management.
According to the International Renewable Energy Agency’s World Energy Transitions Outlook 2022 , there has been key progress in recent years in moving away from fossil fuels and toward more renewables-based electricity. Were the sustainability measures and corporate social responsibility offices at VW simply engaged in greenwashing?
ESG investing has had to overcome numerous challenges, ranging from investor caution to multiple cases of greenwashing. He added: “If inflation in 2021 and 2022 pulls average revenue up say 15% for companies in a portfolio or a benchmark, this could knock 13% off their carbon intensity figures.”. and the UK rate at 9.9%.
In late 2022 and early 2023, a significant number of Article 9 funds were downgraded to Article 8 due to stricter regulatory guidance. This resulted in concerns over greenwashing accusations and uncertainty surrounding the interpretation of sustainable investments.
Votes for a Follow This climate resolution to introduce Scope 3 emissions reduction targets fell to 11% at ExxonMobil from 28% last year, and to 10% at Chevron from 33% in 2022. Be the change – ESG Investor ’s weekly update on voting outcomes at oil and gas sector AGMs counts more clouds than silver linings as the season comes to close.
In addition to divesting from unethical stocks, you can make investments in companies that make a positive change in a practice called impact investing. Environment, However, companies might try to skip it and take on the aesthetic of a sustainable company without making any changes, a practice known as greenwashing.
PLSA) digital ESG Conference 2022. These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.
Engagement to reduce risks: In a recent study by Hoepner et al (2022) , the authors analysed whether ESG engagements result in subsequent reductions in downside risk at portfolio firms. If divesting from harmful industries, communicate this publicly. Vote shares and engage with investees and screen holdings on transparent ESG criteria.
For investors, engaging with investee corporates in the transition process has replaced the blunt tool of divestment as a means of decarbonising portfolios. In March 2022, ISSB released drafts of its sustainability reporting standards aimed at helping companies streamline sustainability disclosures and facilitate a baseline comparison.
Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks. Manley also said that “we’re already seeing Big Oil become Big Energy,” but this belief is mistaken.
Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. The decision to rebrand a fund often raises eyebrows, with investors “intuitively suspicious” of the activity due to greenwashing concerns among others.
CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Unrivalled ownership power The assessed pool included climate leaders and laggards, Shift found.
along with ongoing corporate greenwashing and fossil-fuel disinformation, it’s sometimes hard to tell if society is moving forward or slipping back. In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” You follow the money, of course. through those years.
CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Unrivalled ownership power The assessed pool included climate leaders and laggards, Shift found.
It was a different story in 2022. We used to be concerned about greenwashing, but now it seems that many companies are deliberately staying quiet in what some are calling greenhushing – the practice of downplaying or keeping quiet about their sustainability initiatives. Even better, the majority of these jobs are in red states.
From 2021 to May this year, 22 investors, including banks and pension funds, have divested from JBS or its subsidiaries, citing its links to biodiversity loss and governance issues, according to the Financial Exclusion Tracker project. JBS is widely regarded as an ESG pariah.
China’s oil demand declined in 2022 for the first time this century as the nation jumped from one lockdown to the next. In 2022, consumption of oil in the industrial sector boomed as gas prices spiked, and with economics for oil burn favorable in 2023 despite declining spot LNG prices, demand looks set to remain strong.
For sustainable tech to be possible, funders, including investors, philanthropists, and foundations, must develop a two-pronged approach of intentional investments in those leading justice-centered approaches to technological and economic transitions and informed divestments from extractive and fossil-fuel-dependent systems and enterprises.
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