Remove 2022 Remove Divestment Remove Greenwashing
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UK FCA Warns on Green Fund Label Abuse

Chris Hall

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.

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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

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.

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ICYMI, Governments and Regulators are Making the Running

Chris Hall

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.

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ESG Explainer: Engaging with Reality

Chris Hall

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?

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Take Five: Bound by Destiny

Chris Hall

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.

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Focus on Outcomes

Chris Hall

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

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The Power of Transition Finance

Chris Hall

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.