Corporate Knights

DECEMBER 14, 2022

financial industry has reassessed trillions of dollars in sustainable investments, stripping them of their previously reported environmental, social and governance (ESG) status, says the 2022 biennial Report on US Sustainable Investing Trends , released this week and based on a survey of asset managers and institutional investors.

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Sustainable Investment Greenwashing Green Investing Development 363

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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ESG Today

DECEMBER 14, 2022

Key focus areas outlined in the new EBA roadmap include improving transparency on ESG issues, ensuring that ESG-related risks are integrated in financial institutions’ risk management frameworks, and addressing greenwashing risks. Click here to access the EBA Roadmap on Sustainable Finance.

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ESG Today

SEPTEMBER 26, 2024

The investigation comes as EU regulators and lawmakers have taken a series of actions aimed at addressing greenwashing and protecting consumers from misleading sustainability claims. In the UK , the Competition and Markets Authority (CMA) has focused most of its greenwashing efforts to date on the fashion sector.

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ESG Today

MAY 17, 2023

A legal action filed by a group of environmental organizations with greenwashing claims against energy giant TotalEnergies will be permitted to proceed in the Paris judicial court, a pre-trial judge ruled today, clearing a major hurdle for the lawsuit. It is therefore wrong to claim that our strategy is “greenwashing”.”

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Corporate Knights

JANUARY 23, 2024

By its own account, Shell invested some 14% of its total expenditure in 2022 in “renewables and energy solutions” – a figure that environmental groups say is vastly inflated. Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account.

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ESG Today

JUNE 19, 2024

Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.

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ESG Today

OCTOBER 26, 2022

For the new report, 2022 Climate Check, Deloitte, in collaboration with Oxford Economics, surveyed 700 executives across 14 countries and all major industry sectors, at companies with revenues ranging from $250 million to over $10 billion. Click here to access the Deloitte 2022 Climate Check report.

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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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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.”

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ESG Today

MAY 31, 2023

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.

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Environmental News Bits

SEPTEMBER 15, 2022

“Greenwashing & the First Amendment.” Critics argue (or at least question whether) such claims constitute greenwashing, which refers to a set of deceptive marketing practices … Continue reading Greenwashing & the First Amendment. Shanor, Amanda and Light, Sarah E.

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Greenwashing 74

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

3BL Media

APRIL 19, 2022

Jordan Locke, a recruitment consultant in Acre's Global Sustainable Finance & Impact Investing Team, sat down with Business Insider alongside a group of industry experts to discuss the current ESG talent shortage, ‘greenwashing’ and the rapid pace of change. . Written by Rebecca Ungarino | 26th January 2022.

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ESG Today

MAY 15, 2023

The study, in which Clarity AI examined data from over 18,000 funds across Europe, follows the launch of a consultation by the European Securities and Markets Authority (ESMA) in November 2022 for proposed rules on the use of ESG or sustainability-related terms in the names of investment funds.

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3BL Media

MARCH 29, 2022

DESCRIPTION: LONDON, March 30, 2022 /3BL Media/ - Impact Cubed, a leading provider of ESG data and sustainable investment solutions, has launched new tools on its automated platform so investors can see into fund holdings, measure impact, and report to regulators. SOURCE: Impact Cubed.

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Greenwashing Sustainable Investment Analytics Development 100

Environmental News Bits

FEBRUARY 22, 2022

The flood of cash into ESG and sustainable funds has also inundated the climate finance sector with greenwashing concerns. With an estimated $3 trillion of investment held in such funds and more record-setting inflows projected for 2022, it’s a reasonable bet that some of the money represents more marketing… Read more →

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ESG Today

APRIL 2, 2025

The announcement concludes a long-standing greenwashing saga for the asset manager, which began in August 2021, with allegations by DWS former sustainability chief Desiree Fixler that the firm misrepresented in its annual report on the extent to which assets were invested using ESG integration in the investment process.

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Greenwashing Banking Sustainable Investment 58

Chris Hall

MARCH 20, 2024

Reclaim Finance calls for increased anti-greenwashing regulation for fund managers, and collaboration with index providers. In 2022 , the UN-convened Net Zero Asset Owner Alliance urged index providers to accelerate the development of net zero-aligned benchmarks to support investors’ growing appetite to adopt passive strategies.

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Greenwashing Net Zero Sustainable Investment Development 72

ESG Today

AUGUST 15, 2023

The regulator added that Active Super continued to have holdings in Russian securities as of June 30, 2023, despite making representations in May 2022 that it would stop investments in Russian companies.

Greenwashing 98

Greenwashing 98

Chris Hall

AUGUST 25, 2022

Plans by the US Securities and Exchange Commission (SEC) to crack down on greenwashing by fund managers must be revised to cover not just environmental but human rights issues. In March 2022, Inclusive Development International co-published a report which found that ESG-labelled funds held at least US$13.4

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Greenwashing Net Zero Development 97

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

DECEMBER 18, 2024

Source: Adfree Cities The ad was challenged by ad-focused activist group Adfree Cities in May 2024, who claimed that the ads constituted greenwashing, and fell short of the UK advertising Codes which require ads not to mislead by omitting material information, in this case by leaving out information regarding Lloyds contribution to GHG emissions.

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Banking Net Zero Greenwashing 105

3BL Media

OCTOBER 5, 2022

DESCRIPTION: October 5, 2022 /3BL Media/ - Converseon, the leading Decision Intelligence firm powered by Conversation Data, is hosting a webinar on October 11th at 1PM EDT on the importance of measuring stakeholder perceptions of brand ESG efforts through unstructured social and conversational data. SOURCE: Converseon.

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Greenwashing 246

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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Greenwashing Climate Change Banking 59

3BL Media

APRIL 20, 2022

If they can’t communicate their sustainability initiatives along with the data to support it they will run the risk of being seen as greenwashing.

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Supply Chains Supply Chain Greenwashing Development 130

3BL Media

MARCH 29, 2022

In particular, three key trends will shape the finance sector’s approach to ESG reporting in 2022. There is still a lack of trust regarding organisations’ ESG claims and a perception that companies are guilty of greenwashing or only reporting on positive progress. More confidence in ESG credentials.

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COP26 Corporate Social Responsibility Supply Chains Supply Chain 130

John Englart

OCTOBER 18, 2024

Australia committed two years ago in 2022 at the landmark Convention on Biodiversity COP15 meeting in Montreal to hold an inaugural Global Nature Positive Summit. Unlike the Kunming-Montreal Global Biodiversity Framework adopted at Biodiversity COP15, the Nature Positive Summit proved to have substantial greenwash from the Australian and

Greenwashing 64

Greenwashing 64

3BL Media

AUGUST 14, 2024

trillion in 2022. In 2022, green bond issues accounted for more than half of all sustainable bonds issued in the same year (58%, $487.1 over issuances in the same period of 2022, arriving at $351.9 How high is the risk of greenwashing? An interesting ongoing trend is the growth of green bonds.

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Green Bonds Greenwashing Sustainable Investment Social Sustainability 147

Corporate Knights

NOVEMBER 4, 2024

As a 2022 University of Regensburg study found, landlords couldn’t expect to recoup their investment by charging a “green premium” for retrofitted rental units, even after the government kicked in some of the carbon levy as an incentive. per year but can apply for more if they’ve renovated the building significantly).

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3BL Media

MARCH 11, 2022

‘Greenwashing’ concerns can’t be addressed without effective reporting standards. DESCRIPTION: March 11, 2022 /3BL Media/ - What is the role of the various ESG standards, frameworks, ratings and rankers, when it comes to how sustainable business practices are measured and achieved? SOURCE: GRI.

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Greenwashing Climate Change Development 162

ESG Today

JULY 10, 2024

By: Priyanka Bawa , Senior Analyst in the Verdantix ESG & Sustainability practice Despite more net zero targets being set than ever before, and more science-based targets being used to back them, 2022 research from South Pole shows that one in four businesses do not intend to talk about their science-aligned climate targets.

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Greenwashing Net Zero Sustainable Investment 112

Corporate Knights

MARCH 28, 2023

The latest federal climate plan – introduced in early 2022 – points toward tightening regulation of the oil and gas industry. Getting those details right will be critical if they are to support Canada’s climate goals and tackle rampant greenwashing in the financial sector. But other regulators must follow.

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Corporate Knights

JANUARY 8, 2025

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. Retail investors push for green funds Its not all doom and gloom.

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Corporate Knights

OCTOBER 17, 2022

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.

Net Zero 363

Net Zero Sustainable Investment Zero Carbon Greenwashing 363

Chris Hall

NOVEMBER 27, 2024

Since taking office in 2022, Anthony Albanese’s Labor government has released a raft of legislation to accelerate Australia’s green transition, many of which have been backed by investors. The report also found that greenwashing had overtaken performance concerns as the pre-eminent barrier to responsible investing.

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Corporate Knights

DECEMBER 1, 2023

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. Under the new definitions in 2022, those assets are 14% lower at US$30.3 between 2020 and 2022.

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Sustainable Investment Greenwashing Green Investing Impact Investing 144