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PSF Spotlights 34% Green Capex Growth

Chris Hall

Taxonomy-aligned capital expenditures (capex) from large listed European companies grew 34% in 2023, reaching 250 billion (US$271 billion) by year end, according to a new report from the Platform on Sustainable Finance (PSF). Outstanding green loans stood at 908 billion in 2023 while green bond volumes reached 781 billion.

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EU Platform on Sustainable Finance Releases Proposals to Reduce EU Taxonomy Reporting Burden by a Third

ESG Today

The EU Taxonomy is part of the EU Action Plan on Sustainable Finance, establishing a classification system enabling the categorization of economic activities that play key roles in contributing to at least one of six defined environmental objectives, and that Do No Significant Harm (DNSH) to the other objectives.in

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The incredible shrinking climate ambitions of the world's largest asset managers

Corporate Knights

And it is just the beginning,” said Guterres, on the same day that scientists announced that July 2023 was tracking to be the hottest month ever recorded in human history. “It FinanceMap’s 2023 report analyzed $16.5 times higher exposure to green investments than the average asset manager. Climate change is here.

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UK Climate Failure “Chills” Investor Confidence

Chris Hall

Back then, the government was tasked with reworking its strategy within eight months. The CBDP was subsequently unveiled in March 2023 – but the three challengers still did not think the strategy met minimum legal standards. As such, they decided to take the government back to court in February this year. trillion (US$1.89

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Take Five: Into the Stratosphere

Chris Hall

With ESMA flagging a tripling in the size of the SDG fund market between 2020 and 2023, impact-washing is also in their sights. billion) green investment pledge. Regulators are already pushing back against the risk of greenwashing with a range of fund disclosure , naming and labelling rules.

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U.S. sustainable investing assets plunge by more than US$8 trillion

Corporate Knights

Sustainable investing assets in the United States have plunged by more than half to US$8.4 trillion at the end of 2019, according to a new report from the US Forum for Sustainable and Responsible Investment (US SIF). Sustainable investing assets skyrocket post 2014. trillion at the end of 2021 from US$17.1

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UK FCA Warns on Green Fund Label Abuse

Chris Hall

The UK’s Financial Conduct Authority (FCA) will closely monitor funds’ use of incoming green investment labels, potentially stopping asset managers from using them in the event of misuse. . Smaller FCA-regulated firms are expected to have to do the same from early 2023. . International, not isolated .