ESG Today

DECEMBER 21, 2022

The Council stated that the proposals form part of efforts to prevent greenwashing, or the mischaracterization or exaggeration of the sustainability characteristics and attributes of financial products and services. Click here to access the greenwashing position paper and the sustainable finance report.

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Greenwashing Sustainable Investment Green Bonds 135

Corporate Knights

JANUARY 10, 2024

Despite record oil-company profits and a surge in military share prices stemming from instability in the Middle East, most sustainable investments have quietly outperformed in 2023. We saw the benefits in 2023 with huge growth in green jobs in the U.S. 19% 95% 2023-08-31 iShares ESG MSCI EAFE Leaders Index ETF (XDLR) 94.9%

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Sustainable Investment Divestment Negative Screening Greenwashing 329

ESG Today

NOVEMBER 3, 2024

million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more. Copper Mine Operations to Renewable Diesel Southwest Airlines Eliminates 1.5

Greenwashing 117

Greenwashing Green Bonds Decarbonize Supply Chains 117

ESG Today

JUNE 26, 2024

The government of Canada passed a series of new rules into law aimed at tackling greenwashing, or unsupported claims by companies about the environmental benefits of their products or business activities.

Greenwashing 113

Greenwashing Climate Change 113

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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Greenwashing Net Zero 113

Corporate Knights

DECEMBER 14, 2022

The US SIF says this more cautious approach was at least partly triggered by recent US Securities and Exchange Commission (SEC) proposals to crack down on greenwashing by ramping up standards on the names and disclosure requirements for ESG funds. Europe, Canada, Australia and Japan grew to US$35.3 trillion in 2020 from US$22.8

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Sustainable Investment Greenwashing Green Investing Development 363

ESG Today

APRIL 24, 2024

Sacha Sadan, FCA’s Director of Environmental, Social and Governance, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainable investment.

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Greenwashing Sustainable Investment Development 112

ESG Today

JUNE 5, 2024

Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs).

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Greenwashing Banking Sustainable Investment 108

ESG Today

MARCH 28, 2024

The cases follow a warning by ASIC Chair Joseph Longo to providers of investment funds and financial products that the regulator was watching out for misleading sustainability claims, and that it was providing guidance for fund managers and issuers to keep clear of greenwashing.

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Greenwashing Sustainable Investment 109

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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Greenwashing Sustainable Investment Development 101

3BL Media

JANUARY 11, 2023

2023 Outlook: Global ESG. Thu, 01/12/2023 - 11:00. In 2023, we expect more pressure for stewardship accountability as activism builds, credible disclosure shifts the focus to performance and regulatory scrutiny in Europe prompts stronger products and flows while the US faces rockier roads. Type of Content. Standard Format.

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Greenwashing 130

ESG Today

DECEMBER 16, 2024

Initially unveiled in 2023 , and forming part of SAP Sustainability solutions, the new solution provides a carbon accounting system that directly integrates with a companys financial data, according to SAP, by allocating emissions to economic activities and transactions captured by SAPs ERP solutions.

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Supply Chains Supply Chain Greenwashing Decarbonize 104

ESG Today

JUNE 21, 2023

By: Rob Fisher, Maura Hodge, and Bridget Beals, KPMG From top companies committing to net-zero emissions targets to national and international bodies crafting standards and regulations, reporting on ESG topics is quickly becoming a norm of doing business in 2023. Final rulings on both topics are slated for fall 2023.

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Greenwashing Principal Adverse Impact Indicators Carbon Offsets Net Zero 113

ESG Today

JULY 28, 2022

Introducing the new rules at a media conference on Thursday, MAS Managing Director Ravi Menon said that the new rules were aimed at enabling investors to better understand the ESG aspects of the funds they invest in, and to reduce the risk of greenwashing, or the exaggeration or misrepresentation of the sustainability attributes of the funds.

Greenwashing 113

Greenwashing Banking 113

Corporate Knights

JANUARY 8, 2025

Hundreds of RI funds have been winding down in the United States and Europe in 2024 alone, and product development slowed significantly in the first nine months of the year when, according to Morningstar data , 246 new funds came to market globally, compared with 444 over the same period in 2023. Thats down from 31 in 2023.

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Greenwashing Climate Change Net Zero Financial Planner 290

Financial Times: Moral Money

APRIL 2, 2025

Penalty against DWS imposed by German prosecutors follows 19mn settlement with US authorities in 2023

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Greenwashing 110

ESG Today

JANUARY 10, 2023

The report highlighted particular risk for speculative-grade non-financial companies in sectors including consumer products, restaurants and retail, as well as for lower-rated sovereigns with large 2023 maturities. Click here to access Moody’s 2023 ESG Outlook.

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Decarbonize Net Zero Supply Chains Supply Chain 135

ESG Today

NOVEMBER 18, 2024

Alongside the launch of the draft legislation, the UK finance ministry, HM Treasury, issued its response to the 2023 consultation, which found broad market support for the regulation, with 95% of respondents – including 87% of ratings providers themselves – agreeing that regulation should be introduced for ESG ratings providers.

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Greenwashing Development 117

3BL Media

JULY 12, 2023

A recent study by Brand Finance reveals that the world's biggest brands are at risk of losing billions of dollars if their perceived sustainability doesn't match their actual sustainability performance.

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Greenwashing Corporate Social Responsibility Banking 130

CSR Hub

JULY 12, 2023

A recent study by Brand Finance reveals that the world's biggest brands are at risk of losing billions of dollars if their perceived sustainability doesn't match their actual sustainability performance.

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Greenwashing 130

ESG Today

JUNE 11, 2024

The update also adds several instances of alleged greenwashing by the companies to the complaint, through which the state claims that the companies misleadingly portrayed themselves and their fossil fuel products as environmentally friendly, or less environmentally damaging than they actually are.

Greenwashing 110

Greenwashing Climate Change 110

ESG Today

DECEMBER 12, 2023

Australia’s competition regulator the Australian Competition and Consumer Commission (ACCC) announced today the release of its final guidance on environmental claims, aimed at helping companies comply with rules to avoid misleading green marketing and advertising green claims, and protecting consumers from greenwashing.

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Greenwashing Development 104

ESG Today

JUNE 17, 2024

The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services.

Greenwashing 113

Greenwashing Net Zero Carbon Offsets Climate Change 113

ESG Today

JUNE 7, 2023

link] pic.twitter.com/HSEid8cA34 — ASA (@ASA_UK) June 7, 2023 The regulator did not uphold challenges to Shell’s claim about providing renewable electricity to homes, as Shell had substantiated the claims. The post UK Bans Shell, Petronas, Repsol Ads in Greenwashing Crackdown first appeared on ESG Today.

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Greenwashing Net Zero Zero Carbon Development 122

Financial Times: Moral Money

JANUARY 6, 2024

Three funds taken to court over erroneous claims in 2023 with more action to come

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Greenwashing 111

Corporate Knights

NOVEMBER 28, 2022

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. . welcomed this reclassification, saying it will help bring an end to industry greenwashing. . More to be done on responsible investing.

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Greenwashing Negative Screening Positive Screening Impact Investing 260

Chris Hall

JULY 26, 2023

Investor demand for green, social, sustainability, sustainability-linked and transition bonds (GSS+) has surged in H1 2023, with regulatory developments bringing greater transparency and confidence to the market. In H1 2023, APAC saw US$95.7 This total was comprised of US$351 in green bonds, US$98.9 billion in social bonds and US$39.3

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Green Bonds Greenwashing Social Sustainability Development 98

ESG Today

FEBRUARY 3, 2025

Adopted by the EU in November 2023 , and taking effect in December 2024, the EuGB regulation was launched by the European Commission to establish a gold standard for green bonds, in order to combat greenwashing and advance the sustainable finance market in the EU.

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Green Bonds Greenwashing Banking Development 109

ESG Today

AUGUST 15, 2023

Source: ASIC According to the ASIC allegations, however, the fund held 28 holdings which exposed members to these areas between February 2021 and June 2023, including holdings in casino operator Skycity Entertainment Group, tobacco company Amcor, and Russian oil and gas companies Gazprom and Rosneft.

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Greenwashing 98

ESG Today

MAY 3, 2023

The European Council announced today the adoption of its negotiating position on new proposed rules requiring companies to substantiate and verify their environmental claims and labels, aimed at protecting consumers from greenwashing, which includes a ban on generic environmental claims, such as ‘eco-friendly’, ‘green’, or ‘climate neutral.’

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Greenwashing Digitalization 104

Chris Hall

MARCH 20, 2024

Reclaim Finance calls for increased anti-greenwashing regulation for fund managers, and collaboration with index providers. According to research by data provider Morningstar, passive strategies represented almost a quarter of ESG fund assets globally in 2023.

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Greenwashing Net Zero Sustainable Investment Development 73

ESG Today

NOVEMBER 7, 2024

The CMA’s probe into Unilever formed part the regulator’s broader greenwashing investigation into whether consumers are being misled by the sustainability claims in the marketing of products and services, with an initial review of companies in the fast-moving consumer goods (FMCG) sector uncovering “a range of concerning practices.”

Greenwashing 104

Greenwashing 104

3BL Media

JANUARY 11, 2023

The 10 Big Things To Watch Across World’s Energy Markets in 2023. Wed, 01/11/2023 - 14:05. BloombergNEF has analyzed these and other key developments, and here we look forward to what might be coming in 2023. As road and air traffic rebound, the International Energy Agency estimates China’s 2023 oil demand to climb by about 0.78

Supply Chains 130

Supply Chains Supply Chain Paris Agreement Divestment 130

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.

Greenwashing 59

Greenwashing Climate Change Banking 59

Chris Hall

APRIL 11, 2025

Standardised approach aims to improve transparency, eliminate greenwashing risks around avoided or Scope 4 emissions. Robeco and Mirova first launched a call for expressions of interest in developing the AEP back in May 2023. Access to the platform itself will require an annual licence fee.

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Greenwashing Development Banking Waste 52

ESG Today

FEBRUARY 2, 2023

By: Lyons O’Keeffe, ESG Director at IQ-EQ Environmental, social and governance (ESG) considerations and other social responsibility concerns will continue their growing influence in 2023. This year, we can expect regulations and enforcement to make greenwashing more ‘obvious’ and accordingly harder to get away with.

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Impact Investing Greenwashing 109

Corporate Knights

AUGUST 13, 2024

The favourable forecast for the ESG market comes despite the blow it suffered in 2023, considered by financial services provider Morningstar as the worst year to-date for the asset class. Unclear rules A third of the funds analysed by Global Witness were domiciled in the US, where ESG fund labelling is a source of debate.

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Divestment Sustainable Investment Supply Chains Supply Chain 339