Corporate Knights

NOVEMBER 4, 2024

The State of Massachusetts last year established a Community Climate Bank to fund low-carbon projects aimed at affordable rental housing agencies. Across North America, rental units represent roughly one-third of dwellings, and steep rent hikes in many metropolitan areas have added enormous strain to those household budgets.

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Chris Hall

APRIL 11, 2025

Standardised approach aims to improve transparency, eliminate greenwashing risks around avoided or Scope 4 emissions. By promoting transparency and harmonisation, the group also hopes to mitigate greenwashing risk and build investor confidence in financing emissions avoidance solutions. It will be expanded over time.

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Greenwashing Development Banking Waste 52

ESG Today

NOVEMBER 13, 2023

For the report, BI’s inaugural ESG Market Navigator, Bloomberg surveyed 250 C-suite executives across a wide range of sectors, and 250 senior investors including asset managers, wealth managers and investment banks, across North America, Europe and Asia Pacific.

Greenwashing 120

Greenwashing Net Zero Supply Chain Supply Chains 120

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

Corporate Knights

MARCH 3, 2025

Adopted in 2021 and coming into effect for the 2024 financial year, the CSRD is the regulatory framework requiring firms to file social and environmental data and impact reports. Here are the main rollbacks proposed in the initial package. But Maria van der Heide, head of EU policy at ShareAction, a U.K.-based

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Net Zero Supply Chain Supply Chains Green Bonds 143

Chris Hall

FEBRUARY 5, 2024

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

Banking 75

Banking Paris Agreement Greenwashing Green Investing 75

3BL Media

JANUARY 18, 2024

Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.

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Green Bonds Greenwashing Net Zero Climate Change 147

Chris Hall

MAY 10, 2024

NGO ShareAction has declared it will continue to aid investors in their push for transparency into HSBC’s green finance investment pledge, highlighting endemic issues across the banking sector. We also want the bank to hear from shareholders directly. times by 2030.

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Banking Greenwashing 59

ESG Today

JANUARY 21, 2024

This week in ESG news: EU Parliament approves new anti-greenwashing law; investors urge Shell to set Paris-aligned climate targets; Barclays launches new sustainable banking, energy transition investment banking teams; PwC CEO survey finds companies upskilling workers for climate megatrend; Australia drafts law requiring mandatory climate reporting; (..)

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Environmental Finance

OCTOBER 9, 2024

The number of incidents of greenwashing in the banking and financial sectors decreased by 27% in 2024, amid increasing regulation in Europe and the ESG backlash in the US, research has shown

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Greenwashing Banking 40

Corporate Knights

APRIL 18, 2024

And Tyson isn’t the only one banking on planet-friendly meat to keep consumers coming back to the butcher. Check back here as we roll out our Plant Power package this week, along with the release of the 2024 Spring issue of Corporate Knights. Walmart Canada stocks 2.5 A dria Vasil is the managing editor of Corporate Knights.

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Net Zero Regenerative Carbon Offsets Supply Chain 363

Chris Hall

NOVEMBER 16, 2022

The European Supervisory Authorities (ESAs) have issued a Call for Evidence to stakeholders on greenwashing. . The ESAs have also asked for any available data to help them gain a more concrete sense of the scale of greenwashing and areas of particularly high risk. .

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Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

Chris Hall

JUNE 15, 2023

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.

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Greenwashing Sustainable Investment Banking Impact Investing 52

Chris Hall

JANUARY 28, 2022

Once approved by the European Commission, banks will have to start making climate disclosures in 2023, with full phase-in by June 2024. The European Banking Authority (EBA) has published its final standards for how European banks will have to disclose their contribution to the region’s climate targets.

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ESG Today

FEBRUARY 25, 2024

This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)

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Supply Chains Supply Chain Chief Sustainability Officer Green Bonds 109

Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve. Robert Clarke, Lawyer at environmental law firm ClientEarth, said investors should consider direct legal action a real possibility.

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3BL Media

DECEMBER 20, 2023

After years of negotiation, the fund, which will launch in 2024, received pledges of more than US$700 million from countries at the event. The World Bank, for example, has committed to allocating 45% of its capital to climate-related transactions. Some institutions are stepping up their involvement in climate finance.

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UNEP Climate Change Banking Development 147

3BL Media

JANUARY 24, 2024

Assurance over corporate climate disclosure is critical to prevent greenwashing and ensure that investors can make decisions promoting long-term shareholder value and economic growth.” Institutional investors have made it clear that they need consistent, comparable, decision-useful climate data,” said Steven M.

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Climate Change Net Zero Greenwashing Banking 147

Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” Those guidelines are due to be released in 2024. We are bending the curve on Canada’s fight on pollution.” That work was meant to conclude by 2020.

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

Chris Hall

JANUARY 23, 2022

Taxonomy aims to enable the financial sector to classify green activities, facilitate monitoring of credit and investment flows, and prevent greenwashing. He said the target is for MSMEs to be getting at least 30% of their credit from the banking industry by 2024, compared to 20% currently. “To

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Greenwashing Banking Digital Transformation Development 52

Chris Hall

DECEMBER 1, 2023

Progress had been grindingly slow until a breakthrough in the run-up to COP28, which paved the way for a deal on the opening day, effectively giving the green light for grant-based funding, facilitated initially by the World Bank, raising transparency concerns for some.

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Stanford Social Innovation

FEBRUARY 26, 2024

In January 2024, over 300 organizations globally, from across industries and the financial sector, committed to nature-related disclosures based on TNFD’s recommendations, published just months prior. Thirdly, central banks and financial institutions increasingly view biodiversity loss as a systemic risk to financial systems.

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Greenwashing Waste Manufacturing Development 135

Chris Hall

DECEMBER 5, 2024

in Q2 2024. European firms are increasingly struggling to compete globally, as highlighted by former president of the European Central Bank (ECB) Mario Draghis recent landmark report. In the second quarter of 2024, the euro area’s saving rate reached 15.7%, up from 15.2%

Banking 59

Banking Supply Chain Supply Chains Greenwashing 59

Chris Hall

SEPTEMBER 11, 2023

“Our recommendations aim to align these objectives with government policy, tracking progress, consumer protection, national and local actions, private sector engagement, and international efforts,” she said. “By carefully considering these aspects, the UK can harness the power of its taxonomy to drive sustainable and green investments while preventing (..)

Banking 59

Banking Net Zero COP26 Development 59

Chris Hall

MARCH 1, 2024

Beginning in fiscal year 2024, federally-regulated financial institutions in Canada – including banks and insurance companies – are already mandated to report on climate-related financial risks. March 2024 sees the publication of the CSSB’s proposed Canadian Sustainability Disclosure Standards (CSDS) 1 and 2.

Banking 59

Banking Net Zero Supply Chain Supply Chains 59

Chris Hall

MARCH 13, 2025

Niche to mainstream evolution Storebrand stated that the fund was the first commercial green bond fund, building on the first ever green bond issued by the World Bank in 2008. On 31st December 2024, cumulative GSS+ bond volumes stood at US$5.7 Storebrands fund is an actively managed fixed-income fund that invests in green bonds.

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Green Bonds Greenwashing Supply Chain Supply Chains 59

We Mean Business Coalition

AUGUST 23, 2023

The EU Green Taxonomy was designed to accelerate the flow of money into green companies and projects, while simultaneously protecting investors from greenwashing accusations. The CSRD has already been adopted and will kick in from reporting year 2024.

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Greenwashing Green Bonds Sustainable Investment Green Investing 52

Chris Hall

APRIL 19, 2024

Help yourself – Transition planners were given further guidance this week, with a slew of reports from the Network for Greening the Financial System (NGFS), a collective of central banks and financial markets supervisors focused on green finance.

Net Zero 81

Net Zero Greenwashing Development Banking 81

Chris Hall

DECEMBER 18, 2024

Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. He added that the bank was committed to overseeing the implementation process and the development of the initiative, throughout Azerbaijans COP29 presidency.

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UNEP Sustainable Investment Net Zero Development 72

Carlos Sanchez

DECEMBER 18, 2022

In 2022, the voice against “greenwashing” practices was clear and loud. Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. On top of that, they will be creating plans to comply as soon as by the 2024 reporting cycle (e.g.

Net Zero 52

Net Zero Carbon Offsets Supply Chain Supply Chains 52

Chris Hall

SEPTEMBER 13, 2024

The risk of greenwashing has also been a growing concern. It covers all types of asset managers and strategies, as well as various kinds of asset owners – including insurance firms, banks and sovereign wealth funds, expanding from its traditional pension fund base.

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Net Zero Climate Change Value Creation Greenwashing 78

Chris Hall

APRIL 6, 2023

The institute’s research will be supported by Defra and the Bank of England. Identifying risks Earlier this week, the GFI announced it will be conducting further analysis on the scale of nature-related financial risks to the UK economy, culminating in a report outlining its findings later this year. of its reporting framework.

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Development Banking Greenwashing Digitalization 52

Chris Hall

DECEMBER 20, 2023

I wouldn’t be surprised if next year we see something of a policy pause in 2024, partly because of the nature of the election cycle,” says Thomae. MDBs, led by the World Bank, maintained a high profile at COP28, building on the progress on reforming public lenders’ processes and practices at the recent World Bank-IMF meetings in Morocco.

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Net Zero Paris Agreement UNEP Development 84

Chris Hall

NOVEMBER 16, 2022

And there are wider issues around the VCMs already in operation, such as credit pricing, third-party verification and reducing the risk of greenwashing. . While the ETA will offer a “fixed price” for corporates, there are concerns that too low a price could reduce the quality of the credits and expose the market to greenwashing risk. .

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Net Zero Paris Agreement Carbon Offsets Greenwashing 52

GreenBiz

DECEMBER 28, 2020

German sportswear company adidas committed to using only recycled polyester across its supply chain by 2024. As such, net-zero could soon be in the crosshairs of activists eager to point out corporate greenwash. Bank of America CEO: Each public company needs to reach carbon zero. Help could be on the way.

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Net Zero Supply Chain Supply Chains Regenerative 545

ESG Today

MARCH 12, 2023

This week in ESG news: Incentive comp for top RBC execs tied to climate strategy; Deloitte launches software solution to drive decarbonization strategies; Morgan Stanley to strengthen deforestation policies for clients; Kansas anti-ESG bill runs into headwinds when $3.6

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Decarbonize Greenwashing Net Zero Banking 104