ESG Today

FEBRUARY 5, 2025

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

Climate Change 112

Climate Change Banking Green Investing Sustainable Investment 112

ESG Today

JULY 31, 2024

The new, sector-based data set enables users to estimate emissions for non-listed companies, small and medium enterprises, and other alternative investments. In particular, it enables banks to estimate emissions for large portfolios of companies where data is scarce in support of EBA Pillar 3 reporting.

Banking 115

Banking UNEP Sustainable Investment Development 115

ESG Today

JUNE 5, 2023

The ESAs include The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA). Banking regulator EBA found a “clear increase in the total number of potential cases of greenwashing.”

Greenwashing 111

Greenwashing Banking Sustainable Investment Decarbonize 111

Corporate Knights

NOVEMBER 4, 2024

When the planets align, the sustainability investments yield meaningful emission reductions and a payoff for the owner. Investors are shopping for rental buildings In fact, there’s good evidence in both Canada and the United States that investment capital is now flowing into rental apartments at a pace not seen in decades.

Decarbonize 282

Decarbonize Development Embodied Carbon Greenwashing 282

ESG Today

JULY 10, 2023

The statement said: “The proposed approach would limit investor access to the consistent, comparable and reliable information needed to inform decisions and allocate capital in line with sustainability goals, including those of the European Green Deal, the EU Biodiversity Strategy for 2030 and the EU Climate Law.”

Banking 132

Banking UNEP Sustainable Investment 132

Corporate Knights

MAY 21, 2024

After hitting a 2024 low of US$13.02 Clean energy stocks and exchange traded funds have rebounded this spring, raising hopes that the sector’s two-year slump is coming to an end. on April 19, the iShares Global Clean Energy ETF closed at US$14.15 on May 20, a 9% gain. Similarly, First Trust Clean Energy ETF gained 15%, rising to US$35.15

Supply Chains 307

Supply Chains Supply Chain Banking Sustainable Investment 307

Corporate Knights

MARCH 3, 2025

Drastic changes to the scope of sustainability reporting rules will limit investor access to comparable and reliable sustainability data, said Aleksandra Palinska, executive director at the European Sustainable Investment Forum, Europes umbrella network for sustainable finance, in a press release.

Net Zero 144

Net Zero Supply Chains Supply Chain Green Bonds 144

ESG Today

AUGUST 4, 2024

Million for Misleading Sustainable Investment Claims UK Sets Largest-Ever £1.5 Million for Misleading Sustainable Investment Claims UK Sets Largest-Ever £1.5 Million for Misleading Sustainable Investment Claims UK Sets Largest-Ever £1.5

Net Zero 119

Net Zero Banking Waste Sustainable Investment 119

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; (..)

Supply Chains 119

Supply Chains Supply Chain Banking Greenwashing 119

Chris Hall

MARCH 7, 2025

If increasing climate risk traps the company in a cycle of increasing premiums and cancellations, the sustainability of the lines customer base becomes a concern, it reasoned. The challenge follows an SEC decision last month to rescind past guidance, under which the NGO filed climate-related resolutions in 2024 at Travelers and several peers.

Negative Screening 87

Negative Screening Sustainable Investment Climate Change Digitalization 87

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).

Greenwashing 110

Greenwashing Banking Sustainable Investment 110

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

NOVEMBER 28, 2024

A report published by former European Central Bank President Mario Draghi in September pointed to the Taxonomy, CSDDD, CSRD, as harmful to EU competitiveness, with the latter branded a “major source of regulatory burden”. “The The Draghi report says too many different reporting frameworks are burdensome to companies.

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Supply Chains Supply Chain Integrated Reporting Sustainable Investment 75

ESG Today

NOVEMBER 28, 2023

Morgan’s Development Finance Institution, said: “Institutional investors with strategies to finance the SDGs face a dearth of investible assets in the developing world. Newcomers” to sustainability also need guidance on how to set targets meaningful to their financiers.”

Banking 109

Banking Development Sustainable Investment 109

Chris Hall

JANUARY 26, 2024

Follow that – ExxonMobil’s decision to sue two shareholders sent ripples across the sustainable investment pond, ahead of another fractious annual general meeting (AGM) season. Banking on transition – Banks’ role in the net zero transition was in the headlines this week, for a number of reasons.

Banking 78

Banking Net Zero Sustainable Investment Development 78

ESG Today

JANUARY 30, 2023

In their opinions, the ESAs, which include The European Banking Authority (EBA), The European Insurance and Occupational Pensions Authority (EIOPA), and The European Securities and Markets Authority (ESMA), each broadly supported the standards, while highlighting several areas of improvement for the European Commissions to consider.

Sustainable Investment 115

Sustainable Investment Development Banking 115

3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. Clearly much more needs to be done to pivot towards more sustainable investment and lending practices.

Net Zero 113

Net Zero Divestment Banking Stranded Assets 113

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. Despite the current drawbacks to the EU model, significant investments in taxonomy-aligned sustainable investments have taken place, notes Vandermosten.

UNEP 72

UNEP Sustainable Investment Net Zero Development 72

Sphera

JANUARY 10, 2022

Just one year ago, a European Central Bank report, which addressed how the European banking sector manages climate and environmental risks, found that most banks do not have concrete plans to start preparing for climate change. Sustainable Finance Disclosure Regulation (SFDR) and the EU Taxonomy Regulation: More on these below.

Net Zero 97

Net Zero Climate Change Banking Development 97

Chris Hall

JUNE 21, 2024

Ana Nacvalovaite, Research Fellow at the University of Oxford, explains how investing in employee-owned businesses can help sovereign funds create prosperity for future generations. trillion globally in 2023, according to the Global SWF Annual Report 2024. But they invested less, and less often, than in 2022.

Social Sustainability 86

Social Sustainability Development Sustainable Investment Ethical Investment 86

Chris Hall

MARCH 16, 2022

trillion annually, has attracted just US$13 billion in sustainable investment during the past decade. This explainer looks at the calls for a ‘sustainable blue economy’ and the role investors can play. The resolution will help to forge an international legally binding agreement by the end of 2024.

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UNEP Banking Paris Agreement Stranded Assets 98

Chris Hall

SEPTEMBER 19, 2023

The Taskforce for Nature-related Financial Disclosures (TNFD) has published its final recommendations for nature-related risk management and disclosure, serving as a tool to “operationalise” the achievement of Target 15 of the Kunming-Montreal Global Biodiversity Framework (GBF). According to Tony Goldner, Executive Director of TNFD, the recommendations (..)

CDP 64

CDP Banking Corporate Social Responsibility UNEP 64

Chris Hall

SEPTEMBER 11, 2023

Further, the UK’s Financial Conduct Authority (FCA) has delayed the publication of the Sustainability Disclosure Requirements (SDR) policy statement from Q3 to Q4 of this year, with the resulting implementation of its labelling scheme, product naming and marketing rules now expected H2 2024.Levick

Banking 59

Banking Net Zero COP26 Development 59

Chris Hall

APRIL 16, 2024

Panellists at ESG Investor ’s 2024 summit highlighted resourcing gaps in stewardship teams and recommended sharing of engagement responsibility. Last year, the group announced the appointment of a stewardship resourcing technical working group, tasked with evaluating and reviewing existing and future resourcing practices.

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Stewardship Code Sustainable Investment Banking 52

Chris Hall

JUNE 15, 2023

Europe is currently in the process of implementing, extending and refining the pillars of its sustainable investment legislative framework, which includes the sustainable finance taxonomy and the Corporate Sustainability Reporting Directive (CSRD).

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Greenwashing Sustainable Investment Banking Impact Investing 52

Chris Hall

SEPTEMBER 13, 2023

To boost sustainable investment in ocean economies, the International Capital Market Association, in partnership with other industry bodies, has consolidated existing blue finance guidance and principles under one framework. trillion globally, according to the World Bank from a mere US$15 billion in 2013.

Green Bonds 64

Green Bonds UNEP Banking Climate Change 64

Chris Hall

JANUARY 19, 2024

It also accepts that investors may need to factor in non-financial co-benefits – such as avoided costs from reduced risk of landslides, flooding, drought or fires – when building the investment case. Overall, sustainable investment teams should rest assured that peatlands are unlikely to take them out of their comfort zones.

Green Bonds 81

Green Bonds Climate Change Net Zero Sustainable Investment 81

Chris Hall

MAY 10, 2024

In this case, the consultation elicited a howl of frustration at the bureaucracy of Europe’s sustainable investment architecture, suggesting that efforts to streamline and simplify are due. A similar resolution has been lodged for Meta’s 2024 AGM, on 29 May, and for the first time – at Alphabet’s.

Development 78

Development Sustainable Investment Climate Change Banking 78

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.

Greenwashing 83

Greenwashing Sustainable Investment Climate Change Banking 83

Chris Hall

DECEMBER 1, 2023

” Subsequent versions of the framework are set for publication in 2024, featuring specific KPIs for ten priority sectors and expanding coverage to include more asset classes and positive impact targets. trillion in AUM.

UNEP 64

UNEP Sustainable Investment Net Zero Development 64

Chris Hall

AUGUST 23, 2024

A 2024 peer reviewed paper found that 30 major issues in the ISA regulations remain outstanding and that the ISA internal 2025 target date for completion is unrealistic. DSM excluded from ESG portfolios Many investors and financial institutions have excluded DSM from their definitions of sustainable investment.

UNEP 78

UNEP Sustainable Investment Banking Development 78

Chris Hall

SEPTEMBER 4, 2024

To date, investor activity has been limited both from an engagement and capital allocation perspective, even where fleet emissions are material, including the many service providers owned by global banking groups. The bank will report on its allocation of proceeds, including an estimate of tailpipe CO2 emissions avoided, within 12 months.

Net Zero 75

Net Zero Manufacturing Banking Supply Chains 75

Chris Hall

NOVEMBER 16, 2022

The European Banking Authority (EBA), European Securities and Markets Authority (ESMA) and European Insurance and Occupational Pensions Authority (EIOPA) want to collate stakeholder views on the main drivers of greenwashing and practical examples of potential greenwashing practices. More time needed .

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Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

Just Capital

MAY 3, 2024

As of March 28th 2024, one of the JUST Capital index concepts, DEI Leaders , has outperformed the Russell 1000 Equal Weighted Index by 6.2% Nicolai Tangen, CEO of Norges Bank Investment Management, speaking to CNBC on why, despite the backlash, they’re doubling-down on their sustainable investments.

Sustainable Investment 52

Sustainable Investment Digitalization Banking Development 52

Chris Hall

JULY 1, 2022

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including PwC, MSCI, Fenergo, Sentifi, and CME Group. . PwC’s research suggests that 66% of European institutional investors intend to stop investing in non-ESG funds, with two-thirds of that number planning to do so by the end of 2023.

Analytics 52

Analytics Net Zero Data Analytics Carbon Offsets 52

Chris Hall

SEPTEMBER 28, 2023

The Advisory Panel will report at key international forums, beginning with the climate-focused COP28 in Dubai in December, COP16 on biodiversity in 2024, and the Ocean summit in Nice in 2025. We will need to do things top down,” she noted.

Development 59

Development Sustainable Investment Banking 59

Chris Hall

SEPTEMBER 7, 2023

The Institutional Investors Group on Climate Change’s (IIGCC) next version of its Net Zero Investment Framework (NZIF) will also re-evaluate its guidance for sovereign bonds, drawing on ASCOR’s work. Last year, sovereign bonds represented almost 40% of the US$100 trillion global bond market, according to the World Bank.

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Net Zero Sustainable Investment Banking Development 72