Remove 2024 Remove Greenwashing Remove Sustainable Investment
article thumbnail

FCA Releases Anti-Greenwashing and Sustainable Investment Product Rules

ESG Today

According to the FCA, the new rules come as investors increasingly seek investments with positive environmental and social impact, with global AUM in ESG-oriented funds anticipated to grow to $36 trillion by 2026, while around 70% of investors report lacking trust in the sustainability claims of investment products.

article thumbnail

FCA Proposes Anti-Greenwashing and Sustainability Disclosure Rules for Portfolio Managers

ESG Today

The labelling regime introduced four labels – including Sustainability Focus, Sustainability Improvers, Sustainability Impact, and Sustainability Mixed Goals – intended to help consumers to differentiate between the sustainability objectives and investment approaches of investment products, along with criteria for the use of each label.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Switzerland to Introduce Labelling and Disclosure Rules for Sustainable Investment Products

ESG Today

Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’

article thumbnail

Australia Court Fines Vanguard Record $12.9 Million Over Misleading Sustainable Investing Claims

ESG Today

The investment manager also admitted in a hearing in court that it had made false and misleading claims about the fund. The court found Vanguard guilty of making misleading claims in March 2024, advancing the case to consider penalties. At the penalty hearing, ASIC sought penalties of A$21.6

article thumbnail

Sustainable investments are still rising, so are greenwashing concerns: Morgan Stanley

Environmental News Bits

Global investor interest in sustainable investments has continued to rise in the past few years, with 54% of investors anticipating increasing their sustainable investments portfolio in 2024, according to a Morgan Stanley survey. Read the full story at ESG Dive.

article thumbnail

Guest Post – When Companies Go Quiet: Exploring the rise of Greenhushing

ESG Today

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.

article thumbnail

Australian Investors Demand Greater Adaptation Action

Chris Hall

Investment in adaptation offers significant opportunities that are yet to be comprehensively tapped,” said Rena Pulido, Head of Sustainable Investment Australia at IFM Investors, a A$221.7 It will be important for taxonomies to include adaptation to further mobilise much needed investment in adaptation,” she told ESG Investor.