Environmental News Bits

MARCH 5, 2024

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.

Sustainable Investment 40

Sustainable Investment Greenwashing Impact Investing 40

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.

Green Bonds 147

Green Bonds Greenwashing Net Zero Climate Change 147

Chris Hall

JANUARY 30, 2024

The global investment community is walking a “tightrope” between greenwashing and green blushing as it strives to stay abreast of regulatory developments that continuously ramp up accountability on sustainable investing, industry sources have sad. That pace of change is here to stay.”

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Greenwashing Sustainable Investment Chief Sustainability Officer Development 59

Chris Hall

OCTOBER 25, 2022

The Financial Conduct Authority (FCA) has published its much-anticipated consultation outlining measures to tackle greenwashing, including the introduction of three categories for sustainable investments. Greenwashing misleads consumers and erodes trust in all ESG products,” said Sacha Sadan, FCA’s Director of ESG. .

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Greenwashing Sustainable Investment Net Zero COP26 98

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

ESG Today

SEPTEMBER 29, 2024

boards lose focus on ESG, say it’s not the same as sustainability; Microsoft to restart Three-Mile Island nuclear plant to decarbonize data centers; IFRS launches guide for voluntary application of ISSB sustainability reporting standards; Brookfield raises $2.4 This week in ESG news: U.S. Billion Air France-KLM Signs Deal for 1.9

Decarbonize 99

Decarbonize Greenwashing Sustainable Investment Development 99

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

ESG Today

JULY 10, 2024

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.

Greenwashing 87

Greenwashing Net Zero Sustainable Investment 87

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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Supply Chain Supply Chains Banking Greenwashing 107

ESG Today

NOVEMBER 18, 2024

The FCA’s SDR requirements were introduced by the regulator in November 2023 , aimed at helping investors assess the sustainability attributes of investment products, and to avoid greenwashing risk, to portfolio managers.

Chief Sustainability Officer 98

Chief Sustainability Officer Social Sustainability Greenwashing Impact Investing 98

Chris Hall

NOVEMBER 29, 2023

Anti-greenwashing rules and guidance may become “diamond standard”. Anti-greenwashing guidance proposed by the UK Financial Conduct Authority (FCA), as well as the promise of extending the finalised Sustainability Disclosure Requirements (SDRs) to pension products, has been welcomed by the investment industry.

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Greenwashing Net Zero Development Impact Investing 80

Chris Hall

MAY 28, 2024

Between January 2020 and December 2021, the EU watchdog identified 191 European companies involved in 933 misleading communication incidents – 70% of which involved greenwashing. However, ESMA’s guidelines also require a more general alignment with environmental or social characteristics, or a sustainable investment objective.

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Greenwashing Sustainable Investment 64

Chris Hall

JANUARY 26, 2024

The net outflows in Q4 were largely driven by US investors, who pulled a record US$5 billion from US sustainable funds in the quarter. The US Securities and Exchange Commission (SEC) adopted a new ‘Names Rule’ last September to improve accuracy and reliability of the naming of investment funds. trillion globally.

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Sustainable Investment Greenwashing 59

ESG Today

OCTOBER 9, 2024

Based on new underlying European Sustainability Reporting Standards (ESRS), the CSRD introduces more detailed reporting requirements on company impacts on the environment, human rights and social standards and sustainability-related risk.

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Divestment Greenwashing Green Investing Sustainable Investment 94

Chris Hall

FEBRUARY 27, 2023

Proposed sustainable investment thresholds risk divergence from SFDR. Market participants have called for a delay to the European Securities and Markets Authority’s (ESMA) draft rules for sustainability and ESG fund labels until there is more clarity on terminology and interoperability with existing disclosure standards.

Sustainable Investment 52

Sustainable Investment Greenwashing 52

Chris Hall

NOVEMBER 15, 2023

Industry experts have stressed the need for simplicity and clarity around Europe’s ESG fund labelling, as the European Commission’s Sustainable Finance Disclosure Regulation (SFDR) consultation deadline looms. The SDRs were due to be introduced on 30 June, but following various delays are now expected in H2 2024.

Sustainable Investment 59

Sustainable Investment Greenwashing Paris Agreement Development 59

Chris Hall

NOVEMBER 27, 2024

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.

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Net Zero Greenwashing Climate Change Impact Investing 59

Chris Hall

DECEMBER 1, 2023

While exceptions and compromises have been inevitably granted along the way , this effectively clears the way for the first-ever EU law to restore natural ecosystems – designed to implement measures to restore at least 20% of the EU’s nature on land, rivers, and seas by 2030 – subject to a final plenary vote in early 2024.

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Greenwashing Sustainable Investment Climate Change Banking 83

Chris Hall

JULY 18, 2024

In addition, while SFDR was designed to enhance transparency around sustainability, Article 8 and 9 disclosure requirements have been used “in marketing material as ‘quality labels’ for sustainability, consequently posing greenwashing and mis-selling risks”.

Greenwashing 59

Greenwashing Sustainable Investment Net Zero 59

Chris Hall

FEBRUARY 15, 2023

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. The decision to rebrand a fund often raises eyebrows, with investors “intuitively suspicious” of the activity due to greenwashing concerns among others.

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Net Zero Divestment Greenwashing Sustainable Investment 52

Chris Hall

FEBRUARY 8, 2023

Despite growing investor appetite, it is increasingly recognised by investors, intermediaries and regulators that the impact investing market is being held back by a lack of consensus on its definition, beyond the broadest of terms. ESMA plans to undertake further considerations for index and impact funds.

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Impact Investing Greenwashing Development Sustainable Investment 98

Envirotec Magazine

SEPTEMBER 27, 2024

The group’s latest report, “ A world in balance 2024:Accelerating sustainability amidst geopolitical challenges ” tracks advancements in organisations’ environmental and social sustainability over the last three years.

Supply Chain 59

Supply Chain Supply Chains Greenwashing Logistics 59

Chris Hall

SEPTEMBER 13, 2024

Nicola Williams, Partner at Eversheds Sutherland, says the UK’s proposal to regulate ESG ratings could support transformative sustainability investments. This year, the ban was lifted following significant investment aimed at overhauling the sewerage system and constructing large rainwater retention basins.

Sustainable Investment 64

Sustainable Investment Greenwashing Development 64

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

NOVEMBER 2, 2022

Although the EU Taxonomy and SFDR were designed to increase transparency and reduce opportunities for greenwashing, it’s still early days, and there is much work to do. When it comes to sustainable investment exposure, asset managers should explain how they calculate it. What matters is transparency,” said Bioy.

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Sustainable Investment Green Bonds Greenwashing Manufacturing 52

Chris Hall

APRIL 3, 2024

Under the EU Sustainable Finance Disclosure Regulation (SFDR) , Article 8 funds are meant to promote environmental and/or social characteristics, while Article 9 refers to products with sustainable investment objectives and which meet the standard of “do no significant harm”. in February 2024 compared to the previous year.

Greenwashing 59

Greenwashing Sustainable Investment Development 59

Chris Hall

JUNE 13, 2023

Alongside the Corporate Sustainability Reporting Directive (CSRD) and Green Taxonomy , SFDR is a key part of the legislative framework being constructed by the European Commission to channel private capital to sustainable investments.

Sustainable Investment 52

Sustainable Investment Greenwashing Development 52

Chris Hall

OCTOBER 24, 2024

Asset managers require further support from the UK’s Financial Conduct Authority (FCA) to meet the Sustainability Disclosure Requirements’ (SDR) naming and marketing rules for green funds, despite recent flexibility. This means f und managers need to demonstrate that at least 70% of the fund’s assets support the selected strategy.

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Greenwashing Sustainable Investment Development 64

Chris Hall

SEPTEMBER 11, 2023

Levick added that several national entities, including the UK Infrastructure Bank and the British Business Bank plan to utilise the green taxonomy to guide investment decisions.

Banking 59

Banking Net Zero COP26 Development 59

Carlos Sanchez

DECEMBER 18, 2022

In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. 2022 Sustainability Summary. In 2022, the voice against “greenwashing” practices was clear and loud. Sustainability trends 2023: Net-Zero roadmaps.

Net Zero 52

Net Zero Carbon Offsets Supply Chain Supply Chains 52

Chris Hall

APRIL 21, 2023

Based on the draft delegated acts, companies and financial market participants (FMPs) will have to disclose their Taxonomy-eligibility under the new activities in 2025 based on the reference period of fiscal year 2024.

Climate Change 52

Climate Change Sustainable Investment Development Manufacturing 52

We Mean Business Coalition

SEPTEMBER 12, 2022

Comparability across jurisdictions will: Offer the most cost-efficient solution for companies committed to transparent and robust reporting and minimize the opportunities for greenwashing. Provide the clearest possible picture to investors seeking the world’s most sustainable companies across markets and geographies.

Greenwashing 52

Greenwashing Development Sustainable Investment 52

Chris Hall

FEBRUARY 23, 2023

The UK’s Financial Conduct Authority (FCA) was challenged during a parliamentary hearing on Wednesday, on the grounds that funds adhering to the regulator’s proposed rules for sustainability labels may be able to hold fossil fuel firms, some of which have recently rowed back on climate commitments.

Greenwashing 52

Greenwashing Green Investing Sustainable Investment Climate Change 52

Chris Hall

NOVEMBER 19, 2024

She encouraged investors to vote against directors’ re-elections and restrict new investments in firms that continue to be misaligned with the goals of the Paris Agreement. The NGO pointed to Shell’s plans to develop hundreds of new oil and gas fields.

Net Zero 52

Net Zero Paris Agreement Climate Change Sustainable Investment 52

Chris Hall

FEBRUARY 16, 2024

PS23/16 and GC23/03: UK sustainability disclosure rules and anti-greenwashing rules guidance issued 28 November, consisted of a framework for UK sustainability disclosure requirements (SDRs) and a labelling regime. Where next during 2024?

Climate Change 64

Climate Change Greenwashing Development Supply Chain 64

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.

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UNEP Sustainable Investment Net Zero Development 72

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.

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Decarbonize Development Embodied Carbon Greenwashing 288