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U.S. SEC waters down its climate reporting rule under legal threats 

Corporate Knights

The sustainable investment industry was among the strongest supporters of the SEC’s initial proposal. “The SEC’s new climate rule will help make it clearer which companies are living up to their climate pledges and which are doing nothing more than greenwashing,” said Al Gore, former U.S. The SEC estimates that 3,700 U.S.

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Back to Basics

Chris Hall

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”.

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Take Five: A Design for Life

Chris Hall

Following on, James d’Ath , the TNFD’s Head of Nature Data, warned that regulators were already beginning to “move away from self-regulation to more government-led requirements, due to concerns over greenwashing”. Others have noted with concern the approach to emissions reductions of countries heavily reliant on fossil fuel revenues.