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DESCRIPTION: PARIS and NEW YORK, September 1, 2022 /3BL Media/ - EcoVadis , the leading provider of globally trusted business sustainability ratings, today announced the company has been named a leader in "The Forrester New Wave™: ESG Ratings, Data, And Analytics, Q3 2022" report. About EcoVadis. US: Corporate Ink for EcoVadis.
Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. Among those involved are nonprofits including Carbon Tracker, CarbonPlan, Hudson Carbon, OceanCarbon, RMI, WattTime and the Earthrise Alliance, and tech companies Bluesky Analytics and Hypervine.
Providing enhanced transparency with factual ESG data means investors can create better funds and avoid greenwashing concerns. Linking our factual data to tech-enabled tools is a powerful antidote to the ESG ratings confusion and concerns about greenwashing.”. For more information, visit: www.impact-cubed.com.
The European Securities and Markets Authority (ESMA) has developed a new tool that will enable it to better identify cases of greenwashing in the investment management industry. On the basis of that work, it has now developed what it describes as an “indicator” to qualify greenwashing risk among investment funds. “[We
Many asset managers have had to integrate more sophisticated analytical tools, often relying on advanced technologies such as machine-learning and big data analysis to make information gathering more efficient. The post Article 8, Greenwashing and Transparency appeared first on ESG Investor.
This week in ESG news: EU launches green industrial plan to counter US Inflation Reduction Act; California lawmakers propose rule requiring full value chain emissions disclosure from companies; survey finds large majority of companies boosting spend this year on sustainability initiatives despite headwinds; Amazon sets corporate renewable energy record; (..)
Greenwashing poses a “real and present danger” to industry efforts to advance sustainability considerations in their investment processes. The Monetary Authority of Singapore (MAS) is planning to impose new supervisory expectations on ESG funds to help mitigate the risk of greenwashing.
Fitch Group’s sustainability-focused analytics business Sustainable Fitch announced the launch of its ESG Regulations and Reporting Standards Tracker, a new tool aimed at monitoring significant regulatory developments in the ESG space, including sustainable taxonomies, ESG and climate disclosure regulations, and ESG fund requirements.
DESCRIPTION: LONDON, September 28, 2022 /3BL Media/ - Impact Cubed today launched its new portfolio validator and climate tools on its analytics platform. Regulators have stepped in to root out greenwashing with enforcement actions and policy-making to clarify what is a sustainable investment based on factual data and more precise fund names.
Linking our factual data to tech-enabled tools is a powerful antidote to ESG ratings confusion and concerns about greenwashing.” The end-to-end solution provides portfolio level analytics with full transparency to underlying holdings’ ESG, impact, and UN SDG performance. Indonesia has committed to a net zero emission target by 2060.
That’s why we enable transparency with advanced analytics that power simple, preconfigured dashboards to support ESG performance monitoring.”. As more companies make commitments to climate action plans the risk of greenwashing rises too. These initiatives are often complicated.
These new rules, intended to counteract greenwashing, spell out the criteria for a green investment and require market participants to disclose how they are aligned with them. About Impact Cubed: Impact Cubed provides analytics and investment solutions for building more sustainable portfolios with greater impact.
4 While these credits are intended to help companies meet their climate goals, it is imperative to ensure the quality and transparency of them in order to achieve genuine emission reductions and to avoid greenwashing.
It is tough to say exactly which are using full AI (systems able to learn by doing) versus which are using predictive analytics (relies on human input and guidance), but it can be assumed that as AI capabilities improve, all systems will move to AI only.” A ton of climate tech companies are working on solutions that leverage AI.
Without a realistic, actionable plan in place, companies are either ignoring climate impacts or simply greenwashing. Measuring Sustainability Goals Through Data Analytics To measure the effectiveness of implementing sustainability goals, companies are turning to data analytics. To download the full report, click here.
SUMMARY: James Mandel, Blackstone’s Chief Sustainability Officer, and Jake Shirmer, a Principal in Portfolio Operations, explain why tracking greenhouse gas emissions is neither greenwashing nor a compliance checkbox. Rightly understood, then, tracking GHG emissions is neither greenwashing nor a compliance checkbox. link] $BX #GHG.
This week in ESG news: EY, Microsoft launch green skills training program; KPMG survey finds three quarters of companies not ready for upcoming ESG assurance requirements; BlackRock’s new climate transition-focused private debt fund; Austrian Airlines found guilty in greenwashing case; asset owners continuing to increase allocations to ESG investments (..)
Funds data and analytics provider Morningstar Sustainalytics predicts that between 30% and 50% of in-scope funds will change name as a result of ESMAs new guidelines. New EU funds have had to comply with these guidelines since last November, while existing funds have until 21 May to consider whether they need to change their name.
phase, meaning the use of technology, data, AI, is becoming more common in ESG analysis, said Gordon Tveito-Duncan, CEO and Co-founder at AI-powered ESG analytics firm GaiaLens. The company also has a Controversy Detection System , which includes a LLM that generates four controversies scores, E, S, G and greenwashing, with explanations.
Despite many Australian organisations committing resolutely to new ESG standards, they face hurdles in achieving their objectives due to data challenges within the supply chain, which can inadvertently lead to unintended greenwashing. This enables management to obtain a holistic view.
phase, meaning the use of technology, data, AI, is becoming more common in ESG analysis, said Gordon Tveito-Duncan, CEO and Co-founder at AI-powered ESG analytics firm GaiaLens. The company also has a Controversy Detection System , which includes a LLM that generates four controversies scores, E, S, G and greenwashing, with explanations.
VCMs Lose, but Nature Gains Ground In a setback for voluntary carbon markets (VCMs), which have been plagued by allegations of greenwashing, the conference failed to agree on new rules that would create a central accounting system for countries and companies to offset and trade their carbon emissions.
New Climate Institute and Climate Analytics. Finance pledges and cries of ‘greenwashing’. But without more detail, the announcement attracted cries of “ greenwashing.”. The Climate Action Tracker estimates the global average temperature increase based on national policies. That turns the spotlight back on national action.
They’ll need the data management, analytics and reporting capabilities to make ESG, EHS and sustainability-guided capital investment and management decisions. In addition, governments are cracking down on greenwashing which makes the need to report and communicate effectively even more important. Even if the depth of the U.S.
The CFO traditionally has overseen many functions that require legal or more financially driven reporting, so this shift has moved ESG input closer to that level of data and analytics where they are used to financial metrics.
ESG ratings are questioned, accusations of greenwashing are proliferating, and debate about the purpose and integrity of ESG investing is ongoing. Legislation is being developed to address greenwashing, along with tighter regulations around auditing and verification. . This often leads decision-makers to focus on the wrong question.
One such, unheard of a few short years ago, is “greenwashing”, the practice of dressing up products, services or investments as being in full conformity with ESG principles – in contradiction of the underlying reality. It may be a bit strong to say firms are fearful of being accused of greenwashing. Acting in good faith.
One of the most important teaching tools for these students are business case studies , because they allow them to develop the key skills of problem solving, quantitative and qualitative analytical thinking, decision-making, and coping with ambiguity — skills that will serve them well in designing the energy solutions of the future.
“Ever since SFDR was introduced, there has been the demand for more clarity and legal certainty.” Speaking to ESG Investor , Hortense Bioy, Global Director of Sustainability Research at data and analytics provider Morningstar, agreed that investors want “clarity, simplicity, and minimum safeguards”. billion over the past three months.
A baseline standard will help to address concerns about asset mispricing, capital mis-allocation and greenwashing risks that arise from the lack of comparable and reliable real economy data. Anti-greenwashing. With corporate disclosures in sync, investors stand to benefit.”.
Net Purpose, a data analytics platform for impact investors, is expanding its team and capabilities, while looking at new technologies to help align investments to UN Sustainable Development Goals (SDGs). Net Purpose expands capabilities, views AI as essential to handle proliferation of sustainability data.
Last May , Net Purpose – a data analytics platform for impact investors – used part of its US$11 million Series-A funding round to enhance its use of AI. The platform aimed to address the proliferation of sustainability data, which has created confusion for users of ESG ratings and given rise to greenwashing accusations.
FTSE Russell , a global index, data, and analytics provider, and Chinese financial services group Ping An have launched the FTSE Ping An China ESG Index Series as a part of a new strategic partnership. Amsterdam-based ESG data provider GRESB has acquired asset-based climate data and analytics provider Asset Resolution.
In such a crowded market, there are no standards for disclosure, transparency and quality, which raises concerns that greenwashing may go undetected. The risks of capital misallocation, product mis-selling and greenwashing are high in the absence of “appropriate legal tools”, says ESMA.
Dr Rosa Busquets is Associate Professor in Analytical Chemistry and Forensics at Kingston University What are microplastics, why are they such a problem and what can be done to reduce the pollution they cause? I also think greenwashing is a huge problem.
This subjectivity has meant that the threat of greenwashing – the practice of companies and funds exaggerating the environmental benefits of their actions – has risen precipitously. However, the inherent broadness of ESG has catalyzed a subjectivity to the sector with opposing terms often used interchangeably.
Last year, management consultant Opimas said, more than US$720 million was spent on ESG research and analytics, and more than US$300 million on indexes. . This, coupled with a nascent taxonomy process, makes investors even more than usually vulnerable to greenwashing. .
Aled Jones, Head of Sustainable Investment and Product Management for EMEA at indexes, analytics, and data solutions provider FTSE Russell, identified a key issue in the construction of reliable ESG-related benchmarks. Kuh said that the issue of greenwashing is being addressed. The main limiting factor is availability of data.
In 2016 he founded Sustainix, an independent research and analytics consultancy aimed at advising and supporting financial services companies in incorporating climate conscious and sustainable investment principles in their investment and engagement practices.
Now, active ownership has not been spared in the greenwashing debate, and we know that it needs to become more effective in order to not become illusory. With active ownership as a primary mechanism of impact , adherence to the strategy is bound to continue its climb over the years to come.
Earlier this year, carbon credit ratings and analytics provider Sylvera raised US$57 million in a Series B funding round to scale its carbon intelligence platform in the US. Carbon credits can be bought , traded and sold on VCMs which are currently unregulated.
A separate study by global risk analytics company Verisk Maplecroft found that social factors are now having almost as much impact on sovereign debt pricing as governance factors. Transition challenges. But issuance by sovereigns will grow from a low base, especially in Asia.
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