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This article was first published on DeSmog. The post Who are the top PR firms greenwashing Big Oil at COP29? It has been edited to conform with Corporate Knights style. Read the original story here. appeared first on Corporate Knights.
Turning COP into a venue for greenwashing Oil and gas did not show up to the COP party uninvited. Article 4 of its foundational document, the UNFCCC, affirms the need to give full consideration to the impact that mitigation measures will have on countries whose economies are highly dependent on income generated from. As former U.S.
million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more. Copper Mine Operations to Renewable Diesel Southwest Airlines Eliminates 1.5
This article was first published by The Energy Mix and has been edited to conform to Corporate Knights style. Teachers organizations, faculties of education and parents are also useful allies in preventing climate misinformation from entering school curricula. Read the original story here.
The greenwashing challenge Our findings highlight both the potential and pitfalls of sustainable finance. However, the fact that many choose labels without finding out whether the bond is actually green raises concerns about greenwashing. This article was first published by The Conversation. Read the original article here.
In her confirmation hearing on Wednesday, Albuquerque expressed her position that the EU’s Sustainable Finance Disclosure Regulation (SFDR) could more effectively address greenwashing risk with the introduction of a labelling regime that communicated clearly the sustainability attributes of investment products.
The European Commissions DG FISMA has emphasised the merits of replacing the Sustainable Finance Disclosure Regulations (SFDR) existing Article 8 and Article 9 labels with formal categories based on clearer criteria.
The Commission has also previously expressed concern that the SFDRs classification system, such as the Article 8 and 9 classifications, were being used as de-facto sustainability quality labels, raising potential greenwashing risks.
Is the burgeoning 'plastic credits' market a new wave of greenwashing? Read the original article here. Innovations such as 3D-printing using biodegradable polymers are also opening new doors for sustainable medical applications. RELATED UN talks to create a global plastic treaty have stalled. Bioplastics offer a solution.
ESMA launched the new rules after noting a sharp increase in the use of sustainability-related terms in fund names in Europe over the past several years, leading to an increased risk of greenwashing.
The OECD report analysed how the climate alignment of finance globally is assessed, the current degree of alignment, and how financial sector and real economy policies and actions influence alignment with Article 2.1c
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.
In its response, ACCA said that it agrees with the Commission’s decision to reconsider the regulation’s product categorization approach, noting that the current Article 8 and Article 9 system was identified as “being stringent to the point of a barrier to entry.”
Unless governments act fast to tighten rules on carbon credits, Article 6 could become a dangerous loophole that stalls progress. Without urgent reform, Article 6 of the Paris Agreement risks enabling large-scale greenwashing and undermining global climate goals. Image: UNclimatechange , CC BY-SA 3.0 , via Flickr.
In this article, Brigitta Nemes, Senior Environmental and Governance Standards Manager, explores how B Lab’s new standards raise the bar on Climate Action — calling for credible, measurable steps toward a net-zero, 1.5°C-aligned This article was originally published at [link]. C-aligned future.
Retail: Greenwashing and antitrust investigations Retailers are under mounting pressure to decarbonise supply chains whilst simultaneously facing increased antitrust scrutiny. Looking ahead The backlash against so-called greenwashing is only expected to heighten regulatory scrutiny.
Around the world, the courts have emerged as the leading edge to compel more meaningful climate action and call greenwashing to account, with as many as 3,000 legal challenges filed in more than 55 countries. This article appeared in the Spring 2025 edition of the magazine.
This could bring with it accusations of greenwashing and/or changes to the operation of existing strategies, which could be costly and cause disruption to existing investments. This article was co-authored by Emily Batchelor , Associate at Macfarlanes. The post An Opportunity for Differentiation? appeared first on ESG Investor.
In its climate marketing guide called Talk Like a Human, Potential Energy lays out tips and traps the latter of which this article has already fallen victim to. From greenwashing to greenhushing Fear of getting caught in the crosshairs of the climate-messaging wars has contributed to a growing number of companies going quiet.
Are you greenwashing, wishing or walking? Some boards approve, some feel comfortable doing so and are hoping for the best; others are afraid to be called out on greenwashing but approve them anyway, because "everyone else" are setting goals. Featured in featured block (1 article with image touted on the front page or elsewhere).
Increasingly savvy customers want to know about the green options that exist, and a vast majority also want to know what makes them “green.” This shifting trend, combined with the global anti-greenwashing regulatory crackdown spurred by the U.K., the EU, the U.S.
A wave of anti-“greenwashing” litigation is seeking to hold major players in the aviation industry to account for sensational claims of being sustainable, low-carbon or contributing to net zero. Why greenwashing? The rise in greenwashing litigation can in part be attributed to the relative ease with which cases can be brought.
DESCRIPTION: Recently, the European Parliament voted in the Corporate Sustainability Reporting Directive, aimed at ending inaccuracies and falsehoods in greenwashing. One major hope is that this will address a hot-button issue companies around the world are increasingly having to contend with: greenwashing. SOURCE: Workiva.
But Ecojustice lawyer Matt Hulse said Canada’s current regulatory system still requires citizens to play “whack-a-mole” against the behaviour of individual banks, rather than taking a systemic approach to greenwashing and fossil fuel finance. This is disingenuous greenwashing at best, and unlawful at worst. Read the original article.
This article includes some steps that you can take to perform effective ESG due diligence and avoid being misled by labels. Tweet me: How to Avoid Greenwashing When Choosing ESG Investments by Lori Keith, Director of Research at Parnassus Investments -- [link] || #ESG #esginvesting #advisors #innovation @Parnassus_Funds.
That means avoiding “greenwashing,” or false communications about environmental action. Greenwashing is a big problem. You’ve probably heard of greenwashing. We define greenwashing and explain why it hurts your company. What Is Greenwashing? Greenwashing can be either intentional or unintentional.
Is net zero greenwash? The term is used to greenwash business-as-usual or even business-more-than-usual," it continued. "At Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Some think so. Energy & Climate. Emissions Reduction. Featured Column. Two Steps Forward.
Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Finance & Investing. Carbon Removal.
Article 8 of SFDR, which governs funds promoting ESG characteristics, represents one of the critical junctions for the sector. According to a Morningstar report, in 2022, assets managed in funds meeting the requirements of Article 8 grew by more than 15% in Europe, reaching a total of around €4.2 trillion (US$4.5
This is where the moral leaders [will] separate themselves from the greenwashers," Paul Polman, global sustainability leader and former Unilever CEO, said in a GreenBiz 21 keynote conversation about what leadership means today. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article.
A new report says that trend has reversed itself in the last two years, as the industry struggles to respond to allegations of greenwashing and a tougher regulatory environment. . welcomed this reclassification, saying it will help bring an end to industry greenwashing. . More to be done on responsible investing.
Firstly, they must categorise their products (article 6/8/9 [1] ). Thus, in theory an Article 9 fund could have a social objective (perhaps a focus on companies that meet certain board criteria in terms of diversity) but is not “Taxonomy aligned”. It doesn’t bode well and surely adds to the potential for greenwashing.
More than 40% of investment funds in the EU using ESG or sustainability-related labels may be required to change names or sell assets in order to meet new anti-greenwashing rules, according to a new analysis released by sustainability technology platform Clarity AI.
In addition to middling returns and an increasingly hostile political landscape in the US, with Republicans pushing back against ESG investment, Morningstar attributed the limited growth to investors’ concerns about greenwashing, given the absence of "clear, cross-border" ESG regulation. Additional reporting from Charlie Hammans.
Yet that is precisely where the industry has found itself, after a new grassroots campaign — Clean Creatives — launched this month in the United States, aimed at pressuring advertising, PR and public affairs agencies to end what it regards as "greenwashing and misinformation campaigns that help delay climate action.". Sponsored Article.
There is good reason for cynicism about greenwashing. According to the author of this New York Times article, some are valid, others are decidedly "outright disinformation (oil companies, I’m looking at you)." " But it is worth considering how to give credit where it is due and to spot the greenwashing.
Other regulators have also recently announced similar proposals aimed at addressing greenwashing risk in fund names, including the UK’s FCA and the US’ SEC. More than a quarter of Article 8 funds contain ESG or Sustainable terms in their names.
As an article published by the investment management firm BlackRock Inc. Many companies are weighing significant choices about the future, as this online McKinsey article explores. Lack of visibility and perceptions of “greenwashing”. Operational audits and implementation of changes.
The potential for greenwashing is high. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Plastics crediting schemes are based on the premise that recycling plastic and keeping it out of nature equals success, which is a problem. Circular Economy. Plastic Waste.
A look at how to spot greenwashing and learn from companies that are telling transparent stories about their environmental footprint. We talk about how to spot greenwashing and learn from companies that are telling transparent stories about their environmental footprint. How can these same players combat greenwashing?
Jordan Locke, a recruitment consultant in Acre's Global Sustainable Finance & Impact Investing Team, sat down with Business Insider alongside a group of industry experts to discuss the current ESG talent shortage, ‘greenwashing’ and the rapid pace of change. . Greenwashing kind of falls into that same skepticism.
As a result, regulatory supervisors have paid increasing attention to the topic of greenwashing. Asset managers have also been taking their responsibility to avoid greenwashing risks seriously, as it is increasingly important for client and brand trust, in addition to regulatory compliance.
As a result, they can allow companies to “greenwash.” As a result, they can allow companies to 'greenwash.' What needs to change to limit greenwash? This article is republished from The Conversation under a Creative Commons license. Read the original article. But the industry’s approach needs to change.
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