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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.
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.
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.
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.
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.
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.
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
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
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 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.
Article 8 funds are nearly eight-times more likely to be at risk of greenwashing than those classified as Article 9 as a result of fund naming, a report from MainStreet Partners has found.
Market participants flag importance of double materiality to enhance Article 8/9 definition alignment, stress need to recognise transition strategies. According to Morningstar’s SFDR Article 8 and Article 9 Funds Q3 2023 Review , Article 8 and 9 fund assets are worth more than €5 trillion (US$5.8
This article originally appeared in the State of Green Business 2021. But offsetting is seen as transitional — and controversial: Some critics view it as greenwash. Featured in featured block (1 article with image touted on the front page or elsewhere). Sponsored Article. Aviation is plotting a sustainable course.
A rebound in Article 8 and 9 products over past year leaves sustainable funds accounting for the majority of the German market, according to Scope Ratings. This means the number and assets under management (AUM) of light green (Article 8) and dark green (Article 9) products had increased again so far this year. trillion (US$4.73
This week in ESG news: 100% of large companies expect to be required to report on sustainability, but less than a third are ready for ESG data assurance, KPMG finds; Microsoft buys nearly 1 million tons of nature-based carbon removal credits; BlackRock launches new suite of low carbon transition ETFs; GRI launches standards to report on company impact (..)
Changing consumer behavior will require a crackdown on greenwashing, Franklin-Wallis said. The waste industry is absolutely replete with greenwashing,” Franklin-Wallis said. ‘The The waste industry is absolutely replete with greenwashing,” Franklin-Wallis said. “If
Continue reading the full article here. . KEYWORDS: NYSE: WK, Workiva, Net Zero Professional, Mandi McReynolds, Eco Reporting, greenwashing. It requires accurate data and assurance and clarity about how they’ll comply with regulation so that investors and customers can trust them.”. Read more here: [link].
Report on every environmental initiative and face allegations of greenwashing? Greenmuting vs Greenwashing First, we must understand the extremes on both sides. Greenmuting vs Greenwashing First, we must understand the extremes on both sides. Yet, it is difficult to let go of the fear of being called a dreaded greenwasher.
European efforts to bring transparency to ESG funds haven’t addressed fears of greenwashing. Different approaches to product classification have sown confusion and raised greenwashing concerns among both institutional and retail investors. How does SFDR define Article 8 and Article 9 funds? What impact has SFDR had?
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. .
The answer going forward is Organic and Sustainable Agriculture with variety of criteria that we set forth in this article. Read Craig's full article here - [link]. Investors and consumers are waking up and beginning to ask tough questions of farm managers. The USDA Certified Organic standard meets these criteria today.
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