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European Regulators Slammed for Approach to Greenwashing Probe

Chris Hall

A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities. Enforcement needed to tackle greenwashing Fixler said on LinkedIn that these actions “did more to tackle greenwashing than the entirety of SFDR [EU Sustainable Financial Disclosure Regulation].”

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Businesses and investors need to roll up their sleeves and join the race to revive biodiversity

Corporate Knights

This year, the non-profit CDP, which runs the world’s environmental disclosure system, included new questions to assess firms’ approaches to biodiversity. Biodiversity awareness in the world of finance. The awareness about biodiversity risks remains very limited within the finance community. There are, however, positive signs.

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Global Regulatory Brief: Green Finance, January Edition

3BL Media

The measures in sum: The package of measures is intended to improve trust and transparency in the market for sustainable investment products and minimize greenwashing. The proposed guidance is designed to help firms better understand the FCA’s expectations under the anti-greenwashing rule and other associated requirements.

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Global Sustainable Finance Insights Series | Sustainability Reporting in Financial Services

3BL Media

​In this edition of the Insights Series, we look at the key themes in ESG reporting and the main responsibilities of those specialist functions across investment management, banking and insurance and private markets. There is still a dotted line into the group sustainability team to provide thematic expertise.

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Guest Post – Beyond Disclosures: What is the Direction of Travel for ESG Regulation – and How Could Evolving Regulatory Developments Impact your Business?

ESG Today

In this respect, they echoed other sustainability reporting frameworks, such as those provided by the Global Reporting Initiative (GRI), the Carbon Disclosure Project (CDP), and the Sustainability Accounting Standards Board. For example, a bank or an insurer may use your transition plan when pricing risk.

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Finance Sector Net Zero Plans Must Respect Planetary Limits – SBTi

Chris Hall

According to the initiative’s latest report, Foundations for Science-Based Net-Zero Target Setting in the Financial Sector, banks, asset managers, insurers, and pension funds should ensure their operational and financing activities, as well as Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions, are aligned with global net-zero goals.

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ISSB Takes Reins on Transition Reporting

Chris Hall

In January, analysis of 26 international frameworks published by French non-profit Reclaim Finance noted a continued lack of a standardised approach to companies’ transition targets, which creates significant greenwashing risk. Less than 50% had proper disclosures on climate-related themes, such as emissions, she said.