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ESG funds pouring millions into meat company linked to Brazil deforestation

Corporate Knights

While most of the funds’ documentation analysed explicitly cite exclusions relating to fossil fuels and controversial weapons, none outright exclude companies linked to deforestation in their screening process. JBS is widely regarded as an ESG pariah.

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ESMA Tackles Greenwashing with New Tool

Chris Hall

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

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Regulators Turn to Tech to Tackle Greenwashing

Chris Hall

FCA-hosted TechSprint aims to harness technology innovation to outpace adverse impacts of greenwashing in financial services. At yesterday’s culmination of the Global Financial Innovation Network’s (GFIN) first Greenwashing TechSprint , awards were presented based on different criteria.

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RepRisk Launches New ESG Due Diligence Scores to Assess Companies’ Specific Sustainability Risks

ESG Today

Alexandra Mihailescu Cichon, Chief Commercial Officer at RepRisk, said: “For a long time, banks, investors, and businesses have been searching for readily deployable thematic risk metrics to streamline their due diligence processes when making financing or investment decisions, engaging new suppliers, or expanding operations.

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South Pole Joins Industry, Policymakers and NGOs Calling for Transparent Corporate Targets on Plastic Pollution at UN Negotiations in Nairobi

3BL Media

The high-level discussion was attended by the IFC-World Bank, World Economic Forum and UN delegates from Switzerland, Peru, Kenya and the USA. This comes as international negotiators gather at INC-3 in Nairobi to draft an internationally binding treaty on plastic pollution.

Waste 147
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New Report Finds Investors View the Quality of Available Climate Data As “Insufficient”, Recommends Broader Use of High Quality, Independent Assurance

3BL Media

Assurance over corporate climate disclosure is critical to prevent greenwashing and ensure that investors can make decisions promoting long-term shareholder value and economic growth.” “Institutional investors have made it clear that they need consistent, comparable, decision-useful climate data,” said Steven M.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” “The simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We