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Banks Must Radically Change Climate Perspective

Chris Hall

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

Banking 75
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Greenwashing Risk Grows in China ESG Funds

Chris Hall

Chinese asset managers are improving ESG awareness, but weak regulation means green claims often don’t match reality, says Greenpeace. Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found.

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ESG Today: Week in Review

ESG Today

ECB Climate Stress Test: Banks are Overexposed, Underprepared for Climate Risk. European Lawmakers Defeat Move to Keep Nuclear and Gas out of Green Investment Taxonomy. K2 Launches ESG Certification for Fund Managers to Tackle Greenwashing Risk. HKEX Forms Council to Launch International Carbon Market.

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Redefining ‘Business as Usual’: Three Ways to Overcome Barriers to ESG and Climate Finance

James Militzer

Meanwhile, most people – 79% overall and 90% of investors under age 45 – say they want to invest in socially and environmentally friendly ways. Even if they’re not actively greenwashing, most companies don’t publish information about their emissions or other environmental impacts. And more importantly, what can we do to bridge it?

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Take Five: Into the Stratosphere

Chris Hall

Many of the difficulties stem from how multilateral development banks (MDBs) operate and interact with the private sector, but one channel for private investment flows was also flagged as problematic this week. Perhaps more significant was the African Development Bank’s US$750 million issuance, which attracted 275 investors.

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Take Five: Green Means Green

Chris Hall

European regulators have ratcheted up efforts to eliminate greenwashing from the investment sector. End of an era I – The fight against greenwashing inched ahead with the release of final guidelines for naming ESG- or sustainability-related funds by the European Securities and Markets Authority (ESMA).

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Take Five: Nature Takes New York

Chris Hall

There is no shortage of reference frameworks for keeping finance sector firms on a straight and narrow path to net zero; and some might raise an eyebrow at guidance from a country that has done more than most to undermine the collaborative decarbonisation efforts of banks , insurers and investors. What’s in a name?