ESG Today

NOVEMBER 15, 2022

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced today a Call for Evidence on greenwashing, aimed at gathering information on greenwashing risks and practices across the banking, insurance and financial markets sectors.

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ESG Today

SEPTEMBER 26, 2023

Securities and Exchange Commission (SEC) announced on Monday that it has charged Deutsche Bank’s investment arm DWS, one of the largest asset managers in Europe, over misleading statements the firm made regarding its ESG investment process. Fixler was fired from DWS in March 2021 immediately prior to the release of the firm’s annual report.

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ESG Today

OCTOBER 9, 2024

The report found a 12% decrease in the number of companies associated with greenwashing risk in the year ending in June 2024, signalling a significant shift in corporate behavior, according to RepRisk, with the number declining for the first time since 2019. Alternatively, greenwashing cases increased slightly in the U.S.,

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ESG Today

JUNE 5, 2024

Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs).

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GreenBiz

APRIL 28, 2021

Because today’s stakeholders are fed up and armed with social media, and they will call a company out for greenwashing or an opportunistic antiracist tweet. After Floyd’s death, two-thirds of the corporations listed on the S&P 100 declared their solidarity with the Black Lives Matter movement, including all the major Wall Street banks.

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Financial Times: Moral Money

JUNE 1, 2023

European Banking Authority says there is a ‘clear increase’ in financial institutions overstating their climate credentials

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ESG Today

JUNE 29, 2023

In the letter, signed by FCA Director of ESG Sacha Sadan, the FCA wrote: “A number of the issues identified have informed our observations about the possibility of potential risks to market integrity and suspicion of greenwashing in the context of SLLs.”

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ESG Today

DECEMBER 11, 2024

For the report, the EY 2024 Institutional Investor Survey, EY surveyed 350 investment decision-makers globally, across asset management firms, wealth management firms, private banks, insurers, pension funds, family offices, foundations, endowment funds and sovereign wealth funds.

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ESG Today

JULY 28, 2022

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore unveiled new reporting and disclosure requirements for ESG funds targeted at retail investors. The post Singapore Unveils Disclosure Rules for ESG Funds to Reduce Greenwashing Risk appeared first on ESG Today.

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Chris Hall

JANUARY 31, 2023

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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3BL Media

AUGUST 16, 2022

Securities and Exchange Commission’s (SEC) proposed rules which aim to strengthen protections and address increasing confusion and greenwashing concerns around the rapid growth of ESG-oriented funds. DESCRIPTION: The sustainability nonprofit Ceres submitted comments today in support of the U.S. investing public.

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3BL Media

APRIL 19, 2022

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.

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Financial Times: Moral Money

DECEMBER 6, 2023

Lenders are ‘reluctant to disrupt’ relations with large CO₂ emitters

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GreenBiz

FEBRUARY 15, 2021

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. It also has pushed us to a new moment of corporate leadership.

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Financial Times: Moral Money

JUNE 29, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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ESG Today

NOVEMBER 13, 2023

For the report, BI’s inaugural ESG Market Navigator, Bloomberg surveyed 250 C-suite executives across a wide range of sectors, and 250 senior investors including asset managers, wealth managers and investment banks, across North America, Europe and Asia Pacific.

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Financial Times: Moral Money

JULY 18, 2022

Plus, carbon offsets and lobbying pose greenwashing risks

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Chris Hall

FEBRUARY 5, 2024

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.

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Chris Hall

OCTOBER 11, 2024

Rising levels of sustainability-focused regulation and investor scrutiny have contributed to a decline in greenwashing activities by companies. A new report from date science firm RepRisk highlighted a 12% year-on-year decrease in companies linked to greenwashing – marking the first fall in six years.

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ESG Today

OCTOBER 19, 2022

The ruling comes as financial institutions and other companies increasingly face regulatory scrutiny over greenwashing concerns. Earlier this year, the CEO of Deutsche Bank’s investment arm DWS resigned after police raided the firms’ Frankfurt offices as part of an investigation into greenwashing allegations.

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3BL Media

JULY 12, 2023

Our clients include international brand owners, tax authorities, lawyers, government bodies and investment banks. We have conducted thousands of brand valuations for clients of all sizes and across most sectors. See www.brandfinance.com.

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3BL Media

FEBRUARY 26, 2024

adults, this report unveils insights including: How sustainability impacts consumer perception of brands across 12 industries — food and grocery, telecommunications, banks, pension funds, airlines, and fashion and retail brands, just to name a few. Combatting the anti-ESG backlash and averting greenwashing accusations.

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Corporate Knights

SEPTEMBER 21, 2023

Humans produce about 2 billion tons of solid waste each year, according to the World Bank, and only about one-fifth of all that waste is recycled or composted. Changing consumer behavior will require a crackdown on greenwashing, Franklin-Wallis said.

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Corporate Knights

JULY 14, 2022

EE: There’s a general concern about greenwashing and the dissonance between what many companies say they believe about ESG issues and what they are actually doing. Do you feel corporate greenwashing has increased or decreased from the 1970s and ’80s? And what can investors do about it? It must be addressed by changing the economy.

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Environmental Finance

NOVEMBER 16, 2022

The three European Supervisory Authorities have launched a consultation on greenwashing practices in the EU asset management, banking and insurance sectors.

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ESG Today

NOVEMBER 3, 2024

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

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Environmental Finance

OCTOBER 25, 2022

The World Bank encouraged the market to consider expanding the role of external reviewers for sustainability-linked bonds (SLBs) to cover their structure, after research identified "structural loopholes" which pose a greenwashing risk for the market.

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Chris Hall

SEPTEMBER 21, 2023

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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Chris Hall

JUNE 1, 2022

Woehrmann, who had held the position since late 2018, will be replaced by Stefan Hoops, currently head of DWS parent Deutsche Bank’s corporate banking operations, from 10 June, according to a statement issued Wednesday. The officers reportedly held meetings with DWS and Deutsche Bank staff until lunchtime.

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Financial Times: Moral Money

MARCH 20, 2022

Fears rise over ‘greenwash’ bonds, central banks weigh dangers of inflation and war ‘shocks’, Salvadorean bitcoin bond set for baptism of fire, and ‘dry powder’ loan funds struggle to find a home

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ESG Today

JUNE 11, 2023

This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S.

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Impakter

JULY 14, 2022

Greenwashing in Fashion: What to Look Out For and How to Spot It. Greenwashing, the practice of companies’ inaccurately marketing themself to be perceived as more sustainable than they really are, occurs in nearly every industry — from automobile to food, furniture, banking, and of course, fashion. So why […].

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Alaistair Marsh

FEBRUARY 22, 2023

Bank adds `greenwashing’ to list of risks as global regulators move to clamp down on overhyped climate claims.

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Chris Hall

MAY 10, 2024

NGO ShareAction has declared it will continue to aid investors in their push for transparency into HSBC’s green finance investment pledge, highlighting endemic issues across the banking sector. We also want the bank to hear from shareholders directly. times by 2030.

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Chris Hall

JUNE 21, 2024

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. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.

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Corporate Knights

MARCH 21, 2022

Speaking of scrutiny, in March the Bureau of Investigative Journalism found that BlackRock and several banks have “quietly downplayed their environmental commitments so they can keep doing business with deep-pocketed U.S. oil] states.”

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ESG Today

JANUARY 21, 2024

This week in ESG news: EU Parliament approves new anti-greenwashing law; investors urge Shell to set Paris-aligned climate targets; Barclays launches new sustainable banking, energy transition investment banking teams; PwC CEO survey finds companies upskilling workers for climate megatrend; Australia drafts law requiring mandatory climate reporting; (..)

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