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Memo to Canadian mutual funds: stop greenwashing with vague ‘ESG integration’ claim

Corporate Knights

In a new anti-greenwashing policy, Canadian mutual funds will no longer be able to claim the vague and oft-criticized strategy of “ESG integration” if they want to be included in the country’s official list of responsible investment funds. In a case that received a lot of attention, DWS agreed to pay $25 million to the U.S.

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Major investor alliance working to clean up greenwash lurking in ESG

Corporate Knights

In response to accusations of greenwashing and growing regulatory scrutiny, a group of high-powered financial networks is working to standardize the often-opaque jargon of the responsible investing industry. The conference was held at an important time for the responsible investment industry in Canada and around the world.

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ESG Confessions: 5 Sustainable Finance Pros Share How They Are Grappling With the Talent Shortage, 'Greenwashing', and the 'Sucker' Stereotype | Featuring Jordan Locke, Acre

3BL Media

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

Corporate Knights

In March 2022, the Network for Greening the Financial System , a coalition of more than 120 central banks and supervisors, published a new statement , acknowledging that biodiversity loss could lead to significant macroeconomic and financial stability risks. The future lies in impact investing.

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ESG Today: Week in Review

ESG Today

ECB, ESRB Report Finds Climate Shocks Can Spread Quickly Across Banks, Companies, Financial System. Singapore Unveils Disclosure Rules for ESG Funds to Reduce Greenwashing Risk. Guest Post: Combatting Greenwashing. Accenture Invests in ESG Measurement Platform PulsESG. Australia Moves to Enshrine Climate Targets into Law.

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Much to Learn for EU Regulators on Greenwashing

Chris Hall

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.

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ING’s SDG Fund Champions “Impactful” Investment

Chris Hall

Regulatory uncertainty led to many managers downgrading their Article 9 funds to Article 8 in the second half of last year to avoid accusations of greenwashing, but there are some expectations of a resurgence in ‘dark green’ funds. billion in AuM, with a further €99 billion in Article 9 funds being downgraded in January this year.