Remove Banking Remove Greenwashing Remove Social Sustainability
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Sofidel: The Forum for Sustainable Finance

3BL Media

About 40% of the companies surveyed do not know how to estimate the extent of their exposure to climate risks, and only 17% have approached banks for financing related to sustainability projects. How high is the risk of greenwashing? More generally, it is the market’s credibility that loses out.

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Take Five: No More Hot Air

Chris Hall

Progress had been grindingly slow until a breakthrough in the run-up to COP28, which paved the way for a deal on the opening day, effectively giving the green light for grant-based funding, facilitated initially by the World Bank, raising transparency concerns for some.

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UK Green Labels to Raise Fund Standards

Chris Hall

Protected status for ESG investment products could mark the beginning of the end for greenwashing for UK investors. Before long, any asset manager thinking of slapping a ‘sustainable’ or ‘ESG’ label on its investment products for UK clients should think twice – at least. It thinks there is a problem about greenwashing.”.

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A Measured Approach

Chris Hall

Concerns over greenwashing have accelerated efforts by regulators and standard setters to develop and introduce more robust forms of disclosure and measurement to the burgeoning ESG investing market, he suggests. To date, Chile and Uruguay are the only sovereigns to have launched SLBs.

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GSSS: A Direct Path to a Just Transition

Chris Hall

Sovereign green, social and sustainable bond (GSS) issuance has grown rapidly in recent years, but these bonds still only account for 5% of total outstanding sovereign debt. Labelled bonds can stand accused of ‘greenwashing’ if a robust sustainable framework is not in place. We expect more countries to follow.

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When Green is Gold

Chris Hall

An important key to unlocking that finance lies in green and sustainable emerging market bonds, which promise lenders both returns and the opportunity to invest in projects with an ESG impact. There’s a lot of greenwashing, and there are really weak standards in terms of additionality, materiality, accountability and transparency.”.

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Asia’s Sovereigns to Embrace Sustainable Bonds

Chris Hall

The Asian Development Bank (ADB), which estimates a US$3.1 Global sustainable bond issuance surged in 2021, with data providers estimating total volumes just above or below US$1 trillion; green bonds accounted for roughly half. Developing economies globally need to invest as much as US$4.5 trillion) to reach the goals.