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Singapore Unveils Disclosure Rules for ESG Funds to Reduce Greenwashing Risk. Guest Post: Combatting Greenwashing. Mastercard Appoints Ellen Jackowski as ChiefSustainabilityOfficer The post ESG Today: Week in Review appeared first on ESG Today. ESG Reporting & Disclosure. ESG Services and Tools. Exec Moves.
SUMMARY: James Mandel, Blackstone’s ChiefSustainabilityOfficer, and Jake Shirmer, a Principal in Portfolio Operations, explain why tracking greenhouse gas emissions is neither greenwashing nor a compliance checkbox. Rightly understood, then, tracking GHG emissions is neither greenwashing nor a compliance checkbox.
Yesterday’s raids by German police follow action brought against the firm by the US Securities and Exchange Commission (SEC), relating to evidence provided by former ChiefSustainabilityOfficer Desiree Fixler that DWS exaggerated the extent to which ESG principles were followed in funds marketed as sustainable.
Recent announcements have included the establishment of a working group to develop a code of conduct for ESG data and ratings providers, and the release of proposed rules for investment product sustainability labels and disclosure requirements to address greenwashing risk. Catherine Howarth OBE , Chief Executive of ShareAction.
Jenn-Hui Tan, ChiefSustainabilityOfficer at Fidelity International said: “We have long been committed to sustainable investing and have continued to evolve our approach and capabilities in line with client requirements and ESG regulations.
Europe, and Japan, “close to 80% of individual investors believe that it is possible to balance market rate returns with a focus on sustainability,” notes Jessica Alford, chiefsustainabilityofficer of the company. The survey was conducted by Morgan Stanley Wealth Management and the Institute for Sustainable Investing.
One trend discussed in our panel of ESG consultant experts is the shift many companies have made more recently in moving ESG and Sustainability initiatives from where it has traditionally been with marketing communications or corporate foundations, to the C-Suite.
Regulators around the world are considering increasing their scrutiny of companies’ emissions-reduction claims in a bid to dispel greenwashing concerns. . Today’s guidelines will help companies continue to decarbonise in a cost-effective way,” UK Business and Energy Secretary Kwasi Kwarteng said. .
This is why this 2013 TED talk by Steve Howard, the ChiefSustainabilityOfficer at Ikea, is so refreshing. In it, he highlights the work Ikea is doing on the topic, and also the importance of going all in on sustainability and offering (and selling) products that are environmentally sustainable.
Currently, just 5% of businesses have assigned responsibility for setting the strategic direction on sustainability action to their organisations CFO. Instead, it falls to an array of other leaders, including the Board of Directors (25%), CEOs (21%), ChiefSustainabilityOfficers (15%) and Chief Operating Officers (10%).
Almost all major listed companies, even those in the energy or mining sectors, have established CSR or sustainability departments, appointed chiefsustainabilityofficers, or have a CSR committee on their boards. To me, three main criteria must be applied to determine what’s really sustainable finance.
make greenwashing easier to detect and allow companies that are really delivering on climate action to stand out from the crowd. The UN’s High Level Expert Group (HLEG) on net-zero announced their recommendations at COP27. Business is getting on with the job of cutting emissions.
Quote of The Week (Christoper Galluzo) “I came into my first sustainability job five or six years ago with this hyper-competitive mindset […] but what I found out very quickly was that in the sustainability space, and all of its permutations, the problems are challenging and difficult enough that you kind of have to deal with your competitors.
For instance, Probodha Acharya, ChiefSustainabilityOfficer at JSW Group discussed how the company’s cement, with a carbon intensity of 300kg CO2 per tonne of cement, now makes it the lowest carbon cement company in the world.
There’s a risk of engagement washing just in the same way that there is of greenwashing,” said Venetia Bell, Group ChiefSustainabilityOfficer at Gulf International Bank and Head of Strategy at GIB Asset Management, a sustainable investment firm.
The FCA’s SDR requirements were introduced by the regulator in November 2023 , aimed at helping investors assess the sustainability attributes of investment products, and to avoid greenwashing risk, to portfolio managers. The firm added that it is reviewing opportunities for further SDR label adoption in its fund range.
Kristina Kloberdanz, senior vice president and chiefsustainabilityofficer of Mastercard, discusses the recent expansion of the Priceless Planet Coalition — which aspires to restore 100 million trees. . Big brands are leaning into growing consumer interest in supporting products and services that do "better" for the planet.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. Australia Financial Industry Body Sets Anti-Greenwashing Expectations for Fund Managers. Sustainable Finance. Citi Launches Sustainable Deposit Solution in Asia Pacific. ESG Investing.
This week in ESG news: Deloitte study finds over 70% of companies have abandoned M&A deals over ESG concerns; CDP launches new sustainability reporting platform; EU regulators call for action on greenwashing in financial sector; H&M warns against use of carbon credits in corporate net zero plans; Climeworks unveils carbon removal tech breakthrough; (..)
Among its most impressive alumni are Chelsea Mozen, chiefsustainabilityofficer at Etsy, who implemented a carbon-neutral delivery program at the e-commerce company, and Emma Jenkins-Long, who entered the program as a public-school teacher in Vermont and is now vice-president of ESG strategy for Deutsche Bank in New York.
Helen Jones, the COO of the Enterprise division at Alcumus, suggests that while “visibility through the full supply chain is key to combat rising greenwashing, the ability to manage these risks will determine which companies will have customers, investors and employees in the future.”.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Boeing Announces Public Launch of Data Tool to Assess Aviation Decarbonization Solutions Carbon Removal Buyers Group Frontier Announces First $53 Million Offtake Agreement Svante, 3M Partner to Develop Material to (..)
The global investment community is walking a “tightrope” between greenwashing and green blushing as it strives to stay abreast of regulatory developments that continuously ramp up accountability on sustainable investing, industry sources have sad.
This, coupled with a nascent taxonomy process, makes investors even more than usually vulnerable to greenwashing. . ” – Helge Muenkel, ChiefSustainabilityOfficer at DBS . . ” – Helge Muenkel, ChiefSustainabilityOfficer at DBS .
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Purchases Carbon Credits Helping U.S.
The revised framework will enable us to more effectively demonstrate how our funds are meeting their respective ESG goals or requirements,” Jenn-Hui Tan, ChiefSustainabilityOfficer at Fidelity, told ESG Investor. “We
Cities Government & Regulators Australia to Launch Decarbonization Plans for Key Sectors Biden Launches $20 Billion Climate and Clean Tech Project Financing Programs Australia Releases Rules for Sustainability Claims to Fight Greenwashing by Companies ESG Reporting & Disclosure Norway’s $1.3
“A number of asset owners have set their decarbonisation targets and are now realising they have to also support the transition and need to incorporate this into their sustainable investment strategies,” Nazmeera Moola, Ninety One’s ChiefSustainabilityOfficer, tells ESG Investor. .
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
Regulators in APAC and beyond increasingly are alert to the risks of greenwashing, imposing new requirements to ensure that the contents of sustainable funds justify their labels and marketing claims. We can’t just preach to the converted around this table,” Esther An, ChiefSustainabilityOfficer, City Developments Limited. “We
This week in ESG news: Canada to require oil & gas industry to slash emissions; California’s climate reporting law survives legal challenge; Mizuho invests in climate solutions provider Pollination; new clean energy deals signed by H&M, Meta, Saint-Gobain; incoming EU finance Commissioner calls for sustainable investment labels, reduced SFDR (..)
Billion for Sustainable Food Chain Fund Infrastructure Tech Startup Neara Raises $24 Million to Help Utilities Deploy Renewable Energy, Reduce Climate Risk InterContinental Energy Raises $115 Million to Develop Green Hydrogen Projects
Nazmeera Moola, ChiefSustainabilityOfficer at South African asset manager Ninety One, highlighted the progress toward the Global Goal on Adaptation (GGA), which should be presented at COP28, but acknowledged that extended timelines provided limited immediate scope to channel private capital into adaptation projects in EMDEs. .
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Amazon, Google, Microsoft, Nucor Pioneer New Clean Energy Investment, Risk Sharing Models with Duke Energy Brookfield In Talks to Acquire Clean Energy Developer Neoen for $6.6
Solar Developer Pine Gate Raises $650 Million ESG Investing Bloomberg Launches Sustainability Screening Tool for Investors Exec Moves IBM Appoints Christina Shim as New ChiefSustainabilityOfficer Million Carbonfact Raises $15 Million for Emissions Reporting Solution for Fashion Industry U.S.
This week in ESG news: HSBC ends financing of new oil & gas projects; EU agrees to a carbon tax on imports; Australia to introduce mandatory climate reporting for companies; Dow Jones Sustainability annual index changes released; Barclays sets $1 trillion sustainable finance goal; Annual CDP environmental scores released; Biden invests $3.7
The survey assessed the key challenges to sustainable investing currently facing investors, with data availability and consistency emerging as the top barrier, cited by more than 70% of respondents as a very or somewhat significant challenge, followed closely by fluctuating regulatory guidance at 69% and greenwashing at 68%.
In todays economic and political landscape, chiefsustainabilityofficers who can quantify the value of initiatives have a better chance of winning internal and investor funds for those initiatives.
This week in ESG news: BNP Paribas faces first-ever commercial bank climate lawsuit; HSBC unveils new financed emissions goals; Republicans urge Congress to block ESG investing rule; Allianz to vote against companies who don’t tie pay to ESG goals; United Airlines launches venture fund for sustainable aviation fuel startups; India proposes ESG investing (..)
This week in ESG news: BCG launches sustainability and climate policy & regulation center; Congress votes down Biden ESG investing rule; Deutsche Bank eyes big sustainable finance opportunity; Canada government to require suppliers to disclose emissions, set targets; Citi sets climate goals for carbon-intensive sectors; EU lawmakers agree to new (..)
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