ESG Today

JUNE 21, 2023

The colloquial term for this phenomenon, particularly as it relates to sustainability, is greenwashing, and it’s far from novel. Here’s a quick rundown: Greenwashing is a practice used by businesses to represent themselves as more sustainable than they truly are. Greenhushing refers to a company’s refusal to publicize ESG information.

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Environmental Finance

JANUARY 16, 2023

The International Capital Market Association (ICMA) has described the initial 'greenwashing' definition proposed by EU regulators as "excessively broad" and "unhelpful" towards developing regulatory approaches to the issue.

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3BL Media

DECEMBER 16, 2022

But their approaches could be other forms of ESG investing in disguise—some just greenwashing or social washing—or they don’t have the roadmap, experience and resources to meet your impact goals. What’s your definition of impact investing? Such answers don’t pinpoint meaningful impact, and any definition should be more specific.

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3BL Media

MARCH 11, 2022

‘Greenwashing’ concerns can’t be addressed without effective reporting standards. As we address in this publication, frameworks without a definite reporting obligation cannot fully address concerns of greenwashing, nor can ESG ratings and rankings. SOURCE: GRI.

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Environmental Finance

APRIL 28, 2023

A 'maelstrom' of regulatory requirements on both sides of the Atlantic has not brought a clear definition of sustainability - which may spare investors from litigation, a webinar heard. Michael Hurley reports

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Environmental Finance

OCTOBER 29, 2024

The growth of 'transition' finance is being held back by fears among debt issuers of being accused of greenwashing - a situation exacerbated by national regulators failing to clearly define what constituted greenwashing, a webinar hosted by Environmental Finance heard.

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ESG Today

OCTOBER 25, 2023

Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’

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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?

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Chris Hall

JUNE 15, 2023

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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3BL Media

JUNE 21, 2022

Definition. Bill MacDonald , Energy Transition Leader for Antea Group USA, offers a concise definition of energy transition: “A period of energy transition is defined by the adoption of a new primary energy system. Definition. Definition. Definition. Energy Transition. Low-Carbon. Decarbonization.

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Chris Hall

JUNE 1, 2022

German prosecutors reportedly said the raid was “triggered by reports in the international and national media that DWS, when marketing so-called ‘green financial products’ had sold these financial products as ‘greener’ or ‘more sustainable’ than they actually were”, a practice known as greenwashing.

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Sustainability Matters

JULY 3, 2022

But perception and reality of a company’s credentials can vary widely, and after years of media reports and widespread concern around ‘greenwashing’, the ASX recently announced a crackdown on ethical funds , joining ASIC to fight against those using the market disclosure system to fake green credentials. That’s exactly what greenwashing is.

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Sense and Sustainability

JANUARY 27, 2021

Editor’s note : This is the first of two articles published concerning greenwashing, both historically and at present. What is Greenwashing and How does It Work? Products are greenwashed through the process of renaming, rebranding or repacking. Large scale greenwashing companies have made headlines over the years.

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Chris Hall

MAY 19, 2023

The report said greenwashing as a key concern for asset owners, with asset managers “overstating or providing unclear messaging” on their level of commitment to sustainability. In France, Italy, and the Netherlands, asset managers were the most concerned about greenwashing allegations, with 67% expressing that they were ‘highly concerned’.

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3BL Media

APRIL 29, 2022

Greenwashing : Conveying the impression of sustainability or being environmentally friendly to take advantage of the “halo” effect that such actions bring to a company. Investopedia notes that greenwashing is “considered an unsubstantiated claim to deceive consumers into believing a company’s products are environmentally friendly.”

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Sense and Sustainability

MARCH 3, 2021

Editor’s note : This is the second of two articles published concerning greenwashing, both historically and at present. What are the Alternatives to Greenwashing? How to Avoid Greenwashing? Groups that validate a company’s sustainability claims can highlight truly effective initiatives while leaving greenwashers behind.

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ESG Today

NOVEMBER 10, 2022

A UN-backed group of sustainability, business, finance and government leaders unveiled a series of recommendations aimed at developing clearer standards for net zero pledges made by businesses and other non-state entities, and avoid the use of the commitments for greenwashing. Click here to access the High-Level Expert Group report.

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Stanford Social Innovation

NOVEMBER 27, 2023

Martin & Brandon Leppke The next step in impact investing is the Delaware statutory public benefit limited partnership, which provides clarity of definition, assuages fears of greenwashing, and harmonizes manager incentives with public good. By Frank J.

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Chris Hall

MAY 26, 2022

The proposals are in response to increasing concerns raised by investors that current rules are potentially facilitating greenwashing, misleading customers over products’ underlying holdings. . The post US SEC Funds Proposals Aim to Tackle Greenwashing appeared first on ESG Investor. Justifying the label .

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Chris Hall

JANUARY 6, 2023

ESG has gone mainstream and generated a backlash because our collective definition of value creation is evolving. The recent tide of stories about greenwashing and divergent ESG ratings by financial actors have called into question the whole enterprise. A new, expanded definition. ESG sceptics, it’s time to trust the process!

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Environmental Finance

JANUARY 26, 2023

Industry experts have welcomed the UK Financial Conduct Authority's (FCA) proposed Sustainability Disclosure Requirements (SDR) and sustainable investment labels - but voiced concern at the potential impact of some of its definitions.

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Chris Hall

DECEMBER 16, 2024

In May, the commission declined to provide a definitive steer following a consultation on either implementing new criteria more closely aligned with the UKs Sustainability Disclosure Requirements (SDR) fund labels or formalising Article 8 and 9 as product categories.

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Environmental Finance

JULY 15, 2022

Berenberg Bank says it does not define itself as an impact investor despite running three 'impact-focussed' funds - a distinction it says helps avoid perceptions of greenwashing while definitions of impact are in flux, according to a senior employee.

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Chris Hall

MAY 28, 2024

Between January 2020 and December 2021, the EU watchdog identified 191 European companies involved in 933 misleading communication incidents – 70% of which involved greenwashing.

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Chris Hall

JUNE 30, 2022

DWS whistle-blower welcomes enforcement action as necessary to deal with greenwashing. Regulatory efforts to prevent greenwashing by asset managers must be underpinned by stronger enforcement action, according to Desiree Fixler, ex-Group Sustainability Officer at German asset manager and whistle-blower on ESG-related failings at the firm.

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Chris Hall

OCTOBER 28, 2022

Regulation will never be sufficient to protect investors from greenwashing, says Alexandra Mihailescu Cichon, EVP at RepRisk. While this is to be encouraged as a step toward the transition to a more sustainable future, focused around lower-carbon economies, this same pressure has also led to an uptick in greenwashing.

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3BL Media

MARCH 5, 2024

Consumers are now rightly attuned to potential greenwashing; in response, brands are becoming too precautionary and restrictive in their approach to sustainability communications. Brand Finance’s Strategy & Sustainability Director, Robert Haigh , commented, “Brands have to strike a fine balance when communicating about sustainability.

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James Militzer

MAY 19, 2022

For example, fossil fuel companies have engaged in ever more blatant greenwashing , touting clean energy in their annual reports and strategies but showing little progress in changing their actual business practices. Missing information also contributes to this gap.

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Sustainability Update

JANUARY 21, 2025

Rather, the goals are aligned with the EUs climate and environmental goals to: Create a consistent definition of sustainability regarding economic activities Support companies in their effort to plan and finance their green transition Protect against greenwashing Accelerate financing of projects that are sustainable Want to keep reading?

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Chris Hall

JANUARY 27, 2022

The Securities and Exchange Board of India (SEBI) has launched a new consultation proposing tighter regulations for ESG rating providers to curb increasing reliance on unregulated providers and address concerns over greenwashing. Currently, the activities of ESG rating providers are not subject to regulatory oversight in India.

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We Mean Business Coalition

AUGUST 23, 2023

The EU Green Taxonomy was designed to accelerate the flow of money into green companies and projects, while simultaneously protecting investors from greenwashing accusations. The EU Green Taxonomy represents an ambitious and commendable endeavour to guide financial flows towards sustainable companies and projects and combat greenwashing.

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Chris Hall

MAY 10, 2024

I ndustry-wide issue Last November , research from ShareAction found that Europe’s top 20 banks – including HSBC – successfully promoted their green finance credentials, but lacked transparency on green finance activity, leaving them and their investors exposed to greenwashing allegations. “

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Sphera

DECEMBER 15, 2022

Amid record-breaking inflation, only one in five consumers would definitely pay extra for green products and only 13% see sustainability as deciding factor in product choice. Price and information are cited as biggest barriers to sustainable behavior change among consumers.

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Sphera

NOVEMBER 30, 2022

They provide a definition of net zero, scientific and fact-based guidance on how to reach net zero, as well as advice on how to achieve consistent reporting on GHG emissions reduction and removal. Speaking of the need for standardized metrics for net-zero pledges, the issue of greenwashing in net-zero pledges was also addressed during COP27.

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We Mean Business Coalition

NOVEMBER 8, 2022

Integrity Matters: Net Zero Commitments by Businesses, Financial Institutions, Cities and Regions, builds on credible existing initiatives like Race to Zero and the Science Based Targets initiative, setting tight definitions for what it means to be net zero and net zero?aligned.

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Stanford Social Innovation

OCTOBER 4, 2022

“Net-zero” or “climate-neutral” as a concept is so hard to pin down, let alone achieve any version of, that it’s flimflammery by definition. So media, branding, and press, if not based on greenwashing, matters environmentally as much as it does financially. In fact, it’s just the opposite.

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We Mean Business Coalition

FEBRUARY 15, 2023

We must have zero tolerance for net zero greenwashing.” Yet the implication that all corporate climate action is tantamount to greenwashing is simply wrong. Accountability is key – for governments, cities, researchers and, of course, business. We must all deliver against the commitments we have made. C within reach.

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