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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ESG Today

JUNE 19, 2024

Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.

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ESG Today

JUNE 5, 2023

Key sources of greenwashing risk identified by the regulators included claims about sustainability impact and company engagement made by asset managers, litigation risk related to misleading ESG claims made by banks, and misleading product claims by pension and insurance providers.

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Impakter

JANUARY 19, 2023

Impakter Why We Need a Legal Definition for ‘Greenwashing’ The European Union (EU) could soon implement harsher regulations on what companies can get away with when they claim to be greener than they actually are, according to a leaked new EU draft greenwashing law seen by Bloomberg. Alice Chapman

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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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ESG Today

OCTOBER 3, 2023

The greenwashing case was brought by Austria’s Association for Consumer Information (VKI). But promoting flights as CO2-neutral when this is not technically possible and it cannot even be ensured that sustainable aviation fuel is used in the specific flight is definitely going too far. between Vienna and Venice.

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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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ESG Today

FEBRUARY 24, 2023

While supporting efforts to promote transparency and tackle greenwashing risk, in its response commentary, EFAMA said that ESMA’s proposed criteria goes beyond SFDR’s requirements, and argued that “if additional rules and criteria are indeed needed, it should be up to the co-legislators’ discretion and not be part of ESMA Guidelines.”

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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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Chris Hall

SEPTEMBER 6, 2024

As a result, regulatory supervisors have paid increasing attention to the topic of greenwashing. Asset managers have also been taking their responsibility to avoid greenwashing risks seriously, as it is increasingly important for client and brand trust, in addition to regulatory compliance.

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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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Chris Hall

NOVEMBER 14, 2023

Industry bodies align on key sustainable finance-related definitions to offer end-users greater “consistency and clarity”. The growing use of ESG-related language in fund names and documentation without transparency and underlying evidence increases greenwashing risk, ESMA warned.

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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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Chris Hall

OCTOBER 19, 2023

Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing.

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ESG Today

MAY 6, 2024

The launch marks the latest in a series of initiatives across jurisdictions to set up a classification system for the definition of sustainable economic activities, including taxonomy systems already established or in development in the EU , UK and Australia.

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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

MARCH 21, 2022

The Wall Street Journal recently wrote: “MSCI’s popular USA ESG Leaders ended 2021 with a forward price-to-earnings ratio about 6% higher than the broad index,”—perhaps a bit pricey, but hardly an ESG bubble by any definition. Greenwashing,” or misrepresenting investment processes and objectives to clients, is a real risk.

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Chris Hall

JUNE 7, 2022

Asset managers should expect and prepare to be challenged on the sustainability credentials of their ESG-labelled funds as financial markets watchdogs clamp down on greenwashing, according to regulatory experts. . Growing concerns over greenwashing and mislabelling were highlighted in a 2021 report published by think tank InfluenceMap. .

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Environmental Finance

JANUARY 17, 2023

The European Fund and Asset Management Association (EFAMA) has told EU regulators that until there is a satisfactory definition of what constitutes greenwashing, action to curb the practice needs to be "proportionate" to the currently limited understanding.

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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

JANUARY 30, 2024

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.

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Chris Hall

NOVEMBER 16, 2022

The European Supervisory Authorities (ESAs) have issued a Call for Evidence to stakeholders on greenwashing. . The ESAs have also asked for any available data to help them gain a more concrete sense of the scale of greenwashing and areas of particularly high risk. .

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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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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

APRIL 28, 2023

Each is a mind bomb (a term coined by late, great Greenpeace co-founder Bob Hunter) , marking, for many of us, a definitive before the collapse and after. The unidentified deceased, draped in white sheets, laid out in nearby hospitals and makeshift morgues.

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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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ESG Today

NOVEMBER 22, 2023

Lawmakers in the European Parliament voted 448-65 to set up a certification system for the quantification, monitoring and verification of carbon removals, aimed at increasing their use, while building trust with high quality carbon removals, and countering greenwashing.

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ESG Today

FEBRUARY 20, 2024

The initial proposal, however, was criticized by environmental sustainability-focused groups, who argued that the new rules were too vague and susceptible to 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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