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Swiss Government Allows Financial Sector to Self-Regulate Greenwashing Prevention

ESG Today

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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FCA Proposes Anti-Greenwashing and Sustainability Disclosure Rules for Portfolio Managers

ESG Today

Sacha Sadan, FCA’s Director of Environmental, Social and Governance, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainable investment.

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EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims

ESG Today

The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services.

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ESMA Warns on “Misleading” Use of ESG-related Terms by Funds

Chris Hall

Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing. Consistency across documentation Additionally, the report found that the language used in fund documentation varies significantly based on type.

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ESMA Tackles Greenwashing with New Tool

Chris Hall

The European Securities and Markets Authority (ESMA) has developed a new tool that will enable it to better identify cases of greenwashing in the investment management industry. On the basis of that work, it has now developed what it describes as an “indicator” to qualify greenwashing risk among investment funds. “[We

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Regulators Turn to Tech to Tackle Greenwashing

Chris Hall

FCA-hosted TechSprint aims to harness technology innovation to outpace adverse impacts of greenwashing in financial services. At yesterday’s culmination of the Global Financial Innovation Network’s (GFIN) first Greenwashing TechSprint , awards were presented based on different criteria.

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Going Green Without Greenwashing

Sustainability Update

Report on every environmental initiative and face allegations of greenwashing? Greenmuting vs Greenwashing First, we must understand the extremes on both sides. Greenmuting vs Greenwashing First, we must understand the extremes on both sides. Yet, it is difficult to let go of the fear of being called a dreaded greenwasher.