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Financial products and funds labelled as ‘sustainable,’ green,’ or ‘ESG’ on Swiss financial markets will be required to align or contribute to specific sustainability goals, with providers required to disclose how they intend to achieve the goals, according to new proposed rules unveiled by the Swiss Federal Council.
The survey found that over 77% of investors reported being interested in sustainableinvesting, including 40% who are “very interested,” while 57% said that their interest has increased over the past two years, and 54% expect to increase the percentage of their portfolios allocated to sustainableinvestments within the next 12 months.
Because today’s stakeholders are fed up and armed with social media, and they will call a company out for greenwashing or an opportunistic antiracist tweet. Throughout the event, they and other panelists returned to that same message: We want results. It’s not just about diverse hiring [policies].
The survey was conducted by Morgan Stanley Wealth Management and the Institute for SustainableInvesting. The majority of participants expressed the desire to have their investments help to advance positive environmental and social impact. 84% of individual investors “are keen on sustainableinvesting."
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.
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 sustainableinvesting, industry sources have sad. That pace of change is here to stay.”
FCA confirms sustainability disclosure and labeling regime The Financial Conduct Authority (FCA) has issued a policy statement setting out its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels. Next steps: The anti-greenwashing rule will come into effect from May 31, 2024.
Alongside the Corporate Sustainability Reporting Directive (CSRD) and Green Taxonomy , SFDR is a key part of the legislative framework being constructed by the European Commission to channel private capital to sustainableinvestments.
By: Sol Salinas, Executive Vice President, Sustainability Lead for the Americas, Capgemini With the increase in extreme weather events all over the world, paired with rigorous regulations coming into effect, organizations are under constant pressure to respond and explore how they can transform their business to become truly sustainable.
“CPP Investments’ calling Tallgrass an ‘energy infrastructure company’ can come across as greenwashing,” DeRochie claimed. It’s an oil and gas pipeline company – a fossil fuel company that owns thousands of miles of oil and gas pipelines.
Most asset managers, especially institutional investors such as mutual and pension funds, claim to integrate ESG into their investment strategy. The numbers speak for themselves: According to the Global SustainableInvestment Alliance, over $35.5 trillion was managed for sustainable and responsible investing globally in 2020.
ESG Investor’s weekly round-up of moves and appointments in the sustainableinvesting sector, including the ISSB, Hymans Robertson, 2DII, ACA Group, Edison, UKSIF and Util. . Michael Meehan has stepped down as Chair of the UK SustainableInvestment and Finance Association (UKSIF).
The UK’s Financial Conduct Authority (FCA) will closely monitor funds’ use of incoming green investment labels, potentially stopping asset managers from using them in the event of misuse. . Regulator’s ESG head underlines need for market confidence, highlights importance of investor engagement. . International, not isolated .
Climate policy response by governments and investment in clean technologies must be accelerated to keep temperature rise near 1.5°C, C, according to industry experts speaking at Morningstar’s ‘ SustainableInvesting Summit 2023 ’.
The risk of greenwashing has also been a growing concern. Associated with the UN General Assembly , Climate Week NYC presents an opportunity for investors to gain access to government officials, including through platforms such as SustainableInvestment Forum North America and the UN Global Compact Leaders Summit.
The largest youth generation in history is coming of age while inheriting a planet marred by extreme climate events, a lingering pandemic, armed conflicts and sharply rising inflation. More than half the world’s population is now under 30 years old. Find a job that embodies your beliefs and you can spend every day chasing your mission.”.
In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. 2022 Sustainability Summary. In 2022, the voice against “greenwashing” practices was clear and loud. Sustainability trends 2023: Net-Zero roadmaps.
Following on from its 2020 commitment to reach net zero by 2050, the UK’s work on sustainable finance policy started seriously in October 2021 with the launch of a roadmap to help make sure the country met its binding commitment to be net zero greenhouse gas emissions by 2050. .
Responsible investing is not about promoting a specific political agenda.” The company added that it participates in hundreds of events around the world with different organizations for which it does not set the agenda, noting that “our participation does not serve as an endorsement of any organization’s particular perspective on any issue.
Fiduciary duty is driving the growth of sustainableinvesting in the US. In early November, with both COP27 and the US midterm elections looming, a group of sustainableinvestment experts joined ESG Investor in New York to consider the evolving US regulatory landscape for sustainableinvesting.
Degree World” was held in partnership with the World Business Council for Sustainable Development (WBCSD) , ICLEI , and the Sustainable Development Solutions Network (SDSN). All pictures, videos and presentations from the event can be found at [link]. This is a critical year.”
Sustainableinvesting of every kind is to some degree geared towards addressing the biggest threats facing our planet and its inhabitants, which means our collective response must itself be monumental. In the absence of such a paradigm, ‘impact-washing’ is fast becoming the most duplicitous form of greenwashing.
Kirby tells ESG Investor how research conducted by EY focuses on various drivers that ultimately influence sustainableinvestment decision-making. These four quadrants, he says, cover a wide range of aspects that are crucial for comprehensive ESG risk assessment.
Wall of greenwash? Reforestation efforts are also hampered by the climate emergency itself: ongoing drought, in particular in Ethiopia, and other extreme weather events that limit the amount of water available to sustain such initiatives. The Great Green Wall has not been without both its challenges and its critics.
Natural extension – The roles of public and private sector actors were also to the fore at yesterday’s Nature Data for Institutional Investors event, hosted yesterday in London by ESG Investor , as speakers considered nature risks and impacts in light of the TNFD’s voluntary disclosure recommendations.
The finding was among several shared by Professor Dirk Jenter from his study of managers beliefs, objectives and constraints, presented at an event marking the launch a new Initiative in Sustainable Finance (ISF), which will form the finance stream of the London School of Economics multi-disciplinary Global School of Sustainability.
As heat, storms and flooding rack the planet, the investment industry has been poked and prodded in the last decade into reallocating at least a portion of its assets to meet the opportunities and risks of the climate emergency. SustainableInvestment Forum (US SIF). Eugene Ellmen writes on sustainable business and finance.
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