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EU ‘green’ label for gas and nuclear sparks sustainable investing crisis

Corporate Knights

I’m reminded of this debate amid the current turmoil over a green investment label in Europe, a situation caused largely by the unwillingness of the sustainable investment sector to create its own industry standard. Until very recently, the initiative has been considered a success.

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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

If companies want to do big business with the Canadian government going forward, they’ll need to prove how green they are. The federal government is pursuing new policies on procurement and low-carbon investment standards aimed at boosting the business prospects for companies committed to net-zero climate plans.

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To boost competitiveness, Europe proposes slashing key climate rules

Corporate Knights

EU climate taxonomy simplified The new rules also reduce the reporting burden under the EU taxonomy, the classification system that determines whether companies are making capital investments in line with a net-zero future. Companies are required to report under a list of hundreds of data points, which vary by company.

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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

At a forum on sustainable finance in Ottawa this week, a parade of speakers, including Environment Minister Steven Guilbeault, warned that Canada is falling behind global competitors in the race to attract the investment needed to fuel the transition to a net-zero economy. Canada is playing catch-up,” he acknowledged. “We

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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”

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Asian Investors Embrace Net Zero Commitments

Chris Hall

Portfolio-wide commitments to net zero emissions have surged among Asian investors, according to a new study from The Asia Investor Group on Climate Change (AIGCC). A total of 40% of survey respondents had committed to net zero emissions, compared with none the previous year.

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ESG Today: Week in Review

ESG Today

Pfizer Announces 2040 Net Zero Commitment. SLC Management Commits $139 Billion Portfolio to Net Zero by 2050. European Lawmakers Defeat Move to Keep Nuclear and Gas out of Green Investment Taxonomy. K2 Launches ESG Certification for Fund Managers to Tackle Greenwashing Risk. ESG Services and Tools.