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

Corporate Knights

Environmental groups complain that the group is rife with conflicts of interest in setting green investment standards for themselves, given their considerable reliance on oil and gas business. She says the inclusion of oil and gas projects in a transition framework would amount to greenwashing for an unsustainable source of energy.

Net Zero 322
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Greenwashing Risk Grows in China ESG Funds

Chris Hall

Chinese asset managers are improving ESG awareness, but weak regulation means green claims often don’t match reality, says Greenpeace. 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.

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Global ESG assets drop 14% as industry tightens grip on sustainability claims

Corporate Knights

As the COP28 meeting begins and the world looks to the financial sector to step up on the climate crisis, the global sustainable investment industry is finally coming to grips with allegations of greenwashing that have plagued it for years. where the tighter definitions have been felt most. “We

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EC Leaning Toward New SFDR Categories

Chris Hall

Investors have been in limbo for six months about the future of the regulation, which provides guidelines on the disclosures required of green investment vehicles. Therefore, replacing this current framework with actual categories with clear criteria is a possibility.

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How Green are Recycled Funds?

Chris Hall

Asset managers decide to re-label existing funds as green investment vehicles for two reasons, according to Paul Lacroix, Head of Structuring at Smart Beta specialist investment firm Ossiam, an affiliate of Natixis. The first is client demand for investment solutions that are ESG-based,” he tells ESG Investor.

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US SEC Urged to Step up Greenwashing Crackdown

Chris Hall

At issue is the practice of greenwashing, in which dubious or over-stated claims are made for the environmental or social impact of green-labelled funds and other financial products. At present, a fund’s name – for example, Japanese large-cap stocks – must be supported by having at least 80% of its portfolio in such assets.

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TNFD: A Pivot Point for Nature

Chris Hall

It remains to be seen whether the FCA insists that firms link gaps with the requirements to prevent harm under this year’s consumer duty measures, and require firms to provide adequate evidence to indicate proper due diligence in avoiding intentional greenwashing.