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Greenwashing Risk Grows in China ESG Funds

Chris Hall

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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Greenwashing Managers Must Heed Watchdogs’ Bark

Chris Hall

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. . The SEC has also recently fined BNY Mellon Investment Adviser US$1.5

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UK to Invest Over $1.2 Billion to Boost Green Industries

ESG Today

Taken together across our fastest-growing innovation sectors, this support alone will attract an estimated £2 billion of additional investment every year over the next decade.” Alongside the new investments, Energy Security Secretary Claire Coutinho unveiled a series of power network reforms to help accelerate electrification.

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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

The ruling comes as financial institutions and other companies increasingly face regulatory scrutiny over greenwashing concerns. Earlier this year, the CEO of Deutsche Bank’s investment arm DWS resigned after police raided the firms’ Frankfurt offices as part of an investigation into greenwashing allegations.

Net Zero 124
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Climate Commitments not Backed by Credible Plans – CA100+

Chris Hall

Notably, oil and gas companies within CA100+’s portfolio of 159 focus companies are still commissioning projects that do not align with Paris Agreement goals, while an overwhelming number of electric utility companies are not building out sufficient renewable energy capacity. Renewed engagement.

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SFDR II Must Deliver “Simplicity”

Chris Hall

Industry experts have stressed the need for simplicity and clarity around Europe’s ESG fund labelling, as the European Commission’s Sustainable Finance Disclosure Regulation (SFDR) consultation deadline looms. The SDRs were due to be introduced on 30 June, but following various delays are now expected in H2 2024.

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ESG Explainer: SFDR One Year on

Chris Hall

European efforts to bring transparency to ESG funds haven’t addressed fears of greenwashing. Almost a year since the European Commission introduced the Sustainable Finance Disclosure Regulation (SFDR), the European investment community remains divided over how to classify the ESG risks and impacts of their investments.