Remove Greenwashing Remove Paris Agreement Remove Sustainable Investment
article thumbnail

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 136
article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

article thumbnail

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.

article thumbnail

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.

article thumbnail

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.

article thumbnail

The ESG Interview: Dancing into the Mainstream

Chris Hall

UNEP FI is responsible for formulating the Principles for Responsible Investment (PRI) and convenes the Net Zero Asset Owners Alliance (NZAOA), the Net Zero Banking Alliance (NZBA) and the Net-Zero Insurance Alliance (NZIA). Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”.