ESG Today

JUNE 21, 2023

The colloquial term for this phenomenon, particularly as it relates to sustainability, is greenwashing, and it’s far from novel. Here’s a quick rundown: Greenwashing is a practice used by businesses to represent themselves as more sustainable than they truly are. Greenhushing refers to a company’s refusal to publicize ESG information.

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Greenwashing Principal Adverse Impact Indicators Carbon Offsets Net Zero 104

Chris Hall

NOVEMBER 16, 2022

The European Supervisory Authorities (ESAs) have issued a Call for Evidence to stakeholders on greenwashing. . The ESAs have also asked for any available data to help them gain a more concrete sense of the scale of greenwashing and areas of particularly high risk. . More time needed .

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Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

Chris Hall

SEPTEMBER 23, 2022

Finally, firms must ask whether the client would opt for products or instruments that take into account the SFDR’s principal adverse impact indicators on sustainability factors. Around 43% of European open-ended funds and ETFs are currently classified as Article 8 with 8% termed as Article 9.

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Principal Adverse Impact Indicators Sustainable Investment Greenwashing Banking 52

Chris Hall

OCTOBER 7, 2022

But that will take time and, in the meantime, the authorities are focusing on other ways to limit and expose ‘greenwashing’. The FCA is also able to use its existing rules to fine firms that are guilty of ‘greenwashing’, but so far has focused on the retail market. Negative externalities (PAIs) and the Taxonomy. US developments.

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