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U.S. sustainable investing assets plunge by more than US$8 trillion

Corporate Knights

Sustainable investing assets in the United States have plunged by more than half to US$8.4 trillion at the end of 2021 from US$17.1 trillion at the end of 2019, according to a new report from the US Forum for Sustainable and Responsible Investment (US SIF). Sustainable investing assets skyrocket post 2014.

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Sustainable investments had secretly great year

Corporate Knights

Despite appearances, sustainable investments have quietly had a great year. Given the poor performance of green energy stocks and the chorus of opposition against anything viewed as “woke,” it’s easy to get lost in the narrative that the shine has worn off sustainable investing. But that’s not what I’m seeing.

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The 'green label effect' for green bonds is real

Corporate Knights

This imbalance squeezed sustainable investment firms like CoPower, which ultimately led to its green bond model winding down. In 2021, these investors accounted for 52 per cent of global assets under management in 2021 a figure expected to jump to nearly 61 per cent by 2030.

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UK Regulator to Test Asset Managers’ ESG Claims for Greenwashing

ESG Today

The Financial Conduct Authority (FCA), the conduct regulator for financial services firms and financial markets in the UK, has informed asset managers that it will be testing the ESG and sustainable investing claims made in their communications with investors, as part of its efforts to reduce greenwashing risk.

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A tidal wave of new carbon emissions data soon will be upon us

GreenBiz

Tue, 02/09/2021 - 02:00. Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. If successfully on stream by summer 2021 as its designers hope, the service should drive not only increased transparency but also increased accountability.

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Australia Court Fines Mercer $7.4 Million for Misleading Sustainable Investment Claims

ESG Today

million) penalty for making false claims about some of its sustainable investment options. The ASIC suit formed part of a series of a series of greenwashing-focused actions by the regulator, including cases against superannuation fund Active Super and Vanguard Investments. million ($USD7.4

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ESG funds pouring millions into meat company linked to Brazil deforestation

Corporate Knights

. - Ashley Thomson, Global Witness’s US Senior Policy Advisor Similar concerns have also been raised by Tariq Fancy, BlackRock’s former sustainable investment chief, who criticised the firm for “misleading investors” by using the ESG label, calling it a “dangerous placebo”. JBS is widely regarded as an ESG pariah.