ESG Today

DECEMBER 21, 2022

The Council stated that the proposals form part of efforts to prevent greenwashing, or the mischaracterization or exaggeration of the sustainability characteristics and attributes of financial products and services. Click here to access the greenwashing position paper and the sustainable finance report.

Greenwashing 135

Greenwashing Sustainable Investment Green Bonds 135

Corporate Knights

JANUARY 10, 2024

Despite record oil-company profits and a surge in military share prices stemming from instability in the Middle East, most sustainable investments have quietly outperformed in 2023. We saw the benefits in 2023 with huge growth in green jobs in the U.S. 19% 95% 2023-08-31 iShares ESG MSCI EAFE Leaders Index ETF (XDLR) 94.9%

Sustainable Investment 331

Sustainable Investment Divestment Negative Screening Greenwashing 331

ESG Today

NOVEMBER 3, 2024

million pounds of plastic from flights; KKR, ECP to invest $50 billion in datacenter capacity and power generation; law firms ramp up ESG training for lawyers; capital raises for sustainable heating, industrial decarbonization, energy sector emissions solutions, and more. Copper Mine Operations to Renewable Diesel Southwest Airlines Eliminates 1.5

Greenwashing 119

Greenwashing Green Bonds Decarbonize Supply Chains 119

ESG Today

JUNE 26, 2024

The government of Canada passed a series of new rules into law aimed at tackling greenwashing, or unsupported claims by companies about the environmental benefits of their products or business activities.

Greenwashing 115

Greenwashing Climate Change 115

ESG Today

MAY 17, 2023

A legal action filed by a group of environmental organizations with greenwashing claims against energy giant TotalEnergies will be permitted to proceed in the Paris judicial court, a pre-trial judge ruled today, clearing a major hurdle for the lawsuit. It is therefore wrong to claim that our strategy is “greenwashing”.”

Greenwashing 115

Greenwashing Net Zero 115

Corporate Knights

DECEMBER 14, 2022

The US SIF says this more cautious approach was at least partly triggered by recent US Securities and Exchange Commission (SEC) proposals to crack down on greenwashing by ramping up standards on the names and disclosure requirements for ESG funds. Europe, Canada, Australia and Japan grew to US$35.3 trillion in 2020 from US$22.8

Sustainable Investment 363

Sustainable Investment Greenwashing Green Investing Development 363

ESG Today

NOVEMBER 6, 2024

In her confirmation hearing on Wednesday, Albuquerque expressed her position that the EU’s Sustainable Finance Disclosure Regulation (SFDR) could more effectively address greenwashing risk with the introduction of a labelling regime that communicated clearly the sustainability attributes of investment products.

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Sustainable Investment Greenwashing Green Investing 103

ESG Today

MARCH 28, 2024

The cases follow a warning by ASIC Chair Joseph Longo to providers of investment funds and financial products that the regulator was watching out for misleading sustainability claims, and that it was providing guidance for fund managers and issuers to keep clear of greenwashing.

Greenwashing 111

Greenwashing Sustainable Investment 111

ESG Today

JUNE 19, 2024

Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.

Greenwashing 101

Greenwashing Sustainable Investment Development 101

ESG Today

DECEMBER 16, 2024

Initially unveiled in 2023 , and forming part of SAP Sustainability solutions, the new solution provides a carbon accounting system that directly integrates with a companys financial data, according to SAP, by allocating emissions to economic activities and transactions captured by SAPs ERP solutions.

Supply Chains 105

Supply Chains Supply Chain Greenwashing Decarbonize 105

3BL Media

JANUARY 11, 2023

2023 Outlook: Global ESG. Thu, 01/12/2023 - 11:00. In 2023, we expect more pressure for stewardship accountability as activism builds, credible disclosure shifts the focus to performance and regulatory scrutiny in Europe prompts stronger products and flows while the US faces rockier roads. Type of Content. Standard Format.

Greenwashing 130

Greenwashing 130

ESG Today

JUNE 21, 2023

By: Rob Fisher, Maura Hodge, and Bridget Beals, KPMG From top companies committing to net-zero emissions targets to national and international bodies crafting standards and regulations, reporting on ESG topics is quickly becoming a norm of doing business in 2023. Final rulings on both topics are slated for fall 2023.

Greenwashing 116

Greenwashing Principal Adverse Impact Indicators Carbon Offsets Net Zero 116

ESG Today

JULY 28, 2022

Introducing the new rules at a media conference on Thursday, MAS Managing Director Ravi Menon said that the new rules were aimed at enabling investors to better understand the ESG aspects of the funds they invest in, and to reduce the risk of greenwashing, or the exaggeration or misrepresentation of the sustainability attributes of the funds.

Greenwashing 116

Greenwashing Banking 116

ESG Today

APRIL 24, 2024

Sacha Sadan, FCA’s Director of Environmental, Social and Governance, said: “Confirming the new anti-greenwashing guidance and our proposals to extend the Sustainability Disclosure Requirements and investment labels regime are important milestones that maintain the UK’s place at the forefront of sustainable investment.

Greenwashing 113

Greenwashing Sustainable Investment Development 113

ESG Today

JUNE 5, 2024

Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs).

Greenwashing 109

Greenwashing Banking Sustainable Investment 109

Corporate Knights

JANUARY 8, 2025

Hundreds of RI funds have been winding down in the United States and Europe in 2024 alone, and product development slowed significantly in the first nine months of the year when, according to Morningstar data , 246 new funds came to market globally, compared with 444 over the same period in 2023. Thats down from 31 in 2023.

Greenwashing 295

Greenwashing Climate Change Net Zero Financial Planner 295

ESG Today

NOVEMBER 18, 2024

Alongside the launch of the draft legislation, the UK finance ministry, HM Treasury, issued its response to the 2023 consultation, which found broad market support for the regulation, with 95% of respondents – including 87% of ratings providers themselves – agreeing that regulation should be introduced for ESG ratings providers.

Greenwashing 119

Greenwashing Development 119

ESG Today

JANUARY 10, 2023

The report highlighted particular risk for speculative-grade non-financial companies in sectors including consumer products, restaurants and retail, as well as for lower-rated sovereigns with large 2023 maturities. Click here to access Moody’s 2023 ESG Outlook.

Decarbonize 136

Decarbonize Net Zero Supply Chains Supply Chain 136

3BL Media

JULY 12, 2023

A recent study by Brand Finance reveals that the world's biggest brands are at risk of losing billions of dollars if their perceived sustainability doesn't match their actual sustainability performance.

Greenwashing 130

Greenwashing Corporate Social Responsibility Banking 130

CSR Hub

JULY 12, 2023

A recent study by Brand Finance reveals that the world's biggest brands are at risk of losing billions of dollars if their perceived sustainability doesn't match their actual sustainability performance.

Greenwashing 130

Greenwashing 130

ESG Today

JUNE 11, 2024

The update also adds several instances of alleged greenwashing by the companies to the complaint, through which the state claims that the companies misleadingly portrayed themselves and their fossil fuel products as environmentally friendly, or less environmentally damaging than they actually are.

Greenwashing 111

Greenwashing Climate Change 111

ESG Today

DECEMBER 12, 2023

Australia’s competition regulator the Australian Competition and Consumer Commission (ACCC) announced today the release of its final guidance on environmental claims, aimed at helping companies comply with rules to avoid misleading green marketing and advertising green claims, and protecting consumers from greenwashing.

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Greenwashing Development 105

ESG Today

JUNE 17, 2024

The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services.

Greenwashing 116

Greenwashing Net Zero Carbon Offsets Climate Change 116

ESG Today

JUNE 7, 2023

link] pic.twitter.com/HSEid8cA34 — ASA (@ASA_UK) June 7, 2023 The regulator did not uphold challenges to Shell’s claim about providing renewable electricity to homes, as Shell had substantiated the claims. The post UK Bans Shell, Petronas, Repsol Ads in Greenwashing Crackdown first appeared on ESG Today.

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Greenwashing Net Zero Zero Carbon Development 124

ESG Today

APRIL 30, 2025

Royal Bank of Canada (RBC) announced that it has decided to drop its target to mobilize $500 billion in sustainable finance, and has held off on providing some climate finance-related disclosures, following changes to greenwashing regulations in Canada. RBC set a goal in 2021 to mobilize $500 billion in sustainable finance by 2025.

Greenwashing 83

Greenwashing Banking Development 83

Financial Times: Moral Money

JANUARY 6, 2024

Three funds taken to court over erroneous claims in 2023 with more action to come

Greenwashing 111

Greenwashing 111

Financial Times: Moral Money

APRIL 2, 2025

Penalty against DWS imposed by German prosecutors follows 19mn settlement with US authorities in 2023

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Greenwashing 111

ESG Today

FEBRUARY 3, 2025

Adopted by the EU in November 2023 , and taking effect in December 2024, the EuGB regulation was launched by the European Commission to establish a gold standard for green bonds, in order to combat greenwashing and advance the sustainable finance market in the EU.

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Green Bonds Greenwashing Banking Development 111

Corporate Knights

NOVEMBER 28, 2022

A new report says that trend has reversed itself in the last two years, as the industry struggles to respond to allegations of greenwashing and a tougher regulatory environment. . welcomed this reclassification, saying it will help bring an end to industry greenwashing. . More to be done on responsible investing.

Greenwashing 264

Greenwashing Negative Screening Positive Screening Impact Investing 264

Chris Hall

JULY 26, 2023

Investor demand for green, social, sustainability, sustainability-linked and transition bonds (GSS+) has surged in H1 2023, with regulatory developments bringing greater transparency and confidence to the market. In H1 2023, APAC saw US$95.7 This total was comprised of US$351 in green bonds, US$98.9 billion in social bonds and US$39.3

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Green Bonds Greenwashing Social Sustainability Development 98

ESG Today

MAY 3, 2023

The European Council announced today the adoption of its negotiating position on new proposed rules requiring companies to substantiate and verify their environmental claims and labels, aimed at protecting consumers from greenwashing, which includes a ban on generic environmental claims, such as ‘eco-friendly’, ‘green’, or ‘climate neutral.’

Greenwashing 105

Greenwashing Digitalization 105

ESG Today

AUGUST 15, 2023

Source: ASIC According to the ASIC allegations, however, the fund held 28 holdings which exposed members to these areas between February 2021 and June 2023, including holdings in casino operator Skycity Entertainment Group, tobacco company Amcor, and Russian oil and gas companies Gazprom and Rosneft.

Greenwashing 98

Greenwashing 98

ESG Today

NOVEMBER 7, 2024

The CMA’s probe into Unilever formed part the regulator’s broader greenwashing investigation into whether consumers are being misled by the sustainability claims in the marketing of products and services, with an initial review of companies in the fast-moving consumer goods (FMCG) sector uncovering “a range of concerning practices.”

Greenwashing 105

Greenwashing 105

Chris Hall

MARCH 20, 2024

Reclaim Finance calls for increased anti-greenwashing regulation for fund managers, and collaboration with index providers. According to research by data provider Morningstar, passive strategies represented almost a quarter of ESG fund assets globally in 2023.

Greenwashing 72

Greenwashing Net Zero Sustainable Investment Development 72

3BL Media

JANUARY 11, 2023

The 10 Big Things To Watch Across World’s Energy Markets in 2023. Wed, 01/11/2023 - 14:05. BloombergNEF has analyzed these and other key developments, and here we look forward to what might be coming in 2023. As road and air traffic rebound, the International Energy Agency estimates China’s 2023 oil demand to climb by about 0.78

Supply Chains 130

Supply Chains Supply Chain Paris Agreement Divestment 130

Chris Hall

OCTOBER 11, 2024

Rising levels of sustainability-focused regulation and investor scrutiny have contributed to a decline in greenwashing activities by companies. A new report from date science firm RepRisk highlighted a 12% year-on-year decrease in companies linked to greenwashing – marking the first fall in six years.

Greenwashing 59

Greenwashing Climate Change Banking 59

ESG Today

FEBRUARY 2, 2023

By: Lyons O’Keeffe, ESG Director at IQ-EQ Environmental, social and governance (ESG) considerations and other social responsibility concerns will continue their growing influence in 2023. This year, we can expect regulations and enforcement to make greenwashing more ‘obvious’ and accordingly harder to get away with.

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Impact Investing Greenwashing 111