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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 2019, according to a new report from the US Forum for Sustainable and Responsible Investment (US SIF). Sustainable investing assets skyrocket post 2014. trillion at the end of 2021 from US$17.1

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Switzerland to Address Greenwashing with Sustainable Investment Label Rules

ESG Today

Financial products and funds labelled as ‘sustainable,’ green,’ or ‘ESG’ on Swiss financial markets will be required to align or contribute to specific sustainability goals, with providers required to disclose how they intend to achieve the goals, according to new proposed rules unveiled by the Swiss Federal Council.

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FCA Proposes Anti-Greenwashing and Sustainability Disclosure Rules for Portfolio Managers

ESG Today

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.

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Passive Funds Linked to Greenwashing

Chris Hall

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.

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Australia Court Finds Vanguard Guilty in Greenwashing Suit

ESG Today

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.

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European Regulators Launch Greenwashing Study

ESG Today

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced today a Call for Evidence on greenwashing, aimed at gathering information on greenwashing risks and practices across the banking, insurance and financial markets sectors.

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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. We are interested in sustainability not because we are environmentalists, but because we are capitalists and fiduciaries to our clients.” Who said that?