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German Article 8 Funds Grow by a Fifth

Chris Hall

A rebound in Article 8 and 9 products over past year leaves sustainable funds accounting for the majority of the German market, according to Scope Ratings. This means the number and assets under management (AUM) of light green (Article 8) and dark green (Article 9) products had increased again so far this year. trillion (US$4.73

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EU Watchdogs Ask for Input on Greenwashing Risks

Chris Hall

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. .

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Investors Caught Between Greenwashing and Green Blushing

Chris Hall

The global investment community is walking a “tightrope” between greenwashing and green blushing as it strives to stay abreast of regulatory developments that continuously ramp up accountability on sustainable investing, industry sources have sad.

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Much to Learn for EU Regulators on Greenwashing

Chris Hall

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.

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SFDR II Must Deliver “Simplicity”

Chris Hall

Bioy said that the two biggest issues with SFDR in its current form are its “complexity and lack of minimum standards, especially for Article 8.” Article 8 funds promote “environmental and/or social characteristics”, provided that companies in which the investments are made follow good governance practices.

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Sustainable Funds Suffer First Net Outflows in Q4

Chris Hall

Greenwashing concerns In Q4 2022 , sustainable fund flows attracted US$37 billion and assets reached US$2.5 billion (US$29 billion) of outflows in Q4, while Article 9 funds suffered first-ever quarterly outflows of €4.7 Article 6 funds experienced net inflows of €15.7 trillion globally.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

Those guidelines are due to be released in 2024. Now, it’s being taken up by a multilateral panel that is expected to report in 2024 if all goes well. The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Paris agreement, and for Indigenous participation in fossil fuel projects.