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.

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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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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).

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ESG Today

MAY 9, 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. billion of green bonds, 15.6

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Corporate Knights

NOVEMBER 4, 2024

The State of Massachusetts last year established a Community Climate Bank to fund low-carbon projects aimed at affordable rental housing agencies. Across North America, rental units represent roughly one-third of dwellings, and steep rent hikes in many metropolitan areas have added enormous strain to those household budgets.

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Corporate Knights

AUGUST 13, 2024

More than half of financial institutions with the largest exposure to deforestation, including BlackRock, Vanguard and State Street, are yet to publish a single policy on deforestation, according to Forest 500’s 2024 annual report. JBS hopes its dual listing, likely delayed to the second half of 2024, will increase its access to US capital.

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ESG Today

NOVEMBER 13, 2023

For the report, BI’s inaugural ESG Market Navigator, Bloomberg surveyed 250 C-suite executives across a wide range of sectors, and 250 senior investors including asset managers, wealth managers and investment banks, across North America, Europe and Asia Pacific.

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Corporate Knights

MARCH 3, 2025

Adopted in 2021 and coming into effect for the 2024 financial year, the CSRD is the regulatory framework requiring firms to file social and environmental data and impact reports. Here are the main rollbacks proposed in the initial package. But Maria van der Heide, head of EU policy at ShareAction, a U.K.-based

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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.

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Chris Hall

APRIL 11, 2025

Standardised approach aims to improve transparency, eliminate greenwashing risks around avoided or Scope 4 emissions. By promoting transparency and harmonisation, the group also hopes to mitigate greenwashing risk and build investor confidence in financing emissions avoidance solutions. It will be expanded over time.

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Chris Hall

FEBRUARY 5, 2024

Around 90% of EU banks are exposed to climate transition risks, recent analysis from the ECB shows. Banks globally are increasingly feeling two-pronged pressure from regulators and investors to up their climate ambition and stop financing fossil fuels.

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3BL Media

JANUARY 18, 2024

Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector.

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ESG Today

JANUARY 21, 2024

This week in ESG news: EU Parliament approves new anti-greenwashing law; investors urge Shell to set Paris-aligned climate targets; Barclays launches new sustainable banking, energy transition investment banking teams; PwC CEO survey finds companies upskilling workers for climate megatrend; Australia drafts law requiring mandatory climate reporting; (..)

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Corporate Knights

APRIL 18, 2024

And Tyson isn’t the only one banking on planet-friendly meat to keep consumers coming back to the butcher. Check back here as we roll out our Plant Power package this week, along with the release of the 2024 Spring issue of Corporate Knights. Walmart Canada stocks 2.5 A dria Vasil is the managing editor of Corporate Knights.

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Environmental Finance

OCTOBER 9, 2024

The number of incidents of greenwashing in the banking and financial sectors decreased by 27% in 2024, amid increasing regulation in Europe and the ESG backlash in the US, research has shown

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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. .

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Chris Hall

JUNE 15, 2023

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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Chris Hall

MAY 10, 2024

NGO ShareAction has declared it will continue to aid investors in their push for transparency into HSBC’s green finance investment pledge, highlighting endemic issues across the banking sector. We also want the bank to hear from shareholders directly. times by 2030.

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Chris Hall

JANUARY 28, 2022

Once approved by the European Commission, banks will have to start making climate disclosures in 2023, with full phase-in by June 2024. The European Banking Authority (EBA) has published its final standards for how European banks will have to disclose their contribution to the region’s climate targets.

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ESG Today

FEBRUARY 25, 2024

This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)

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Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve. Robert Clarke, Lawyer at environmental law firm ClientEarth, said investors should consider direct legal action a real possibility.

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3BL Media

DECEMBER 20, 2023

After years of negotiation, the fund, which will launch in 2024, received pledges of more than US$700 million from countries at the event. The World Bank, for example, has committed to allocating 45% of its capital to climate-related transactions. Some institutions are stepping up their involvement in climate finance.

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3BL Media

JANUARY 24, 2024

Assurance over corporate climate disclosure is critical to prevent greenwashing and ensure that investors can make decisions promoting long-term shareholder value and economic growth.” Institutional investors have made it clear that they need consistent, comparable, decision-useful climate data,” said Steven M.

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Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” Those guidelines are due to be released in 2024. We are bending the curve on Canada’s fight on pollution.” That work was meant to conclude by 2020.

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Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve.

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James Militzer

DECEMBER 2, 2024

Pioneering microfinance firms such as Grameen Bank in Bangladesh received subsidies and initial funding from development finance institutions and foundations, which allowed them to gradually scale their businesses. The bank has achieved a recovery rate of over 96%, which is significantly higher than traditional banking systems.

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Chris Hall

DECEMBER 1, 2023

Progress had been grindingly slow until a breakthrough in the run-up to COP28, which paved the way for a deal on the opening day, effectively giving the green light for grant-based funding, facilitated initially by the World Bank, raising transparency concerns for some.

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Chris Hall

JANUARY 23, 2022

Taxonomy aims to enable the financial sector to classify green activities, facilitate monitoring of credit and investment flows, and prevent greenwashing. He said the target is for MSMEs to be getting at least 30% of their credit from the banking industry by 2024, compared to 20% currently. “To

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Stanford Social Innovation

FEBRUARY 26, 2024

In January 2024, over 300 organizations globally, from across industries and the financial sector, committed to nature-related disclosures based on TNFD’s recommendations, published just months prior. Thirdly, central banks and financial institutions increasingly view biodiversity loss as a systemic risk to financial systems.

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Chris Hall

DECEMBER 5, 2024

in Q2 2024. European firms are increasingly struggling to compete globally, as highlighted by former president of the European Central Bank (ECB) Mario Draghis recent landmark report. In the second quarter of 2024, the euro area’s saving rate reached 15.7%, up from 15.2%

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Chris Hall

SEPTEMBER 11, 2023

“Our recommendations aim to align these objectives with government policy, tracking progress, consumer protection, national and local actions, private sector engagement, and international efforts,” she said. “By carefully considering these aspects, the UK can harness the power of its taxonomy to drive sustainable and green investments while preventing (..)

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Chris Hall

MARCH 1, 2024

Beginning in fiscal year 2024, federally-regulated financial institutions in Canada – including banks and insurance companies – are already mandated to report on climate-related financial risks. March 2024 sees the publication of the CSSB’s proposed Canadian Sustainability Disclosure Standards (CSDS) 1 and 2.

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Net Zero Banking Supply Chain Supply Chains 59

Chris Hall

MARCH 13, 2025

Niche to mainstream evolution Storebrand stated that the fund was the first commercial green bond fund, building on the first ever green bond issued by the World Bank in 2008. On 31st December 2024, cumulative GSS+ bond volumes stood at US$5.7 Storebrands fund is an actively managed fixed-income fund that invests in green bonds.

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Green Bonds Greenwashing Supply Chain Supply Chains 59

We Mean Business Coalition

AUGUST 23, 2023

The EU Green Taxonomy was designed to accelerate the flow of money into green companies and projects, while simultaneously protecting investors from greenwashing accusations. The CSRD has already been adopted and will kick in from reporting year 2024.

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Chris Hall

APRIL 19, 2024

Help yourself – Transition planners were given further guidance this week, with a slew of reports from the Network for Greening the Financial System (NGFS), a collective of central banks and financial markets supervisors focused on green finance.

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Net Zero Greenwashing Development Banking 81

Chris Hall

DECEMBER 18, 2024

Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. He added that the bank was committed to overseeing the implementation process and the development of the initiative, throughout Azerbaijans COP29 presidency.

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Carlos Sanchez

DECEMBER 18, 2022

In 2022, the voice against “greenwashing” practices was clear and loud. Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. On top of that, they will be creating plans to comply as soon as by the 2024 reporting cycle (e.g.

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