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EU Regulators Find Growing Greenwashing Risk for Banks, Asset Managers

ESG Today

Key sources of greenwashing risk identified by the regulators included claims about sustainability impact and company engagement made by asset managers, litigation risk related to misleading ESG claims made by banks, and misleading product claims by pension and insurance providers.

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ESG Today: Week in Review

ESG Today

This week in ESG news: COP28 ends with first-ever agreement to transition away from fossil fuels; BlackRock identifies the low carbon transition as a 2024 investment “mega force”; BCG signs 15-year deal to capture carbon from atmosphere; EU lawmakers reach landmark deal on law to address human rights & environmental impact in corporate value chains; (..)

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ESG Today: Week in Review

ESG Today

Million Carbonfact Raises $15 Million for Emissions Reporting Solution for Fashion Industry U.S. Million Carbonfact Raises $15 Million for Emissions Reporting Solution for Fashion Industry U.S.

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ESG Today: Week in Review

ESG Today

This week in ESG news: IFRS releases global sustainability and climate reporting standards; Australia to introduce mandatory climate disclosure beginning 2024; AstraZeneca announces $400 million reforestation and biodiversity investment; IBM survey finds surge in CEOs with pay tied to ESG goals; UK environment minister quits over government’s climate (..)

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ESG Today: Week in Review

ESG Today

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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Moody’s Forecasts Resilient Sustainable Bond Market, with Cleantech Investment Offset by Soft Macro Environment

ESG Today

For 2024, Moody’s forecasts the GSSS market to hold steady at around $950 billion, as increased investment in and adoption of green technologies help the market maintain resilience in the face of an environment of higher-for-longer interest rates and moderating economic growth. election on federal climate policy clouding the issuance outlook.

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Green building labels need a renovation

Corporate Knights

In some instances, they may amount to so-called ‘greenwashing’ with consumers effectively being deluded into thinking their ‘energy efficient’ home represents a better outcome for the environment.”. By 2024, New York will also have an all-electric building regulation.