Environmental News Bits

MARCH 5, 2024

Global investor interest in sustainable investments has continued to rise in the past few years, with 54% of investors anticipating increasing their sustainable investments portfolio in 2024, according to a Morgan Stanley survey.

Sustainable Investment 40

Sustainable Investment Greenwashing Impact Investing 40

Chris Hall

JANUARY 30, 2024

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.

Greenwashing 59

Greenwashing Sustainable Investment Chief Sustainability Officer Development 59

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.

Greenwashing 52

Greenwashing Sustainable Investment Banking Impact Investing 52

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. .

Greenwashing 52

Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

ESG Today

MARCH 6, 2024

— NY AG James (@NewYorkStateAG) February 28, 2024 Agriculture has emerged as a major focus area for climate action, as the sector accounts for a significant proportion of global greenhouse gas (GHG) emissions, and among the most difficult areas to address climate impact.

Greenwashing 91

Greenwashing Net Zero Supply Chains Supply Chain 91

Environmental Finance

JANUARY 3, 2024

Looming elections and burgeoning disclosure regimes point to a slowdown in sustainable finance policymaking, but the spectre of fines for greenwashing is on the rise, Michael Hurley writes

Greenwashing 64

Greenwashing 64

ESG Today

NOVEMBER 13, 2023

We expect 2024 to be about ESG accountability and an era where investor-corporate dialogue will be vital, 60% of investors hold companies answerable on ESG, while 40% of executives face ESG questions on over half their investor calls.

Greenwashing 108

Greenwashing Supply Chains Supply Chain Net Zero 108

Cisco CSR

JANUARY 30, 2024

You can’t greenwash AI. In 2024, organizations will have greater clarity and insights into achieving sustainability outcomes. In 2024, measurable commitments to sustainability have become table s… Read more on Cisco Blogs

Greenwashing 52

Greenwashing 52

ESG Today

MAY 5, 2024

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.

Chief Sustainability Officer 87

Chief Sustainability Officer Greenwashing Decarbonize Digitalization 87

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.

Green Bonds 147

Green Bonds Greenwashing Net Zero Climate Change 147

Chris Hall

MAY 28, 2024

Between January 2020 and December 2021, the EU watchdog identified 191 European companies involved in 933 misleading communication incidents – 70% of which involved greenwashing. In Q1 2024, only 439 funds were recategorised, compared to 945 over the same period last year.

Greenwashing 64

Greenwashing Sustainable Investment 64

ESG Today

OCTOBER 25, 2023

Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’

Sustainable Investment 114

Sustainable Investment Greenwashing 114

Corporate Knights

JANUARY 23, 2024

Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account. Addressing the UN General Assembly in 2022, Secretary-General António Guterres took aim at the “massive PR machine raking in billions to shield the fossil fuel industry from scrutiny.”

Greenwashing 345

Greenwashing Net Zero Climate Change Digitalization 345

ESG Today

DECEMBER 17, 2023

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; (..)

Greenwashing 99

Greenwashing Decarbonize Supply Chains Supply Chain 99

Chris Hall

JULY 5, 2022

Susanna Arus, EU Public Affairs Manager at Frank Bold , said the Corporate Sustainability Reporting Directive (CSRD) – which updates the 2014 Non-Financial Reporting Directive (NFRD) and comes into force on 1 January 2024 – could create a ‘two-speed Europe’. Greenwashing is over.

Net Zero 52

Net Zero Paris Agreement Supply Chains Supply Chain 52

ESG Today

JULY 2, 2023

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 (..)

Greenwashing 98

Greenwashing Net Zero Decarbonize Shipping 98

Chris Hall

NOVEMBER 29, 2023

Anti-greenwashing rules and guidance may become “diamond standard”. Anti-greenwashing guidance proposed by the UK Financial Conduct Authority (FCA), as well as the promise of extending the finalised Sustainability Disclosure Requirements (SDRs) to pension products, has been welcomed by the investment industry.

Greenwashing 80

Greenwashing Net Zero Development Impact Investing 80

ESG Today

JANUARY 29, 2024

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.

Green Bonds 84

Green Bonds Greenwashing Social Sustainability Decarbonize 84

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. The University of Oxford’s Oxford Sustainable Law Programme ( SLP) report noted that litigation against corporations and financial institutions is in its early stages.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Chris Hall

OCTOBER 25, 2022

The Financial Conduct Authority (FCA) has published its much-anticipated consultation outlining measures to tackle greenwashing, including the introduction of three categories for sustainable investments. Greenwashing misleads consumers and erodes trust in all ESG products,” said Sacha Sadan, FCA’s Director of ESG. .

Greenwashing 98

Greenwashing Sustainable Investment Net Zero COP26 98

ESG Today

APRIL 21, 2023

The statement added that the green bond program is expected to begin in mid-2024, following the development of a Green Bond Framework.

Green Bonds 102

Green Bonds Net Zero Greenwashing Climate Change 102

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 (..)

Supply Chains 88

Supply Chains Supply Chain Chief Sustainability Officer Green Bonds 88

Chris Hall

MARCH 15, 2024

Also, without regulatory inspection, providers’ self-serving measures make ratings less credible for everyone; this is one of the most crucial issues that must be addressed in 2024. Concerns around greenwashing ESG ratings represent the most obvious method of measuring a company’s sustainability practices.

Greenwashing 59

Greenwashing Development 59

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. The University of Oxford’s Oxford Sustainable Law Programme ( SLP) report noted that litigation against corporations and financial institutions is in its early stages.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

3BL Media

DECEMBER 19, 2022

 This latest move, meant to end greenwashing and empower the European Union’s (EU) social market economy, requires companies to disclose environmental, social and governance matters that align with the EU’s climate goals. SMEs can opt out until 2028.

Greenwashing 130

Greenwashing Development 130

Sustainable Development Network

MARCH 28, 2024

On 25 March 2024, SDSN Kenya joined WRI Africa and other Kenyan partner organizations in co-hosting an interactive workshop and debate format entitled: ‘Carbon Markets: Which Way for Kenya? A Carbon Markets Clinic and Debate’.

Paris Agreement 95

Paris Agreement Net Zero Zero Carbon Greenwashing 95

Sustainability Matters

APRIL 23, 2024

This week marked Earth Day 2024 , and as we navigate an increasingly data-driven landscape and harness the burgeoning power of artificial intelligence, there are few justifications for organisations to not manage and report their environmental, social and governance (ESG) data with enhanced efficiency and transparency.

Greenwashing 52

Greenwashing Analytics Paris Agreement Supply Chains 52

Just Capital

MARCH 8, 2024

As an example, we’re excited to report that the energy company Avangrid (NYSE:AG) – a 2024 JUST 100 member ranking 12th overall and #1 in the utilities industry – announced this week it is joining our Worker Financial Wellness Initiative. But how do they know if a company is truly aligned with their values or just greenwashing?

Greenwashing 59

Greenwashing 59

Chris Hall

FEBRUARY 16, 2024

PS23/16 and GC23/03: UK sustainability disclosure rules and anti-greenwashing rules guidance issued 28 November, consisted of a framework for UK sustainability disclosure requirements (SDRs) and a labelling regime. Where next during 2024?

Climate Change 64

Climate Change Greenwashing Development Supply Chains 64

Corporate Knights

APRIL 18, 2024

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. A dria Vasil is the managing editor of Corporate Knights. Jessica Scott-Reid writes about animal welfare an d plant-based food.

Net Zero 363

Net Zero Regenerative Carbon Offsets Supply Chains 363

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; (..)

Supply Chains 101

Supply Chains Supply Chain Banking Greenwashing 101

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.

Climate Change 147

Climate Change Net Zero Greenwashing Banking 147

ESG Today

FEBRUARY 21, 2023

In the supply chain, the regulator proposes ESG disclosures according to the BRSR Core for the top 250 companies on a comply-or-explain basis beginning in 2024, with assurance beginning the following year.

Supply Chains 89

Supply Chains Supply Chain Greenwashing Climate Change 89

3BL Media

AUGUST 2, 2023

4 While these credits are intended to help companies meet their climate goals, it is imperative to ensure the quality and transparency of them in order to achieve genuine emission reductions and to avoid greenwashing. The government will also be moving forward with ESG disclosure requirements for federally regulated pension plans.

Net Zero 130

Net Zero Carbon Offsets Greenwashing Analytics 130

3BL Media

NOVEMBER 14, 2023

Though the majority said “greenwashing” makes ESG goals increasingly difficult to articulate, 73% believe the benefits are worth the commitment and associated scrutiny. Interoperability of regulations (15%) and climate risk assessments (12%) for investors, measuring impact and litigation risks for corporations are top of mind for 2024.

Greenwashing 147

Greenwashing Development 147

ESG Today

JUNE 22, 2022

Greenwashing is over.”. The CSRD rules will apply to companies already covered by the NFRD at the beginning of 2024, and for other large companies in the following year. This means more transparency for citizens, consumers and investors.

Greenwashing 131

Greenwashing Development 131

Chris Hall

MAY 10, 2024

By the end of the 2024 AGM season, ShareAction will have asked a total 24 questions at the AGMs of 17 European banks this year, including eight specifically focused on green finance. The advocacy has indicated its intention to attend the upcoming AGMs of BNP Paribas (14 May), Crédit Agricole and Société Générale (22 May).

Banking 59

Banking Greenwashing 59