Financial Times: Moral Money

SEPTEMBER 20, 2023

Brussels to crack down on greenwashing of consumer products

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ESG Today

NOVEMBER 28, 2023

According to the FCA, the new rules come as investors increasingly seek investments with positive environmental and social impact, with global AUM in ESG-oriented funds anticipated to grow to $36 trillion by 2026, while around 70% of investors report lacking trust in the sustainability claims of investment products.

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ESG Today

APRIL 24, 2024

Firms with assets under management greater than £50 billion would be required to begin providing product-level disclosures under the SDR from December 2025, and those with AUM greater than £5 billion from December 2026. Our good and poor practice anti-greenwashing examples will help firms market their products in the right way.”

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ESG Today

MAY 28, 2024

The CSRD took effect from the beginning of 2024 for large public-interest companies with over 500 employees, followed by companies with more than 250 employees or €40 million in revenue in 2025, and is slated to take effect for listed SMEs in 2026.

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Corporate Knights

MARCH 13, 2024

When fully in place in 2026, the rule will require large, publicly listed companies to disclose their Scope 1 and Scope 2 greenhouse gas emissions from their direct operations and energy use if the emissions are sizeable enough to represent a material financial risk to the company.

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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.

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ESG Today

JUNE 22, 2022

Greenwashing is over.”. SMEs will also be required to provide sustainability disclosure beginning in 2026, while some SMEs will be able to opt out until 2028. This means more transparency for citizens, consumers and investors.

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3BL Media

NOVEMBER 27, 2023

SB 253 requires all businesses with revenues exceeding $1 billion operating in California to annually disclose their Scope 1 and 2 emissions, starting in 2026. Under SB 253, Scope 1 and 2 emissions will initially be subject to limited assurance from the first year of disclosure in 2026 and reasonable assurance starting in 2030.

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ESG Today

JUNE 8, 2023

trillion in 2021, with PwC forecasting the pace of growth to increase further, with a 2026 base case AUM forecast of $2.7 were also found to be strongly in favor of the development of a “US Taxonomy,” similar to those underway in the EU and UK, to help identify sustainable economic activities and help avoid greenwashing.

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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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Supply Chains Supply Chain Chief Sustainability Officer Green Bonds 109

3BL Media

JANUARY 18, 2024

The measures in sum: The package of measures is intended to improve trust and transparency in the market for sustainable investment products and minimize greenwashing. The proposed guidance is designed to help firms better understand the FCA’s expectations under the anti-greenwashing rule and other associated requirements.

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Green Bonds Greenwashing Net Zero Climate Change 147

Corporate Knights

JANUARY 17, 2023

In May 2022, Carlos Calvo Ambel, a senior director of the Transport & Environment environmental campaign group, called the band Coldplay “useful idiots for greenwashing” Neste’s image. A lot of the time, it has been in the news for reasons that make management cringe. I see a lot of long-term potential in new technologies,” he says.

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Supply Chains Supply Chain Decarbonize Net Zero 259

Chris Hall

MARCH 15, 2024

But as these moves come under greater scrutiny and regulators and investors take action against greenwashing, could we see a knock-on effect of green hushing and bleaching cause a shrinking universe of options for ESG investors? But could the fear of sanction or litigation for greenwashing cause unintended consequences?

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ESG Today

FEBRUARY 2, 2023

In 2023, regulatory scrutiny into funds’ aims, names and stated impact will intensify in order to direct capital more effectively toward sustainable 2050 targets and to curb greenwashing and over-promising. This year, we can expect regulations and enforcement to make greenwashing more ‘obvious’ and accordingly harder to get away with.

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Chris Hall

MAY 17, 2024

European regulators have ratcheted up efforts to eliminate greenwashing from the investment sector. End of an era I – The fight against greenwashing inched ahead with the release of final guidelines for naming ESG- or sustainability-related funds by the European Securities and Markets Authority (ESMA).

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Chris Hall

JULY 18, 2024

In addition, while SFDR was designed to enhance transparency around sustainability, Article 8 and 9 disclosure requirements have been used “in marketing material as ‘quality labels’ for sustainability, consequently posing greenwashing and mis-selling risks”.

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Chris Hall

FEBRUARY 24, 2023

This “reasonable assurance” requirement will apply to the top 250 companies by market cap for fiscal year 2023-2024, the top 500 companies for fiscal year 2024-2025, and the top 1,000 companies for fiscal year 2025-2026. The remaining investments can be in other BRSR reporting companies.

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Chris Hall

NOVEMBER 1, 2023

trillion by 2026, up from US$18.4 A 2022 PwC report noted that investors globally are expected to increase their ESG-related assets under management across mandates, mutual funds and private markets to US$33.9 trillion in 2021.

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Chris Hall

MAY 31, 2024

Dr Torsten Schwarze, Partner at Morgan Lewis, explains how two EU directives will shape Europe’s legal framework to restrict greenwashing. In this article, we summarise the content of both and explain how they are intended to interact in the EU’s fight against greenwashing.

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Envirotec Magazine

NOVEMBER 17, 2023

The annual Sustainability Report produced by enterprise software firm SAP appears to reveal that 8 in 10 (83%) UK leaders will maintain or increase their investment in sustainability action by 2026. Yet, despite these intentions, UK businesses continue to create their own barriers to environmental progress, say the report’s authors.

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Chris Hall

MAY 26, 2023

Meanwhile, greenwashing remains a concern and risks undermining trust in ESG claims. These standards will be rolled out initially to large listed companies in 2024 with reporting expected in the next fiscal year, followed by other large companies in 2025 (reporting in 2026) and listed SMEs in 2026 (reporting in 2027).

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Chris Hall

SEPTEMBER 6, 2024

The Voluntary Carbon Markets Integrity Initiative (VCMI) was established in 2021 in response to concerns that companies making carbon neutrality claims based on their use of carbon credits to offset their emissions were greenwashing.

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Chris Hall

JULY 5, 2022

Listed SMEs, small and non-complex credit institutions and captive insurance undertakings must report in line with CSRD from 2026. “It Greenwashing is over. Firms already subject to the NFRD must comply with CSRD by January 2024, while large companies not reporting under the existing directive have an extra year.

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Chris Hall

APRIL 21, 2023

Moving forward, companies will have to report on their alignment to the new activities starting in 2025, while FMPs will need to disclose in 2026.

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Eco-Business

OCTOBER 7, 2024

As Asian firms scale up disclosures, the International Auditing and Assurance Standards Board (IAASB)'s guidance – effective from December 2026 – could help curb greenwash if backed by strong regulatory frameworks, say industry players.

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Greenwashing 11

ESG Today

MAY 7, 2023

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Arkema to Cut Emissions Across Value Chain by More than Half by 2030 New York Bans Fossil Fuels in New Buildings Starting 2026 TotalEnergies Sues Greenpeace Over Claims that Energy Giant Significantly Understates (..)

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Corporate Knights

OCTOBER 24, 2022

In it, they calculated their actual carbon footprint (116 MTCO2e, or metric tons of carbon dioxide equivalent, in 2021) and pledged to become “carbon negative” by their 30th anniversary in 2026 – a more ambitious goal than the Music Climate Pact that they also signed.

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Chris Hall

NOVEMBER 3, 2023

Following on, James d’Ath , the TNFD’s Head of Nature Data, warned that regulators were already beginning to “move away from self-regulation to more government-led requirements, due to concerns over greenwashing”.

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Sustainable Investment Climate Change Greenwashing Impact Investing 78

Chris Hall

DECEMBER 6, 2024

Bringing ESG ratings providers into regulation will boost investor confidence, reduce greenwashing, and address the lack of transparency highlighted in responses to the governments consultation.” ” A question of terminology The draft legislation itself contains few surprises.

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Analytics Net Zero Supply Chains Supply Chain 59

Chris Hall

JULY 5, 2023

A person close to the Australian Treasury understands that the ‘Finance Agenda’ consultation is likely to include disclosures, taxonomy, transition planning and greenwashing, including financial product labelling. Parker from RIAA welcomes the potential for a product labelling system in Australia.

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Net Zero Climate Change Paris Agreement Greenwashing 52

3BL Media

JANUARY 23, 2025

Only by moving from averages to actuals audited at reasonable assurance can freeriding and greenwashing be avoided, thereby protecting such valuable investment and our planet. CBAM will apply in its definitive regime from 2026. SAP Green Ledger delivers precisely that.

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Net Zero Supply Chains Supply Chain Manufacturing 130

Chris Hall

APRIL 14, 2025

Creating a level playing field for corporate reporting in the UK food sector stops greenwashing in terms of how food is being produced, meaning that [information about] whats happening downstream filters back upstream, she said.

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Chris Hall

APRIL 15, 2025

Mandatory climate disclosures came into force in Australia for large businesses at the start of this year, extending to medium-sized companies in July 2026. But we remain years from enforcing nature reporting across different jurisdictions.

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