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Proposed EU Financial Services Commissioner to Push for Sustainable Investment Product Labels, Reduced Reporting Burdens

ESG Today

In its review, however, the Commission expressed concern that the Article 8 and 9 classifications were being used as de-facto sustainability quality labels, raising potential greenwashing risks. That is why if I am confirmed, I will look into the possibility of creating a proper labelling system.”

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How Millennials Can Make an Impact With Their Money

3BL Media

According to a 2021 survey by Morgan Stanley, 99 percent of millennials surveyed were interested in sustainable investing, an all-time high. Interest in sustainability persisted despite the COVID-19 pandemic and climate change is the key focus. Read Lana's full article here - [link]. Here's how. .

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EC Leaning Toward New SFDR Categories

Chris Hall

The European Commissions DG FISMA has emphasised the merits of replacing the Sustainable Finance Disclosure Regulations (SFDR) existing Article 8 and Article 9 labels with formal categories based on clearer criteria. Therefore, replacing this current framework with actual categories with clear criteria is a possibility.

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SFDR: Market Divided on Future of Article 8, 9 Funds

Chris Hall

Market participants flag importance of double materiality to enhance Article 8/9 definition alignment, stress need to recognise transition strategies. Risk of uncertainty French asset manager Mirova’s response said the current definition of Article 8 products is “too broad”, while the definition of Article 9 is “too narrow”.

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HSBC, IFC Launch SDG-Focused Emerging Markets Sustainable Corporate Bond Fund

ESG Today

The agreement marks a continued collaboration between HSBC and IFC, following the previous joint launch of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), which reached investor commitments of nearly $540 million at final close in 2022.

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The nuclear option

Corporate Knights

Is the nuclear industry using a smokescreen of net-zero to cover up its sustainability problems? After months of contentious debate, the EU agreed to add natural gas and nuclear to its EU taxonomy, the official list of acceptable sustainable investments to help Europe finance its ambitious climate goals.

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How the US Is Running Away with Green Investment

Chris Hall

With the looming Paris Agreement goal of reducing greenhouse gas emissions by at least 43% by 2030, nations are adopting different approaches to stimulating their green economy and encouraging sustainable investment. The UK, meanwhile, is trailing behind in terms of green investment.