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To boost competitiveness, Europe proposes slashing key climate rules

Corporate Knights

RELATED Canadian investors stand firm on ESG despite greenhushing trend, report finds The anti-DEI movement confronts an unlikely opponent: big banks Meet the four most sustainable funds on the market for 2025 Deadlines to submit reports starting in 2026 will be pushed back to 2028.

Net Zero 147
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Seven sustainable finance predictions for 2025

Corporate Knights

Aconsequence of this pushback came on New Years Eve, when global financial behemoths Bank of America and Citigroup left the Net-Zero Banking Alliance, one of the investment industry climate coalitions championed by the United Nations. What does this mean for the year ahead?

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EU ‘green’ label for gas and nuclear sparks sustainable investing crisis

Corporate Knights

I’m reminded of this debate amid the current turmoil over a green investment label in Europe, a situation caused largely by the unwillingness of the sustainable investment sector to create its own industry standard. Werner Hoyer, president of the European Investment Bank.

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Feds roll out climate requirements for companies that receive big government contracts

Corporate Knights

The taxonomy will be used as a benchmark for banks, pension funds and other financial institutions that have their own climate targets and want to align their lending and investment with a net-zero target for 2050. The government is expected to release that report in the coming days. C scenarios, Routledge said.

Net Zero 325
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Banks Must Radically Change Climate Perspective

Chris Hall

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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Greenwashing Risk Grows in China ESG Funds

Chris Hall

Chinese asset managers are improving ESG awareness, but weak regulation means green claims often don’t match reality, says Greenpeace. Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found.

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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

The minister commended the work of the Sustainable Finance Action Council (SFAC), a body comprising the country’s largest banks, pension funds and insurance companies that has recommended that Canadian corporations be required to disclose their climate-related risks and have a transition plan for addressing them.