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

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. The post Canada is falling behind in global race to attract sustainable investments: Guilbeault appeared first on Corporate Knights.

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

Corporate Knights

The federally appointed Sustainable Finance Action Council (SFAC) has submitted a report to the Department of Finance that lays out the key recommendations for the establishment of a transition taxonomy. The Canadian sustainable finance council comprises 25 institutions, including banks, pension funds, insurance companies and credit unions.

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

Corporate Knights

When I led Canada’s Social Investment Organization (SIO) in the early 2000s, one of our most important debates concerned the question of whether the organization should develop an industry-wide label for socially responsible investment, as sustainable investing was called back then.

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Take Five: Into the Stratosphere

Chris Hall

Many of the difficulties stem from how multilateral development banks (MDBs) operate and interact with the private sector, but one channel for private investment flows was also flagged as problematic this week. Perhaps more significant was the African Development Bank’s US$750 million issuance, which attracted 275 investors.

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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

“Our recommendations aim to align these objectives with government policy, tracking progress, consumer protection, national and local actions, private sector engagement, and international efforts,” she said. “By carefully considering these aspects, the UK can harness the power of its taxonomy to drive sustainable and green investments while preventing (..)

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Study of EU 100 largest companies shows streamlining and precision needed for optimal EU Green Taxonomy

We Mean Business Coalition

The EU Green Taxonomy was designed to accelerate the flow of money into green companies and projects, while simultaneously protecting investors from greenwashing accusations. By refining reporting practices and legislative clarity, the EU Green Taxonomy can become an even more powerful driver of sustainable investments.

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SOEs Undermine Credibility of China’s Green Bonds

Chris Hall

A key amendment requires 100% of the proceeds to fund green projects, instead of 50-70% previously. This is a big step for foreign investors who are eager to invest in China’s domestic green bond market but have concerns about greenwashing—inadvertently buying ‘green’ bonds that, in fact, support non-green projects.