Corporate Knights

JULY 31, 2023

At Investors for Paris Compliance, we just reviewed our major banks' net zero progress to assess whether they may have it covered. Unfortunately, this isn’t what the banks mean. To date , our regulators have been tolerant of this greenwashing, but that stands to change.

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Banking Net Zero Greenwashing Green Bonds 246

ESG Today

SEPTEMBER 26, 2023

Securities and Exchange Commission (SEC) announced on Monday that it has charged Deutsche Bank’s investment arm DWS, one of the largest asset managers in Europe, over misleading statements the firm made regarding its ESG investment process. Fixler was fired from DWS in March 2021 immediately prior to the release of the firm’s annual report.

Greenwashing 113

Greenwashing Banking 113

GreenBiz

JULY 15, 2021

Are you greenwashing, wishing or walking? Helle Bank Jorgensen. Some boards approve, some feel comfortable doing so and are hoping for the best; others are afraid to be called out on greenwashing but approve them anyway, because "everyone else" are setting goals. Thu, 07/15/2021 - 00:01. Because it does. Pull Quote.

Greenwashing 292

Greenwashing Net Zero Climate Change Supply Chains 292

ESG Today

NOVEMBER 15, 2022

Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs) announced today a Call for Evidence on greenwashing, aimed at gathering information on greenwashing risks and practices across the banking, insurance and financial markets sectors.

Greenwashing 111

Greenwashing Sustainable Investment Banking 111

Corporate Knights

JUNE 13, 2023

In response to accusations of greenwashing and growing regulatory scrutiny, a group of high-powered financial networks is working to standardize the often-opaque jargon of the responsible investing industry. In the beginning, most banks and large money management firms didn’t pay much attention.

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Greenwashing Sustainable Investment Conscious Investing Impact Investing 140

Chris Hall

JANUARY 31, 2023

A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities. Enforcement needed to tackle greenwashing Fixler said on LinkedIn that these actions “did more to tackle greenwashing than the entirety of SFDR [EU Sustainable Financial Disclosure Regulation].”

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Greenwashing Net Zero CDP Sustainable Investment 96

Financial Times: Moral Money

JUNE 1, 2023

European Banking Authority says there is a ‘clear increase’ in financial institutions overstating their climate credentials

Banking 84

Banking Greenwashing 84

Chris Hall

APRIL 14, 2023

Jessye Waxman, Senior Campaign Representative, Fossil-Free Finance Campaign, Sierra Club, says climate-related shareholder resolutions give banks necessary guardrails for transition financing. These claims are a misrepresentation of resolutions that simply aim to reduce banks’ exposure to climate-related risks.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

ESG Today

JUNE 29, 2023

In the letter, signed by FCA Director of ESG Sacha Sadan, the FCA wrote: “A number of the issues identified have informed our observations about the possibility of potential risks to market integrity and suspicion of greenwashing in the context of SLLs.”

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Greenwashing Banking Green Bonds Net Zero 87

Chris Hall

FEBRUARY 5, 2024

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.

Banking 76

Banking Paris Agreement Greenwashing Green Investing 76

Chris Hall

SEPTEMBER 21, 2023

FCA-hosted TechSprint aims to harness technology innovation to outpace adverse impacts of greenwashing in financial services. At yesterday’s culmination of the Global Financial Innovation Network’s (GFIN) first Greenwashing TechSprint , awards were presented based on different criteria.

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Greenwashing Digitalization Academics Development 59

Environmental Finance

OCTOBER 25, 2022

The World Bank encouraged the market to consider expanding the role of external reviewers for sustainability-linked bonds (SLBs) to cover their structure, after research identified "structural loopholes" which pose a greenwashing risk for the market.

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Greenwashing Banking 45

GreenBiz

FEBRUARY 2, 2022

Controversy at Deutsche Bank last fall is one example.

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Greenwashing Banking 280

Environmental Finance

NOVEMBER 16, 2022

The three European Supervisory Authorities have launched a consultation on greenwashing practices in the EU asset management, banking and insurance sectors.

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Greenwashing Banking 56

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.

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Greenwashing Sustainable Investment Banking Impact Investing 52

Chris Hall

JUNE 1, 2022

Woehrmann, who had held the position since late 2018, will be replaced by Stefan Hoops, currently head of DWS parent Deutsche Bank’s corporate banking operations, from 10 June, according to a statement issued Wednesday. The officers reportedly held meetings with DWS and Deutsche Bank staff until lunchtime.

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Greenwashing Chief Sustainability Officer Banking Sustainable Investment 52

ESG Today

JULY 28, 2022

The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore unveiled new reporting and disclosure requirements for ESG funds targeted at retail investors. The post Singapore Unveils Disclosure Rules for ESG Funds to Reduce Greenwashing Risk appeared first on ESG Today.

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Greenwashing Banking 101

Impakter

JULY 14, 2022

Greenwashing in Fashion: What to Look Out For and How to Spot It. Greenwashing, the practice of companies’ inaccurately marketing themself to be perceived as more sustainable than they really are, occurs in nearly every industry — from automobile to food, furniture, banking, and of course, fashion. So why […].

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Greenwashing Banking Corporate Social Responsibility 52

3BL Media

APRIL 19, 2022

Jordan Locke, a recruitment consultant in Acre's Global Sustainable Finance & Impact Investing Team, sat down with Business Insider alongside a group of industry experts to discuss the current ESG talent shortage, ‘greenwashing’ and the rapid pace of change. . Greenwashing kind of falls into that same skepticism.

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Greenwashing Sustainable Investment Global Economy Banking 130

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. .

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Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

Financial Times: Moral Money

DECEMBER 6, 2023

Lenders are ‘reluctant to disrupt’ relations with large CO₂ emitters

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Greenwashing Banking 88

Environmental Finance

JANUARY 31, 2023

Investors and banks looking to retire Filipino coal assets early need more clarity on the transition, to avoid "undue greenwashing criticism", the Filipino regulator has said.

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Greenwashing Banking 45

Alaistair Marsh

FEBRUARY 22, 2023

Bank adds `greenwashing’ to list of risks as global regulators move to clamp down on overhyped climate claims.

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Greenwashing Banking 50

Environmental Finance

APRIL 13, 2023

The Reserve Bank of India (RBI) has released a framework for green deposits, in a bid to increase capital allocations towards green projects and counter greenwashing.

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Banking Greenwashing 45

ESG Today

NOVEMBER 13, 2023

For the report, BI’s inaugural ESG Market Navigator, Bloomberg surveyed 250 C-suite executives across a wide range of sectors, and 250 senior investors including asset managers, wealth managers and investment banks, across North America, Europe and Asia Pacific.

Greenwashing 109

Greenwashing Supply Chains Supply Chain Net Zero 109

Financial Times: Moral Money

JUNE 29, 2023

News, analysis and comment from the Financial Times, the worldʼs leading global business publication

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Greenwashing Banking 75

Corporate Knights

OCTOBER 3, 2022

and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. The displeasure, especially by large North American banks, threatens to rupture the increasingly fragile alliance. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

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Net Zero Banking COP26 Greenwashing 360

3BL Media

JULY 12, 2023

Our clients include international brand owners, tax authorities, lawyers, government bodies and investment banks. We have conducted thousands of brand valuations for clients of all sizes and across most sectors. See www.brandfinance.com.

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Greenwashing Corporate Social Responsibility Banking 130

3BL Media

FEBRUARY 26, 2024

adults, this report unveils insights including: How sustainability impacts consumer perception of brands across 12 industries — food and grocery, telecommunications, banks, pension funds, airlines, and fashion and retail brands, just to name a few. Combatting the anti-ESG backlash and averting greenwashing accusations.

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Greenwashing Banking 147

Environmental Finance

JUNE 21, 2022

Failure by a bank to meet a carbon reduction target would not necessarily constitute greenwashing, an influential regulator has claimed.

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Greenwashing Net Zero Banking 45

Corporate Knights

MARCH 12, 2024

Regulators around the world are trying to tackle the problem of greenwashing with new rules and enforcement mechanisms. As greenwashers are expected to face increasing and more frequent fines in certain jurisdictions, a plastic-prevention start-up called CleanHub recently ranked the largest greenwashing fines given out to date.

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Greenwashing Banking Sustainable Investment 278

Chris Hall

JANUARY 28, 2022

Once approved by the European Commission, banks will have to start making climate disclosures in 2023, with full phase-in by June 2024. The European Banking Authority (EBA) has published its final standards for how European banks will have to disclose their contribution to the region’s climate targets.

Banking 52

Banking Paris Agreement Greenwashing Climate Change 52

Corporate Knights

JULY 4, 2022

Banks, insurance companies and institutional investors – including many of Canada’s biggest financial institutions – rushed to join the Glasgow Financial Alliance for Net Zero , led by former Bank of Canada governor Mark Carney. However, critics in Canada argue the banks have not produced credible plans to achieve their goals.

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Net Zero Greenwashing Paris Agreement Banking 342

Corporate Knights

NOVEMBER 27, 2023

It also proposed to tackle greenwashing by strengthening competition law. Yet many Canadian banks, pension funds, insurers and large companies still underinvest in clean energy and disproportionately invest in oil, gas and coal. The bill is finally being debated in the Standing Senate Committee on Banking, Commerce and the Economy.

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Banking Climate Change Sustainable Investment Net Zero 336

Financial Times: Moral Money

JULY 18, 2022

Plus, carbon offsets and lobbying pose greenwashing risks

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Carbon Offsets Greenwashing Banking 98

3BL Media

AUGUST 16, 2022

Securities and Exchange Commission’s (SEC) proposed rules which aim to strengthen protections and address increasing confusion and greenwashing concerns around the rapid growth of ESG-oriented funds. DESCRIPTION: The sustainability nonprofit Ceres submitted comments today in support of the U.S. investing public.

Greenwashing 246

Greenwashing Climate Change Net Zero Banking 246

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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Sustainable Investment Greenwashing Net Zero Banking 65