Remove Banking Remove Greenwashing Remove Net Zero Remove Sustainable Investment
article thumbnail

Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. Former U.S.

Net Zero 360
article thumbnail

Sustainable Investing is Here to Stay

Chris Hall

The last few years has seen an explosion of investments being labelled green or sustainable. Many large companies announced ambitious net zero targets and the contribution they will make to becoming a net zero economy. Sustainable growth? It is big business.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. Freeland was attending the Sustainable Finance Forum, which was organized by Liberal MP Ryan Turnbull and featured a half dozen of her cabinet colleagues.

article thumbnail

European Regulators Slammed for Approach to Greenwashing Probe

Chris Hall

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].”

article thumbnail

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

Corporate Knights

The federal government is pursuing new policies on procurement and low-carbon investment standards aimed at boosting the business prospects for companies committed to net-zero climate plans. The Canadian sustainable finance council comprises 25 institutions, including banks, pension funds, insurance companies and credit unions.

Net Zero 314
article thumbnail

Most Canadians want their investments to align with climate action

Corporate Knights

It committed to a green and transition taxonomy (a classification system for investments) and mandatory climate-related disclosure from large private companies. It also proposed to tackle greenwashing by strengthening competition law. Last week was the first hearing of what is expected to be a many-session study of CAFA.

Banking 336
article thumbnail

ESG Confessions: 5 Sustainable Finance Pros Share How They Are Grappling With the Talent Shortage, 'Greenwashing', and the 'Sucker' Stereotype | Featuring Jordan Locke, Acre

3BL Media

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.