Corporate Knights

MARCH 1, 2023

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. However, OSFI does not intend to regulate the banks’ own lending and investment practices to ensure they are consistent with 1.5°C

Net Zero 326

Net Zero Climate Change Banking Greenwashing 326

Chris Hall

OCTOBER 11, 2024

Rising levels of sustainability-focused regulation and investor scrutiny have contributed to a decline in greenwashing activities by companies. A new report from date science firm RepRisk highlighted a 12% year-on-year decrease in companies linked to greenwashing – marking the first fall in six years.

Greenwashing 59

Greenwashing Climate Change Banking 59

Corporate Knights

JULY 28, 2023

It’s been a full court press of advertising, sympathetic columnists presenting one-sided opinions as if they were carefully researched facts , and reports such as the one recently published by the Canadian Chamber of Commerce that wouldn’t survive scrutiny as an undergrad economics assignment.

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Greenwashing Climate Change Decarbonize Banking 246

3BL Media

AUGUST 14, 2024

About 40% of the companies surveyed do not know how to estimate the extent of their exposure to climate risks, and only 17% have approached banks for financing related to sustainability projects. How high is the risk of greenwashing? This is a positive fact that however raises some doubts about the veracity of what they are claiming.

Green Bonds 147

Green Bonds Greenwashing Sustainable Investment Social Sustainability 147

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.

Greenwashing 59

Greenwashing Digitalization Academics Development 59

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. .

Greenwashing 52

Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

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.

Greenwashing 52

Greenwashing Sustainable Investment Banking Impact Investing 52

ESG Today

FEBRUARY 12, 2023

This week in ESG news: Shell’s board of directors sued over climate strategy; UK regulator to test asset managers for greenwashing claims; Nordea ties top exec compensation to ESG goals; CDP says only 1 in 200 companies have credible climate plans; KPMG & Workiva partner on ESG reporting solutions; Aviva Investors to require climate transition (..)

Net Zero 98

Net Zero CDP Greenwashing Green Bonds 98

Chris Hall

JUNE 21, 2024

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. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.

Greenwashing 52

Greenwashing Green Investing Paris Agreement Climate Change 52

Corporate Knights

NOVEMBER 17, 2023

We’re already collecting quite a lot of data from rangers in the field, but we’re not presenting that well at all,” says Luke Swainson, Aluan’s co-founder. One of the big things we’re looking at is a way to bring that data together and present that in an interactive way.” We want to buy products and deal with banks that walk the talk.”

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Supply Chains Supply Chain Banking Greenwashing 183

3BL Media

JANUARY 18, 2024

The measures in sum: The package of measures is intended to improve trust and transparency in the market for sustainable investment products and minimize greenwashing. The proposed guidance is designed to help firms better understand the FCA’s expectations under the anti-greenwashing rule and other associated requirements.

Green Bonds 147

Green Bonds Greenwashing Net Zero Climate Change 147

3BL Media

MAY 4, 2022

Today’s bond market presents unique opportunities for responsible investing in the form of ESG-labeled bonds. Increasingly, today’s fixed-income market presents unique opportunities for responsible investing in the form of environmental, social and governance (ESG) labeled bonds. SOURCE: AllianceBernstein. SUMMARY: ESG in Action.

Green Bonds 130

Green Bonds Greenwashing Banking Net Zero 130

Corporate Knights

APRIL 18, 2024

And Tyson isn’t the only one banking on planet-friendly meat to keep consumers coming back to the butcher. In February, New York Attorney General Letitia James sued JBS, alleging that the company made deceptive statements in presentations, ads and on its website regarding its climate commitments. Walmart Canada stocks 2.5

Net Zero 363

Net Zero Regenerative Carbon Offsets Supply Chains 363

Chris Hall

AUGUST 4, 2023

The new President of the World Bank, Ajay Banga, recently spoke about investment’s role in delivering positive change. Like the World Bank, impact investors – along with responsible investors more generally – must think big; they must understand the constituents of success; and they must utilise those constituents as widely as possible.

Banking 52

Banking Impact Investing Greenwashing Sustainable Investment 52

James Militzer

JUNE 21, 2024

The report attributed this decline to methodology changes made by Alliance member US Sustainable Investment Forum, which tightened its standards regarding what qualifies as a sustainable investment in an attempt to address rising concerns about greenwashing.

Greenwashing 72

Greenwashing Sustainable Investment Climate Change Supply Chains 72

James Militzer

DECEMBER 2, 2024

Pioneering microfinance firms such as Grameen Bank in Bangladesh received subsidies and initial funding from development finance institutions and foundations, which allowed them to gradually scale their businesses. The bank has achieved a recovery rate of over 96%, which is significantly higher than traditional banking systems.

Impact Investing 69

Impact Investing Banking Green Bonds Development 69

Stanford Social Innovation

FEBRUARY 26, 2024

Biodiversity Loss and Global Corporations The imminent loss of one million species presents a grave threat, impacting human health, food security, rural communities worldwide, and over half of the global GDP. Thus, biodiversity loss presents a tangible operational risk to these industries. However, vigilance is necessary on two fronts.

Greenwashing 135

Greenwashing Waste Manufacturing Development 135

ESG Today

JULY 19, 2023

This shift from compliance to action presents a whole new area of legal risk for companies – a risk that currently attracts little attention beyond the general counsel’s office. At present, the real economy is still catching up with the shift that is taking place, however.

Development 97

Development Banking Climate Change Net Zero 97

ESG Today

FEBRUARY 9, 2023

The suit marks the latest in a series of shareholder and legal challenges to face Shell over its energy transition strategy, including a complaint filed earlier this month to the SEC by advocacy group Global Witness accusing the company of greenwashing by misleading investors about the amount of investment it is directing towards renewable energy.

Net Zero 98

Net Zero Paris Agreement Climate Change Greenwashing 98

Chris Hall

JANUARY 23, 2023

Verena Ross, Chair at ESMA, said its labelling plans were necessary to address greenwashing risks in the bloc, with its main concern being funds that disclosed under Article 8. ESMA is also, separately, calling for evidence on greenwashing. It is currently reviewing submissions on this.

Greenwashing 52

Greenwashing Sustainable Investment Banking 52

Chris Hall

MARCH 22, 2024

Whilst environment reporting obligations and legislation are still maturing in practice and enforcement, recent legal battles like those involving French and Dutch energy companies TotalEnergies and Royal Dutch Shell, and Dutch banking giant ING, highlight the immediate litigation risks for companies.

Banking 64

Banking Climate Change Greenwashing 64

Corporate Knights

NOVEMBER 2, 2022

Presented by. Eric Lam 26, Gatineau, QC economic advisor on energy transition and finance, Environment and Climate Change Canada Between 2019 and 2021, private banks and financial institutions invested US$1.5 He also advises public banks on greening their investments. trillion in coal. Eric Lam is trying to put a stop to that.

Climate Change 307

Climate Change Net Zero Development Waste 307

We Mean Business Coalition

AUGUST 23, 2023

The EU Green Taxonomy was designed to accelerate the flow of money into green companies and projects, while simultaneously protecting investors from greenwashing accusations. Reconciliation: Ensuring the alignment of reporting with consolidated financial reporting is crucial for accurate and useful data presentation.

Greenwashing 52

Greenwashing Green Bonds Sustainable Investment Green Investing 52

Stanford Social Innovation

OCTOBER 5, 2023

Researchers presented investors with two different investments with equal returns where one generates positive externalities (as measured by reduced carbon emissions reductions) and the other does not. Frustrated by the analysis we have presented, and continually asked for advice, we decided to delve deeper.

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Green Bonds Decarbonize Negative Screening Banking 133

Chris Hall

OCTOBER 8, 2024

No country in the region has made reporting against the frameworks mandatory, further increasing greenwashing risk and due diligence costs. A comprehensive taxonomy can mitigate the risk of greenwashing by enforcing stringent requirements and maintaining transparency.”

Carbon Offsets 52

Carbon Offsets Greenwashing Green Bonds Sustainable Investment 52

Chris Hall

OCTOBER 8, 2024

No country in the region has made reporting against the frameworks mandatory, further increasing greenwashing risk and due diligence costs. A comprehensive taxonomy can mitigate the risk of greenwashing by enforcing stringent requirements and maintaining transparency.”

Carbon Offsets 52

Carbon Offsets Greenwashing Green Bonds Sustainable Investment 52

Chris Hall

OCTOBER 20, 2023

Sovereigns have been relatively late entrants to sustainable bond markets following corporates and supra-national entities (such as the World Bank and the European Bank for Reconstruction and Development), which issued the first green debt securities in the mid-2000s. We expect more countries to follow.

Green Bonds 69

Green Bonds Banking Greenwashing Social Sustainability 69

Chris Hall

NOVEMBER 9, 2022

New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. . We cannot afford any slow movers, fake movers, or any form of greenwashing,” said McKenna, speaking at COP27 yesterday. “We Banks lay out targets .

Net Zero 52

Net Zero Banking Paris Agreement Climate Change 52

Chris Hall

MAY 19, 2023

One of the short-term impacts of the deluge – which released six months’ rain in less than two days – was the cancellation of this weekend’s F1 Grand Prix, a fitting warning to a globe-trotting circus tainted by greenwashing and sportswashing. Fingers of blame are pointing in several directions at present.

Greenwashing 52

Greenwashing Supply Chains Supply Chain Climate Change 52

Chris Hall

JUNE 22, 2022

The new RTZ criteria present a challenge for financial institutions, particularly when it comes to fossil-fuel finance and S cope 3 emissions – those from financed assets or others outside of the direct control of the reporting company – and especially for those that were already falling behind. . Phasing down and out .

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

NOVEMBER 11, 2022

Anzetse Were, Senior Economist at FSD Kenya, explains how international investors can overcome the barriers presented by Africa’s informal economy. The Africa Development Bank estimates that the continent will require an average of US$1.4 The impact could lower gross domestic product (GDP) by up to 3% by 2050.

Development 52

Development Green Bonds Climate Change Banking 52

Sustainable Development Network

JANUARY 9, 2020

Nonetheless, she presented the city’s Climate Action Plan which includes 67 projects in mitigation and adaptation such as the promotion of distributed photovoltaic generation in facilities, hydraulic generation pilot tests with ALS University, and an economic fund to assist in the adequacy of housing. Representing the aviation sector was Ms.

Net Zero 52

Net Zero Decarbonize Paris Agreement Shipping 52

Chris Hall

OCTOBER 4, 2024

However, only about US$150 billion has been earmarked on the balance sheets of sovereigns or multilateral banks to address this issue – resulting in a US$850 billion annual financing gap. This presents a compelling addressable market, argued Matt Christ, Portfolio Manager in Fixed Income at Ninety One.

Development 89

Development Divestment Net Zero Greenwashing 89

Chris Hall

DECEMBER 18, 2024

Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. He added that the bank was committed to overseeing the implementation process and the development of the initiative, throughout Azerbaijans COP29 presidency.

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UNEP Sustainable Investment Net Zero Development 72

Chris Hall

FEBRUARY 24, 2023

The NGFS is a network of 114 central banks and financial supervisors that aim to accelerate the scaling up of green finance which develop recommendations for central banks’ role for climate change.

Climate Change 52

Climate Change Banking Net Zero Development 52

Corporate Knights

NOVEMBER 9, 2022

Governments are being called on to put some regulatory muscle behind corporate net-zero pledges to ensure they don’t amount to mere greenwashing. . We must have zero tolerance for net-zero greenwashing. -UN The planet cannot afford delays, excuses, or more greenwashing.” . UN Secretary-General Ant ó nio Guterres.

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Net Zero Greenwashing Carbon Offsets Banking 359

Carlos Sanchez

DECEMBER 18, 2022

In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. In 2022, the voice against “greenwashing” practices was clear and loud. Figure 2: Word Greenwashing rated 100 in popularity in 2022 – source Google Trends.

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Net Zero Carbon Offsets Supply Chains Supply Chain 52