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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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

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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Corporate Knights

NOVEMBER 27, 2023

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.

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Banking Climate Change Sustainable Investment Net Zero 336

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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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

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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ESG Today

JANUARY 21, 2024

This week in ESG news: EU Parliament approves new anti-greenwashing law; investors urge Shell to set Paris-aligned climate targets; Barclays launches new sustainable banking, energy transition investment banking teams; PwC CEO survey finds companies upskilling workers for climate megatrend; Australia drafts law requiring mandatory climate reporting; (..)

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Supply Chains Supply Chain Banking Greenwashing 106

ESG Today

OCTOBER 19, 2022

The ruling comes as financial institutions and other companies increasingly face regulatory scrutiny over greenwashing concerns. Earlier this year, the CEO of Deutsche Bank’s investment arm DWS resigned after police raided the firms’ Frankfurt offices as part of an investigation into greenwashing allegations.

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Net Zero Greenwashing Banking Paris Agreement 123

3BL Media

JANUARY 18, 2024

FCA confirms sustainability disclosure and labeling regime The Financial Conduct Authority (FCA) has issued a policy statement setting out its final rules and guidance on Sustainability Disclosure Requirements (SDR) and investment labels. Next steps: The anti-greenwashing rule will come into effect from May 31, 2024.

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ESG Today

JUNE 11, 2023

This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S.

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Greenwashing Decarbonize Banking Net Zero 75

ESG Today

DECEMBER 3, 2023

See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements American Airlines Signs Carbon Removal Agreement with Cleantech Startup Graphyte Dow to Build $6.5

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Net Zero Decarbonize Greenwashing Banking 93

Chris Hall

MARCH 31, 2022

ESG Investor’s weekly round-up of news on technology and tools in the sustainable investing sector, including Impact Cubed, NatureAlpha, Sylvera, Carbon Trust, Themis, Manifest Climate and AirCarbon Exchange. Linking our factual data to tech-enabled tools is a powerful antidote to ESG ratings confusion and concerns about greenwashing.”

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Chris Hall

AUGUST 4, 2023

The new President of the World Bank, Ajay Banga, recently spoke about investment’s role in delivering positive change. Sustainable investing of every kind is to some degree geared towards addressing the biggest threats facing our planet and its inhabitants, which means our collective response must itself be monumental.

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Banking Impact Investing Greenwashing Sustainable Investment 52

Corporate Knights

MARCH 1, 2023

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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Net Zero Climate Change Banking Greenwashing 314

ESG Today

OCTOBER 30, 2022

Guest Post: Rethinking Corporate Sustainability in a World Running Out of Time. UK Regulator Targets Greenwashing with New Sustainable Investment Labels and Disclosure Rules. Societe Generale Sets €300 Billion Sustainable Finance Target, Offers CSR Training to all Employees. Government & Regulators. Operations.

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Greenwashing Decarbonize Supply Chains Supply Chain 112

Corporate Knights

FEBRUARY 8, 2022

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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GreenBiz

APRIL 28, 2021

Because today’s stakeholders are fed up and armed with social media, and they will call a company out for greenwashing or an opportunistic antiracist tweet. After Floyd’s death, two-thirds of the corporations listed on the S&P 100 declared their solidarity with the Black Lives Matter movement, including all the major Wall Street banks.

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3BL Media

JANUARY 24, 2024

​In this edition of the Insights Series, we look at the key themes in ESG reporting and the main responsibilities of those specialist functions across investment management, banking and insurance and private markets.

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Banking Value Creation CDP Development 147

Chris Hall

JANUARY 23, 2023

And significantly, market participants warn EU’s beleaguered Sustainable Finance Disclosure Regulation (SFDR) could overlap, and potentially conflict with, ESMA’s plans for labelling rules. ESMA is also, separately, calling for evidence on greenwashing. It is currently reviewing submissions on this.

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Greenwashing Sustainable Investment Banking 52

Chris Hall

NOVEMBER 16, 2022

Protected status for ESG investment products could mark the beginning of the end for greenwashing for UK investors. Before long, any asset manager thinking of slapping a ‘sustainable’ or ‘ESG’ label on its investment products for UK clients should think twice – at least. It thinks there is a problem about greenwashing.”.

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Greenwashing Sustainable Investment Social Sustainability Climate Change 52

Corporate Knights

JULY 14, 2022

EE: There’s a general concern about greenwashing and the dissonance between what many companies say they believe about ESG issues and what they are actually doing. Do you feel corporate greenwashing has increased or decreased from the 1970s and ’80s? And what can investors do about it? It must be addressed by changing the economy.

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Divestment Ethical Investment Greenwashing Negative Screening 266

Chris Hall

FEBRUARY 2, 2024

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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Net Zero Banking Development Greenwashing 78

Chris Hall

JULY 1, 2022

Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”. One takes a step, signals the other and they take a step.”.

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Net Zero UNEP Greenwashing Banking 98

Chris Hall

DECEMBER 1, 2023

Progress had been grindingly slow until a breakthrough in the run-up to COP28, which paved the way for a deal on the opening day, effectively giving the green light for grant-based funding, facilitated initially by the World Bank, raising transparency concerns for some.

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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. Our analysis also shows that financial companies appear to overestimate the share of their loans and investments on their books that are covered by the Taxonomy.

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Greenwashing Green Bonds Sustainable Investment Green Investing 52

Chris Hall

SEPTEMBER 11, 2023

“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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3BL Media

MAY 4, 2022

In this paper, we describe our process for assessing ESG-labeled bonds and show that, by systematically applying this framework, investors can help set a gold standard for the market, avoid surprises from controversy and greenwashing, and potentially generate more alpha over time. Less Greenwashing Can Mean More Alpha.

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Green Bonds Greenwashing Banking Net Zero 130

Chris Hall

JUNE 15, 2023

According to Longo, the strategy aims to enhance transparency, deepen Australia’s green finance markets, and capitalise on the global momentum in sustainable finance. This group has been working on these issues for a number of years now, Longo said.

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Jon Hale

JANUARY 7, 2022

End of Week Notes How Bloomberg Businessweek’s takedown of MSCI’s ESG Ratings got it wrong Sustainable investing has attracted its share of criticism lately. Further complicating matters, sustainable investing has not sprung forth as a unified, fully developed investment approach. To the contrary, this idea?—?that

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Sustainable Investment Green Bonds Greenwashing Development 52

Chris Hall

DECEMBER 9, 2022

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. A key amendment requires 100% of the proceeds to fund green projects, instead of 50-70% previously.

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Green Bonds Greenwashing Green Investing Sustainable Investment 52

ESG Today

NOVEMBER 14, 2022

The survey found that nearly all investors (99%) utilize companies’ ESG disclosures as a part of their investment decision-making, and that the methods used have matured significantly over the past few years, with 74% reporting conducting a “structured and methodical evaluation of nonfinancial disclosures,” compared to only 32% in 2019.

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Chris Hall

SEPTEMBER 23, 2022

Changes to EU investment rules should prove a boon to green funds – but the continent’s ESG sector still has a big credibility problem. Then comes the question of whether the client wishes to hold products or instruments with a minimum proportion of sustainable investments as defined by the SFDR.

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Principal Adverse Impact Indicators Sustainable Investment Greenwashing Banking 52

Chris Hall

NOVEMBER 25, 2022

The need for reform of the global financial architecture has been building, and was acknowledged in October’s annual World Bank / IMF meetings. At least in Europe, managers can look forward with greater certainty to comprehensive sustainability reporting from corporates , if not necessarily their supply chains. .

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Banking Climate Change Supply Chains Supply Chain 52

Chris Hall

JUNE 24, 2022

ESG Investor’s weekly round-up of moves and appointments in the sustainable investing sector, including the ISSB, Hymans Robertson, 2DII, ACA Group, Edison, UKSIF and Util. . Michael Meehan has stepped down as Chair of the UK Sustainable Investment and Finance Association (UKSIF).

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Sustainable Investment Supply Chains Supply Chain Net Zero 52

Chris Hall

JUNE 5, 2023

UKSIF banks “phased approach “ to sustainability disclosures for SMEs to reduce compliance burden of UK ’s proposed non-financial reporting requirements.

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Sustainable Investment Climate Change Banking COP26 52

Chris Hall

APRIL 28, 2022

The NGFS, which represents more than 100 central banks and financial markets supervisors, said taxonomies and other frameworks designed to mobilise capital toward environmentally sustainable investments need to be “tied to clear objectives and science-based net zero targets”, but also should be highly comparable and interoperable.

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