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Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey

ESG Today

The top nonfinancial data problems reported by finance leaders include varying data formats, cited by 39%, data inconsistencies (35%), incomplete data (34%) and unclear data definitions (33%). Other challenges included incorrect and out-of-date data, with only 4% reporting not encountering any of these problems.

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What’s in your ‘transition fund’? Poor transparency puts investors at risk

Corporate Knights

Clear definitions of green and transition investments would ensure that investors both in the funds and in Brookfield itself are getting what they were sold. Related ESG tourists are leaving, but sustainable funds are still growing in Canada RBCs climate retreat sparks debate over anti-greenwashing law Carney wants a pipeline.

Net Zero 173
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India Releases Draft Climate Finance Taxonomy to Drive Capital to Net Zero Goals

ESG Today

Indias Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the net zero transition, while preventing greenwashing.

Net Zero 101
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Summits can Unblock Ocean Finance Flows

Chris Hall

It highlighted expanding marine territorial claims by nations, illegal fishing operations and climate change as major threats to future growth that need to be addressed. 360° view of the pipeline Investors are increasingly recognising the financial materiality of sustainable and regenerative oceans.

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Trust in Transition

Chris Hall

Several of these funds also tackle broader social and environmental themes alongside the energy transition, which has led to inconsistent definitions and approaches across strategies. Nor will the fund channel transition capital to where it’s most needed – such as emerging markets firms.

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Summits can Unblock Ocean Finance Flows

Chris Hall

Common definitions Private investors have a big role to play in ensuring successful negotiations, according to Laure Boissat, Oceans Programme Manager at the FAIRR Initiative. First and foremost, investors can encourage the creation of common definitions and classifications for what qualifies as a sustainable blue investment, she said.

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Subsidy and Synergy: How Philanthropy Can Complement Impact Investing More Effectively

James Militzer

Philanthropy has the opportunity, the privilege even, of acting as a catalyzer to crowd in larger investors to fund large-scale solutions like off-grid solar, financial inclusion or nature-based strategies for addressing climate change. In that way, philanthropy and impact investing can complement each other.