Remove Definition Remove Development Remove Greenwashing
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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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The Wild West of plastic credits and offsets

GreenBiz

There is no industry standard or definition . However, there is no formal or standardized definition for plastics crediting, and such claims are inconsistently defined and applied differently from organization to organization. The potential for greenwashing is high. Pull Quote. Circular Economy. Plastic Waste.

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A new plan to kick-start the energy transition at Canadian companies

Corporate Knights

Transition planning has been hampered by the slow rollout of two key regulatory components: mandatory climate-risk reporting by companies, or “disclosures,” and official definitions for all the relevant terms, or what is sometimes called a “green taxonomy.” Securities and Exchange Commission (SEC) in March. And that’s a crucial step.

Net Zero 147
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CFA Institute, PRI, GSIA Issue Harmonized Definitions for Sustainable Investing

ESG Today

The guidance was developed in response to a set of sustainability-related investment and finance recommendations published in 2021 by IOSCO , the leading international policy forum and standards setter for securities regulators, which included developing common terminology for sustainable finance terms and ESG approaches.

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EU Regulators Find Growing Greenwashing Risk for Banks, Asset Managers

ESG Today

Key sources of greenwashing risk identified by the regulators included claims about sustainability impact and company engagement made by asset managers, litigation risk related to misleading ESG claims made by banks, and misleading product claims by pension and insurance providers.

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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.

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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].”