Corporate Knights

DECEMBER 1, 2023

As the COP28 meeting begins and the world looks to the financial sector to step up on the climate crisis, the global sustainable investment industry is finally coming to grips with allegations of greenwashing that have plagued it for years. Under the new definitions in 2022, those assets are 14% lower at US$30.3

Sustainable Investment 141

Sustainable Investment Greenwashing Green Investing Impact Investing 141

Chris Hall

DECEMBER 19, 2023

Market participants flag importance of double materiality to enhance Article 8/9 definition alignment, stress need to recognise transition strategies. Risk of uncertainty French asset manager Mirova’s response said the current definition of Article 8 products is “too broad”, while the definition of Article 9 is “too narrow”.

Sustainable Investment 61

Sustainable Investment Net Zero Greenwashing Green Investing 61

Corporate Knights

MARCH 22, 2023

The amount of these pension funds’ actual investments labelled as “sustainable” rose to $276 billion in 2021, up from just $163 billion a year earlier. The dashboard shows that sustainable investments composed nearly 13% of the pension funds’ total assets of $2.2 trillion, versus just 7% of $2.1

Net Zero 294

Net Zero Stranded Assets Sustainable Investment Zero Carbon 294

We Mean Business Coalition

AUGUST 23, 2023

The EU Green Taxonomy is one of the cornerstones of the EU Action Plan on financing sustainable growth and is also the foundation of many other pieces of legislation currently being implemented.

Greenwashing 52

Greenwashing Green Bonds Sustainable Investment Green Investing 52

Chris Hall

NOVEMBER 4, 2022

The rise of taxonomies of sustainable activities reflects a recognition from policymakers that global financial markets depend on a shared classification system if they are to identify ‘green’ investment opportunities. It is the lack of clear definitions that is slowing progress [in agreeing taxonomies].”.

Net Zero 52

Net Zero Sustainable Investment Green Bonds Supply Chains 52

Chris Hall

SEPTEMBER 11, 2023

Levick also noted that the taxonomy could be employed via initiatives such as a net zero test, which the UK might apply to all its public investment decisions, utilising the taxonomy to evaluate whether investments align with the its definition of ‘green’.

Banking 57

Banking Net Zero Development COP26 57

Chris Hall

DECEMBER 9, 2022

In 2021, China’s Green Bond Endorsed Project Catalogue—its green taxonomy—officially removed ‘clean coal’ and fossil fuel-powered generation, including gas and liquefied natural gas (LNG), from the definition of ‘eligible green project’. The CGT does not have a legal effect and is not formally endorsed by either party.

Green Bonds 52

Green Bonds Greenwashing Green Investing Sustainable Investment 52