article thumbnail

Greenwashing Managers Must Heed Watchdogs’ Bark

Chris Hall

Asset managers should expect and prepare to be challenged on the sustainability credentials of their ESG-labelled funds as financial markets watchdogs clamp down on greenwashing, according to regulatory experts. . Growing concerns over greenwashing and mislabelling were highlighted in a 2021 report published by think tank InfluenceMap. .

article thumbnail

All That Glitters Is Not Green

Chris Hall

Regulation will never be sufficient to protect investors from greenwashing, says Alexandra Mihailescu Cichon, EVP at RepRisk. While this is to be encouraged as a step toward the transition to a more sustainable future, focused around lower-carbon economies, this same pressure has also led to an uptick in greenwashing.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout. The definition covers initiatives that support fossil fuel consumption or activities, and funding that disproportionately benefits the fossil fuel sector.

article thumbnail

ESG Explainer: SFDR One Year on

Chris Hall

European efforts to bring transparency to ESG funds haven’t addressed fears of greenwashing. Different approaches to product classification have sown confusion and raised greenwashing concerns among both institutional and retail investors. While SFDR was designed to avoid greenwashing, it has not achieved its objective.

article thumbnail

Investors Must Focus on Impact Measurement Tools – ShareAction  

Chris Hall

ShareAction launched a new definition of ‘responsible investment’ in a bid to raise standards across the financial sector and help prevent greenwashing and misleading claims.

article thumbnail

Banks Must Radically Change Climate Perspective

Chris Hall

Additional analysis from the ECB covering 95 banks suggested that 90% of them were exposed to climate transition risks. Golden ratio Meanwhile, North American banks are under mounting pressure from US shareholders to transition away from financing fossil fuels.

Banking 73
article thumbnail

What is the Science-Based Targets initiative (SBTi)?

Sphera

Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. In the Paris Agreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.