ESG Today

NOVEMBER 2, 2023

According to the organizations, the new resource follows significant growth in recent years in investor interest in ESG issues, driving a proliferation of investment products and practices, but also leading to new terminology that can be unclear or inconsistent. Click here to access the new resource.

Sustainable Investment 105

Sustainable Investment Greenwashing Impact Investing Development 105

Corporate Knights

JUNE 13, 2023

In response to accusations of greenwashing and growing regulatory scrutiny, a group of high-powered financial networks is working to standardize the often-opaque jargon of the responsible investing industry. The conference was held at an important time for the responsible investment industry in Canada and around the world.

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Greenwashing Sustainable Investment Conscious Investing Impact Investing 147

ESG Today

OCTOBER 25, 2023

Switzerland’s Federal Department of Finance (FDF) announced today that it will proceed with plans to propose regulations to address greenwashing in the financial sector, including investment and disclosure rules for financial products using labels such as ‘sustainable,’ green,’ or ‘ESG.’

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Sustainable Investment Greenwashing 126

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

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Sustainable Investment Greenwashing Green Investing Impact Investing 147

ESG Today

JUNE 5, 2023

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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Greenwashing Banking Sustainable Investment Decarbonize 111

ESG Today

JUNE 5, 2024

Increased supervisory actions and better access to data and other resources will be required to address growing greenwashing risks at banks, investment firms and insurance companies, according to new reports released by Europe’s three primary financial regulatory agencies, the European Supervisory Authorities (ESAs).

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Greenwashing Banking Sustainable Investment 110

Chris Hall

JANUARY 31, 2023

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].”

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Greenwashing Net Zero CDP Sustainable Investment 96

ESG Today

JUNE 19, 2024

Switzerland’s Federal Council announced today that it will hold off on regulating greenwashing in the financial sector, allowing instead for the industry to monitor itself, following progress made by the sector’s associations in developing and implementing self-regulatory provisions.

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Greenwashing Sustainable Investment Development 102

Corporate Knights

NOVEMBER 28, 2022

For more than a decade, responsible investing in Canada experienced steady upward growth. A new report says that trend has reversed itself in the last two years, as the industry struggles to respond to allegations of greenwashing and a tougher regulatory environment. . More to be done on responsible investing.

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Greenwashing Negative Screening Positive Screening Impact Investing 264

ESG Today

FEBRUARY 24, 2023

ESMA unveiled the proposed rules in November 2022, aimed at providing asset managers with clear criteria for the use of ESG or sustainability-related terms for funds, in order to ensure that investors aren’t misled about the investment products’ ESG characteristics. Click here to access EFAMA’s response to the ESMA consultation.

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Greenwashing Sustainable Investment 105

3BL Media

MARCH 21, 2022

Recent prominent media articles have warned of a bubble and criticized sustainable portfolios for being ineffective as agents of change. Sustainable investment funds are mushrooming. Assets under management in Morningstar’s global sustainable fund universe surged to $2.75 We think the critics have missed the point.

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Sustainable Investment Greenwashing Digitalization Waste 246

Chris Hall

SEPTEMBER 6, 2024

Anyve Arakelijan, Policy Advisor at EFAMA, explains how supervisors and service providers can bolster trust in sustainable investment products. Sustainable investing is still a relatively nascent industry, often lacking clear and comparable ESG criteria and the data required to assess these.

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Greenwashing Sustainable Investment Development 69

Corporate Knights

OCTOBER 3, 2022

and Canadian banks and large investment managers. . Greenwashing is truly a clear and present danger.”. But in the last 12 months, there has been heavy criticism over the lack of climate action by GFANZ’s leading members, most notably U.S. Former U.S.

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Net Zero Banking COP26 Greenwashing 360

Chris Hall

NOVEMBER 14, 2023

Industry bodies align on key sustainable finance-related definitions to offer end-users greater “consistency and clarity”. The growing use of ESG-related language in fund names and documentation without transparency and underlying evidence increases greenwashing risk, ESMA warned.

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Greenwashing Impact Investing Negative Screening Sustainable Investment 112

Chris Hall

OCTOBER 19, 2023

Research by the European regulator shows that ESG-related named fund s attract more inflows , raising concerns about potential greenwashing. Mazzacurati noted that the introduction of SFDR did lead to more extensive disclosure in investment fund documentation concerning ESG characteristics or sustainable investment objectives.

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Greenwashing Sustainable Investment Development 122

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?

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Divestment Ethical Investment Greenwashing Negative Screening 278

Chris Hall

JULY 3, 2024

Fidelity International has made revisions to its sustainable investing framework to adjust to a changing ESG regulatory landscape, aiming to provide investors with greater transparency on its funds. Last year, the UK’s Financial Conduct Authority added a ‘ Sustainability Mixed Goals ’ label to its Investment Labels regime.

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Sustainable Investment Chief Sustainability Officer Value Creation Greenwashing 69

Chris Hall

JUNE 15, 2023

The European supervisory authorities (ESAs) and EU national competent authorities (NCAs) will need to build out their in-house resources and skill sets to effectively identify and handle instances of greenwashing by financial institutions, but greater guidance is recommended by observers rather than new waves of regulation.

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Greenwashing Sustainable Investment Banking Impact Investing 52

Chris Hall

JANUARY 30, 2024

The global investment community is walking a “tightrope” between greenwashing and green blushing as it strives to stay abreast of regulatory developments that continuously ramp up accountability on sustainable investing, industry sources have sad. That pace of change is here to stay.”

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Greenwashing Sustainable Investment Chief Sustainability Officer Development 59

Chris Hall

JUNE 7, 2022

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. . The SEC has also recently fined BNY Mellon Investment Adviser US$1.5

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Greenwashing Paris Agreement Sustainable Investment Development 52

Chris Hall

JUNE 1, 2022

The US SEC and Germany’s BaFin last year launched separate investigations into allegations made by Fixler that DWS was overstating its use of sustainable investing criteria. were not taken into account at all in a large number of investments,” the prosecutors’ office said, calling the potential wrongdoing “prospectus fraud”.

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Greenwashing Chief Sustainability Officer Banking Sustainable Investment 52

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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Greenwashing Principal Adverse Impact Indicators Sustainable Investment Banking 52

Chris Hall

MAY 19, 2023

The report said greenwashing as a key concern for asset owners, with asset managers “overstating or providing unclear messaging” on their level of commitment to sustainability. million) to over €6 billion – 57% of which possessed AuM between €1 billion and €5 billion. consider ESG a top product development initiative.

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Greenwashing Sustainable Investment Development 52

Chris Hall

MARCH 2, 2022

European efforts to bring transparency to ESG funds haven’t addressed fears of greenwashing. Almost a year since the European Commission introduced the Sustainable Finance Disclosure Regulation (SFDR), the European investment community remains divided over how to classify the ESG risks and impacts of their investments.

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Greenwashing Negative Screening Sustainable Investment Paris Agreement 98

Chris Hall

JUNE 21, 2024

Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.

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3BL Media

SEPTEMBER 7, 2022

Environmentalists may choose to invest in companies that produce durable products from natural materials. Terms like sustainable investing, impact investing, and ethical investing were used to describe this activity. These terms, however, lacked clear definitions.

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Impact Investing Sustainable Investment Supply Chains Supply Chain 130

ESG Today

OCTOBER 31, 2022

By Sustainable Fitch. Investor thirst for sustainable investments across all asset classes has seen fixed income issuance creation and supply skyrocket year-over-year to meet the demand. This comparison is essential to be able to execute investment strategies – exclusion, integration, tilt, best in class or impact.

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Greenwashing Negative Screening Green Bonds Sustainable Investment 105

ESG Today

JULY 25, 2024

In the publication, ESMA acknowledged that “considerable progress has been achieved in building the EU Sustainable Finance regulatory framework” already, but noted that their remains further room for the evolution and maturation of the framework, with its recommendations setting out long-term improvements to that end.

Green Bonds 111

Green Bonds Sustainable Investment Greenwashing Development 111

Chris Hall

NOVEMBER 1, 2023

Difficulties in definition continue to thwart efforts to demonstrate the financial benefits of sustainable investments. Sustainable fund flows attracted US$37 billion of net new money in Q4 2022, with global sustainable fund assets reaching a total of US$2.5

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Sustainable Investment Greenwashing Net Zero Academics 130

3BL Media

JANUARY 18, 2024

Financial institutions and market participants will be able to refer to a common set of definitions under the CGT to facilitate sustainable development in markets covered by the CGT. Next steps: The anti-greenwashing rule will come into effect from May 31, 2024. Firms can use the investment labels from July 31, 2024.

Green Bonds 147

Green Bonds Greenwashing Net Zero Climate Change 147

ESG Today

DECEMBER 18, 2023

The update follows the launch of a consultation on the guidelines in November 2022, which the regulator said was aimed at protecting investors from greenwashing risk, by ensuring that fund names that include terms such as “ESG” or “sustainability” fairly reflect funds’ actual investment policies and objectives.

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Greenwashing Sustainable Investment 119

Environmental Finance

JANUARY 26, 2023

Industry experts have welcomed the UK Financial Conduct Authority's (FCA) proposed Sustainability Disclosure Requirements (SDR) and sustainable investment labels - but voiced concern at the potential impact of some of its definitions.

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Greenwashing Sustainable Investment 45

Chris Hall

MARCH 27, 2023

Advisory group outlines its recommendations on addressing SFDR Article 9 downgrades and greenwashing regulatory uncertainty.

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Greenwashing Sustainable Investment 52

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 64

Sustainable Investment Net Zero Greenwashing Green Investing 64

Chris Hall

MAY 17, 2024

European regulators have ratcheted up efforts to eliminate greenwashing from the investment sector. End of an era I – The fight against greenwashing inched ahead with the release of final guidelines for naming ESG- or sustainability-related funds by the European Securities and Markets Authority (ESMA).

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Greenwashing Sustainable Investment Green Bonds Green Investing 80

Chris Hall

APRIL 25, 2023

The EC’s responses were to questions raised by the European Supervisory Authorities (ESAs) on SFDR in September last year, which asked for clarification the definition of “sustainable investments” and what it means to “consider” PAIs.

Sustainable Investment 52

Sustainable Investment Greenwashing Climate Change Development 52

Chris Hall

SEPTEMBER 14, 2022

One such, unheard of a few short years ago, is “greenwashing”, the practice of dressing up products, services or investments as being in full conformity with ESG principles – in contradiction of the underlying reality. It may be a bit strong to say firms are fearful of being accused of greenwashing. topped 90% of the fund.

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Greenwashing Sustainable Investment Analytics Development 52