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Regulators Turn to Tech to Tackle Greenwashing

Chris Hall

FCA-hosted TechSprint aims to harness technology innovation to outpace adverse impacts of greenwashing in financial services. At yesterday’s culmination of the Global Financial Innovation Network’s (GFIN) first Greenwashing TechSprint , awards were presented based on different criteria.

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Switzerland to Address Greenwashing with Sustainable Investment Label Rules

ESG Today

The Council stated that the proposals form part of efforts to prevent greenwashing, or the mischaracterization or exaggeration of the sustainability characteristics and attributes of financial products and services. Click here to access the greenwashing position paper and the sustainable finance report.

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Australia Regulator Launches Greenwashing Suit Against Vanguard

ESG Today

ASIC Deputy Chair Sarah Court said: “We consider that the screening and research undertaken on behalf of Vanguard was far more limited than that being promised to investors, and we consider this constitutes another example of greenwashing.”

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Investors Caught Between Greenwashing and Green Blushing

Chris Hall

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.

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Greenwashing Top of Mind for Execs, as War & Inflation Threaten Corporate Climate Progress: Deloitte

ESG Today

Many respondents indicated, however, that events over the past year will impact corporate sustainability initiatives, with nearly half (45%) of respondents reporting that issues such as the war in Ukraine and inflation have caused them to cut back on their climate and sustainability strategies over the next 12 months.

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Call for US Greenwashing Rules to Extend to Human Rights

Chris Hall

Plans by the US Securities and Exchange Commission (SEC) to crack down on greenwashing by fund managers must be revised to cover not just environmental but human rights issues. However, the company’s ESG rating did not decrease following the event. When questioned, MSCI cited the company’s commitment to net zero emissions.

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EU Sustainable Finance Rule-making “a Process Not an Event”

Chris Hall

The post EU Sustainable Finance Rule-making “a Process Not an Event” appeared first on ESG Investor. Sanctions for ESG ratings agencies’ conflicts of interest could trigger fines of up to 10% of annual turnover, as the EC attempts to increase transparency.