BlackRock goes green? Investment giant joins Climate Action 100+ amid controversy
GreenBiz
JANUARY 13, 2020
The move comes just a month after the firm was accused of being 'full of greenwash' by former US Vice President Al Gore.
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GreenBiz
JANUARY 13, 2020
The move comes just a month after the firm was accused of being 'full of greenwash' by former US Vice President Al Gore.
3BL Media
FEBRUARY 22, 2022
These new rules, intended to counteract greenwashing, spell out the criteria for a green investment and require market participants to disclose how they are aligned with them. The outcome is a seamless approach to customized sustainable investing. Media Contact: Arleta Majoch, COO Impact Cubed Arleta@impact-cubed.com.
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
Financial Times: Moral Money
FEBRUARY 19, 2022
ESG funds are popular, but research has found the sector is rife with greenwashing. Lawyers warn a reckoning is coming
Renewable Energy World
FEBRUARY 2, 2022
BRUSSELS (AP) — The European Union on February 2 proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” This anti-science plan represents the biggest greenwashing exercise of all time.
Corporate Knights
DECEMBER 14, 2022
The US SIF says this more cautious approach was at least partly triggered by recent US Securities and Exchange Commission (SEC) proposals to crack down on greenwashing by ramping up standards on the names and disclosure requirements for ESG funds. ESG] asset levels will likely move lower to a truer base of real sustainable investing.”.
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. where the tighter definitions have been felt most. “We
Corporate Knights
MARCH 7, 2023
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”
Chris Hall
FEBRUARY 9, 2022
Asset managers decide to re-label existing funds as green investment vehicles for two reasons, according to Paul Lacroix, Head of Structuring at Smart Beta specialist investment firm Ossiam, an affiliate of Natixis. The first is client demand for investment solutions that are ESG-based,” he tells ESG Investor.
Chris Hall
SEPTEMBER 22, 2023
Anti-greenwashing action returned on both sides of the Atlantic this week. The US Securities and Exchange Commission toughened the Investment Company Act’s ‘ Names Rule ’ to ensure ‘ESG’, ‘green’, ‘net zero’ and other sustainability-themed funds deliver on the labels. What’s in a name?
James Militzer
MAY 19, 2022
Meanwhile, most people – 79% overall and 90% of investors under age 45 – say they want to invest in socially and environmentally friendly ways. Even if they’re not actively greenwashing, most companies don’t publish information about their emissions or other environmental impacts. And more importantly, what can we do to bridge it?
Corporate Knights
NOVEMBER 2, 2023
Key jurisdictions, including the European Union, the United Kingdom, Australia, Japan and China, are moving forward with taxonomies that will guide green investment decisions and help avoid greenwashing.
Chris Hall
SEPTEMBER 8, 2023
Inclusion of coal in green taxonomy would border on state-sanctioned greenwashing, says Christina Ng, Research & Stakeholder Engagement Leader, Debt Markets, and Putra Adhiguana, Energy Technologies Research Lead, Asia, at IEEFA. A huge controversy erupted last year when the EU labeled gas power plants as sustainable.
Corporate Knights
MARCH 1, 2023
Environmental groups complain that the group is rife with conflicts of interest in setting green investment standards for themselves, given their considerable reliance on oil and gas business. She says the inclusion of oil and gas projects in a transition framework would amount to greenwashing for an unsustainable source of energy.
We Mean Business Coalition
AUGUST 23, 2023
The EU Green Taxonomy was designed to accelerate the flow of money into green companies and projects, while simultaneously protecting investors from greenwashing accusations.
Chris Hall
DECEMBER 9, 2022
A key amendment requires 100% of the proceeds to fund green projects, instead of 50-70% previously. This is a big step for foreign investors who are eager to invest in China’s domestic green bond market but have concerns about greenwashing—inadvertently buying ‘green’ bonds that, in fact, support non-green projects.
Eco-Business
DECEMBER 11, 2019
The European Union Taxonomy creates a new framework for what qualifies as a green investment. What could this mean for the Asia Pacific region?
Chris Hall
FEBRUARY 2, 2024
The European Markets and Securities Authority (ESMA) released an analysis that noted the “absence of harmonised and standardised reporting requirements” for private sector actors against SDG targets, and concluded that most funds claiming to contribute to SDGs neither explained clearly how they aligned, nor invested any differently to non-SDG funds.
Chris Hall
FEBRUARY 5, 2024
It will also intensify its work on the effects of transition funding, green investment needs and transition plans, exploring the case for further changes to its monetary policy instruments and portfolios. These announcements followed the ECB’s third assessment of European banks’ progress on the disclosure of climate and environmental risks.
Chris Hall
DECEMBER 19, 2023
This split in opinion was showcased in a Morningstar Sustainalytics survey , in which 50% of respondents said they would like to see Article 8 and Article 9 categories replaced by labels, while 39% would prefer to keep Article 8 and Article 9 categories.
Corporate Knights
DECEMBER 20, 2022
Even if we quickly agree on disclosure frameworks and measurements around biodiversity, disclosures that are voluntary and not supported by regulation are vulnerable to greenwashing which is widespread in the ESG space. We need to encourage more targeted investments in nature-positive solutions that reverse biodiversity loss.
Chris Hall
SEPTEMBER 11, 2023
“Our recommendations aim to align these objectives with government policy, tracking progress, consumer protection, national and local actions, private sector engagement, and international efforts,” she said. “By carefully considering these aspects, the UK can harness the power of its taxonomy to drive sustainable and green investments while preventing (..)
Chris Hall
OCTOBER 6, 2023
It remains to be seen whether the FCA insists that firms link gaps with the requirements to prevent harm under this year’s consumer duty measures, and require firms to provide adequate evidence to indicate proper due diligence in avoiding intentional greenwashing.
Chris Hall
JUNE 10, 2022
Rampant criticism of green investment will only accelerate its maturity. In the two weeks since our last blog, and the three since the Financial Times’ Katie Martin first tweeted about Stuart Kirk’s fêted and ill-fated climate-risk speech, there’s been an avalanche of comment on the failings and misunderstandings of ESG investing.
Corporate Knights
FEBRUARY 8, 2022
I’m reminded of this debate amid the current turmoil over a green investment label in Europe, a situation caused largely by the unwillingness of the sustainable investment sector to create its own industry standard.
Chris Hall
OCTOBER 5, 2022
The UK’s Financial Conduct Authority (FCA) will closely monitor funds’ use of incoming green investment labels, potentially stopping asset managers from using them in the event of misuse. . Regulator’s ESG head underlines need for market confidence, highlights importance of investor engagement. .
Chris Hall
FEBRUARY 23, 2023
That role will be played by the UK taxonomy, and hopefully we will hear more about next steps for this in the upcoming Green Finance Strategy ,” she added.
Chris Hall
APRIL 21, 2023
The question is how stringent Indonesia should set the transition criteria, taking into account a pressing need to not only avoid charges of greenwashing or ‘transition washing’, but also build confidence in the country’s decarbonisation pathway.
Chris Hall
FEBRUARY 24, 2022
“We have yet to see a shift in asset owners with clear investment mandates to include expectations on climate compared to 2020,” said the report, noting that respondents reported challenges in finding external managers with an established track record in successful climate-related investing, while also expressing concerns about greenwashing.
Chris Hall
FEBRUARY 11, 2022
The intention is that this should help both the firms’ institutional clients (such as pension scheme trustees) and ‘end-user’ consumers (such as scheme members or retail investors) to more easily identify so-called green investments and direct their funds accordingly.
Chris Hall
MARCH 3, 2022
This not only creates considerable confusion among investors but exposes them to accusations of greenwashing, as well as the risk of holding investments that are not aligned with their own ESD/SDG requirements. The post From Rhetoric to Practice appeared first on ESG Investor.
ESG Today
MARCH 31, 2024
This week in ESG news: Biden admin invests $6 billion in industrial decarbonization projects; Microsoft signs one of largest-ever biochar carbon removal deals; Mississippi orders BlackRock to ‘cease and desist’ from ESG investing; Walmart invests in 1 GW of new clean energy projects; Vanguard found guilty of misleading green investing claims in Australia; (..)
Chris Hall
AUGUST 19, 2022
Investors keen to explore Australia’s renewables potential, including green hydrogen , will be watching closely. Not if the SEC has its way. The watchdog has already used mis-selling rules to tackle misleading or overstated claims by managers and is also overhauling fund naming and disclosure rules.
ESG Today
JULY 10, 2022
European Lawmakers Defeat Move to Keep Nuclear and Gas out of Green Investment Taxonomy. K2 Launches ESG Certification for Fund Managers to Tackle Greenwashing Risk. BBVA, Fifth Wall Team up to Invest in Climate Solutions for Real Estate and Construction Industries. India Implements Single Use Plastic Ban.
Chris Hall
JUNE 8, 2023
ING Asset Management’s new SDG Impact Strategy will provide clients with exposure to companies that contribute specifically to the 17 UN Sustainable Development Goals (SDGs), responding to strong demand for ‘dark green’ investments.
Chris Hall
NOVEMBER 23, 2022
COP27 also saw the first fruits of UN Secretary General Antonio Guterres’ efforts to rid the finance and corporate sectors of greenwashing through increased scrutiny of net zero commitments. Announced by Guterres in Glasgow, the UN High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities?
Chris Hall
APRIL 21, 2023
This sparked a plethora of comment this week warning of investor confusion and the prospect of a rethink among those SFDR Article 9 funds that downgraded over the past six months for fear of being accused by regulators of greenwashing. To quote a past contributor to ESG Investor , for fund managers, it’s still not easy being green.
Corporate Knights
JANUARY 3, 2023
trillion, prompting industry insiders to express doubt about how such a huge run-up could happen without greenwashing. This was triggered in part by stiff anti-greenwashing proposals from the U.S. European asset managers struck US$140 billion from ‘dark green’ investment category. green investment.
Chris Hall
AUGUST 18, 2023
US sustainable investment non-profit Ceres remarked on its rapid economic impact, pointing to the creation of 170,000 green jobs already. The act also kickstarted an era of green investment competition.
Chris Hall
MARCH 29, 2023
Currently, there is no clear definition of what constitutes a “green” investment, which has led to a proliferation of green bonds that are not truly environmentally friendly.” ChinaSIF estimates that the size of China’s ESG market in 2022 was RMB 24.6 trillion (US$3.57 trillion) growing from RMB 18.4 trillion in 2021.
Chris Hall
AUGUST 18, 2022
At issue is the practice of greenwashing, in which dubious or over-stated claims are made for the environmental or social impact of green-labelled funds and other financial products. Andrews said there was a need for regulatory action in response to rampant greenwashing by an industry driven by commercial opportunity.
CleanTechnica
FEBRUARY 21, 2023
The European Commission is about to stick a green investment label on thousands of highly polluting planes. It must reverse course.
CleanTechnica
FEBRUARY 17, 2023
T&E does not support the criteria under consideration for aviation, as it greenwashes the aircraft manufacturing’s legacy business and provides no incentives for genuinely green investments. Airbus, the EU’s main aircraft manufacturer, was co-drafting criteria for its own products.
CleanTechnica
JANUARY 9, 2023
The green investments about which BP brags represent only a minor portion of its current energy production and investment behavior. The rest continues to be targeted for its big profit oil and gas holdings.
CleanTechnica
MAY 27, 2022
Securities and Exchange Commission (SEC) wants to prevent ESG (Environmental, Social, and Governance) funds from greenwashing. The SEC published a fact sheet with amendments calling for funds to show proof of their claims and to disclose how they choose companies and vote at annual meetings.
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