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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. and Canadian banks and large investment managers. . Greenwashing is truly a clear and present danger.”. He writes on sustainable business and finance.

Net Zero 360
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Sustainable Investing is Here to Stay

Chris Hall

The last few years has seen an explosion of investments being labelled green or sustainable. Many large companies announced ambitious net zero targets and the contribution they will make to becoming a net zero economy. Sustainable growth? It is big business.

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Passive Funds Linked to Greenwashing

Chris Hall

Reclaim Finance calls for increased anti-greenwashing regulation for fund managers, and collaboration with index providers. In addition, the findings also contradict the International Energy Agency’s 2050 net zero pathway , according to which there is no room for new oil and gas fields if global temperature rise is to be limited to 1.5°C.

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UK Regulator Targets Greenwashing with New Sustainable Investment Labels and Disclosure Rules

ESG Today

The rules come as investor interest in ESG has undergone significant growth, driving a proliferation of investment products and services marketed as ’ESG,’ ‘green’ or ‘sustainable,’ but without clear rules communicating to investors the actual ESG-related attributes, methodologies and criteria that are being considered in the funds.

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Canada is falling behind in global race to attract sustainable investments: Guilbeault

Corporate Knights

Canada is lagging in its efforts to drive private capital into sustainable investments to finance solutions on climate change and other environmental challenges. Freeland was attending the Sustainable Finance Forum, which was organized by Liberal MP Ryan Turnbull and featured a half dozen of her cabinet colleagues.

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European Regulators Slammed for Approach to Greenwashing Probe

Chris Hall

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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Net Zero Progress by Firms and Governments “Still Too Slow”

Chris Hall

Companies that wait to transition until there is a stronger policy response will face higher costs and a shorter window to achieve net zero commitments. Climate policy response by governments and investment in clean technologies must be accelerated to keep temperature rise near 1.5°C,