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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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AllianceBernstein: Reflections on COP28: Opportunities Amid Challenges

3BL Media

This is well below the US$387 billion a year that developing countries need, according to the United Nations Environment Programme (UNEP)’s Adaptation Gap Report. One of the ways to increase funding, according to UNEP, is for the Loss and Damage Fund to move toward more innovative financing mechanisms.

UNEP 147
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The ESG Interview: Dancing into the Mainstream

Chris Hall

This is the assessment of Eric Usher, Head of the UN Environment Programme Finance Initiative (UNEP FI) which brings together the United Nations and the financial sector to develop responsible investment agendas. Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”.

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Faster Action Urged on ESG Disclosure Standards and Frameworks

Chris Hall

Eric Usher of Head, UNEP Finance Initiative (UNEP FI), suggested taxonomies, standards and reporting frameworks should provide support for sustainability-led business models, rather than being a catalyst for them. . UNEP FI works with financial industry frameworks to set norms, or pre-standards. Holistic approach .

UNEP 52
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Take Five: Jam Open the Closing Window

Chris Hall

As well as echoing UN Climate Change’s assessment that nationally determined contributions needed significant strengthening, the UNEP report said the financial system “must overcome internal and external constraints” to become a critical enabler, putting the annual investment needed for a global transition to a low-carbon economy at US$4-6 trillion.

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TNFD: A Pivot Point for Nature

Chris Hall

It was supported by an informal technical expert group, and a founding partner group consisting of Global Canopy, UNDP, UNEP FI, and WWF, to develop recommendations for more effective nature-related disclosures in order to promote more informed investment decision-making.

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Scaling Corporate Climate Action

Chris Hall

In the UK, a Green Technical Advisory Group (GTAG) was created to support the development of a green taxonomy, intended to provide a universal framework to define investments that are environmentally sustainable as well as to help businesses avoid greenwashing claims. What does a credible strategy look like?