EU votes to ban unsupported carbon neutral claims
May 17, 2023
The European Parliament has voted to support a proposed ban on environmental claims that are based solely on carbon offsetting schemes.
The ‘Directive on Green Claims’ would …
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ASIC cracks down on greenwashing
May 12, 2023
Australia’s financial watchdog has been taking active steps to address greenwashing with 35 interventions in the space of nine months.
In a new report, the Australian Securities and Investments Commission (ASIC) …
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BAT fined $629M for North Korea sanction breaches
April 28, 2023
Cigarette maker British American Tobacco (BAT) has paid penalties totalling more than $629 million (£503.5 million) to US authorities to settle charges related to breaches of sanctions against North …
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EU adds financial services to due diligence proposal
Proposed legislation will hold financial services firms based in or operating in the EU accountable for human rights and environmental violations in their value chain.
The latest draft of the European Commission’s …
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The UK’s charities regulator has scrapped words such as “ethical” and “responsible” from its investment guidelines in a major overhaul designed to modernise its advice for non-profits.
The Charity Commission has proposed “retiring” certain phrases that charities have said are …
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European Commission updates SFDR guidance
April 20, 2023
The European Commission (EC) has amended guidance to clarify how to interpret the Sustainable Financial Disclosure Regulation (SFDR).
In response to questions posed by the European Supervisory Authorities, the updated guidance confirmed …
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Pilot test shows TNFD requires further guidance
April 13, 2023
Taskforce on Nature-related Financial Disclosures (TNFD) requires further guidance, according to results from pilot testing of the beta framework.
The UNEP FI-led pilot found that the current version of the …
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FCA delays introduction of SDR
April 12, 2023
The Financial Conduct Authority (FCA) has postponed the introduction of rules aimed at eradicating greenwashing across the UK’s asset management sector.
The UK regulator has delayed the implementation date for sustainability disclosure …
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March 24, 2023
The European Commission has proposed new rules on companies’ environmental claims – but some campaigners say they don’t go far enough.
Companies will be required to obtain independent verification of any environmental claims linked to their products, …
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