Members of the European Parliament (MEPs) voted to adopt an agreement to establish an EU certification framework for carbon removals.
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The Financial Conduct Authority (FCA) has revealed its final Sustainability Disclosure Requirements (SDR) and investment label regime, including a new ‘mixed goal’ label.
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ICMA highlights areas of concern in green bond market October 18th, 2023 The International Capital Market Association (ICMA) has identified four key areas of concern for sustainable bonds in its ‘market integrity and greenwashing risks in sustainable finance’ report. The report highlighted lack of ambition, strategic inconsistency, mismanagement of wider sustainability risks and actual deception […]
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The Australian and US national financial regulators are taking legal action against companies accused of greenwashing funds and misleading investors.
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The Australian Securities & Investments Commission (ASIC) has filed a lawsuit against Vanguard’s Australian entity for not applying appropriate ESG filters on some of its supposedly ethical funds.
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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 prohibit companies from using generic labels such as “environmentally friendly” or “carbon neutral” without detailed evidence. The […]
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The EU Commission has proposed new rules on companies’ environmental claims – but some campaigners say they don’t go far enough.
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FCA sets “higher bar” for greenwashing January 31, 2023 The UK regulator’s proposals to suppress greenwashing set a “higher bar” than the EU’s rules, according to the UK Sustainable Investment and Finance Association (UKSIF). Representing firms overseeing £19trn of assets, the group stated they were “strongly supportive” of the Financial Conduct Authority’s (FCA’s) proposed sustainability […]
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GFANZ criticisms raise fossil fuel divestment debate January 25, 2023 Concerns over greenwashing, and the current reality of fossil fuel investment and divestment, have been raised again in an analysis of the Glasgow Financial Alliance for Net Zero (GFANZ) by a collective of 15 NGOs under the banner of NGO and think tank Reclaim Finance. […]
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Proposals target investor protection issues July 1, 2021 The International Organization of Securities Commissions (IOSCO) says more efforts are needed to curb greenwashing in the asset management industry and has called for feedback on planned recommendations surrounding sustainability-related regulatory and supervisory expectations. A new report from the umbrella group of global securities regulators centres on […]
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