June 5, 2024
The EU’s three primary financial services regulators have called for improved supervision and market practice to enhance the integrity of sustainability-related claims in the financial sector.
The European …
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Canadian regulator launches greenwashing investigation into lululemon
May 16th, 2024
Competition Bureau Canada has begun an investigation into lululemon over allegations of greenwashing.
The investigation comes after stand.earth, an environmental advocacy organization, filed a complaint with the bureau claiming lululemon …
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EU Parliament adopts voluntary certification framework for carbon removals
April 11th, 2024
Members of the European Parliament (MEPs) voted to adopt an agreement to establish an EU certification framework for carbon removals.
The certification framework aims to boost high-quality carbon …
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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.…
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SEC and ASIC crack down on greenwashing
August 16th, 2023
The Australian and US national financial regulators are taking legal action against companies accused of greenwashing funds and misleading investors.
The Australian Securities and Investment Commission (ASIC) and the US …
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August 1, 2023
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.
The …
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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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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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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, …
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