Lawmakers in the European Parliament voted 418-79 on Thursday to approve the adoption of a new European Green Bond (EuGB) label, aimed at fighting greenwashing and providing investors with confidence that their investments are being appropriately directed towards financing sustainable…
Lawmakers in the European Parliament voted 470-120 to approve new legislation mandating that renewables constitute 42.5% of the EU’s energy consumption by 2030, as well as setting more ambitious clean energy targets to several high-emitting sectors, and speeding up the…
Steps continue to be taken in the quest to establish a common reference in the field of circular economy. The ISO 59000 series represents a significant stride toward the creation of standards for the circular economy. The initial drafts presented…
More than 90% of executives are expecting to meaningfully increase their spending this year on ESG data, with the vast majority believing that ESG data investment is required to keep pace with competitors or to develop a competitive advantage, according…
Geneva, 6 September 2023 – Today, 27 of the world’s largest nature conservation organizations, institutes, business and finance coalitions, including WBCSD, have come together to launch a new initiative aimed at driving alignment around the definition, integrity and use of the…
‘Woke’ debate distracts from fiduciary duties to investors and society The backlash in the USA against ESG (Environmental, Social and Governance), such as legal moves in the State of Texas to restrict financial institutions from using ESG investing criteria, raise…
Corporate and sovereign credit quality is likely to be impacted by heightened ESG risks in 2023, with contributing factors including greater scrutiny of climate-related plans and growing regulatory and political pressures exacerbated by the macroeconomic and geopolitical issues stemming from…
EU banking supervisor The European Banking Authority (EBA) announced the publication of its new “Roadmap on Sustainable Finance,” detailing its 3-year priorities and plans in the areas of sustainable finance and in supporting and monitoring the integration of ESG risk…
High-profile electric vehicle maker Tesla was removed from the S&P 500 ESG Index in the benchmark’s annual rebalancing, as the company’s ESG score was held back by its lack of a low-carbon strategy, and its exposure to risk stemming from…
ESG funds are popular, but research has found the sector is rife with greenwashing. Lawyers warn a reckoning is coming. When Lucy Carraz moved her investment account to online wealth platform Nutmeg in November, she wanted her money invested in…