greenwashing
French court penalizes TotalEnergies for deceptive greenwashing claims
HeadlinesSustainable funds market inflows halve as ESG falls out of favour
Top StoriesSpain’s Iberdrola calls for greenwashing rules
Top StoriesRegulators lack resources to tackle greenwashing, says EU watchdog
Global watchdog proposes new ethics code to combat greenwashing
Date: January 29, 2024
Global watchdog proposes new ethics code to combat greenwashing By Simon Jessop and Huw Jones LONDON (Reuters) – Firms that check environmental, social and governance claims made by companies will be asked to follow a proposed new ethics code to help combat greenwashing, the chief of a global standards body told Reuters. Trillions of dollars...
Banks behind 70% jump in greenwashing incidents in 2023 -report
Date: October 3, 2023
Banks behind 70% jump in greenwashing incidents in 2023 -report LONDON (Reuters) – The number of instances of greenwashing by banks and financial services companies around the world rose 70% in the past 12 months from the previous 12 months, a report on Tuesday showed. European financial institutions accounted for most instances and much of...
Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources
Date: July 25, 2023
Exclusive-U.S. SEC readies penalty for DWS in greenwashing probe by end September -sources By Chris Prentice and Tom Sims NEW YORK/FRANKFURT (Reuters) – The U.S. Securities and Exchange Commission is preparing to resolve a two-year probe into allegations of greenwashing by the German fund manager DWS, with a fine by the end of September, two...
What’s in a name? EU watchdog cracks down on ESG investment funds
Date: November 18, 2022
By Huw Jones LONDON (Reuters) – The European Union’s securities watchdog on Friday proposed strict curbs on how investment funds are sold in the bloc if they tout environmental, social and governance (ESG) credentials to attract cash. ESG funds have grown in popularity in recent years and in the second quarter of this year accounted...
UK financial watchdog proposes rules to stamp out ‘greenwashing’
Date: October 25, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog has proposed new rules from 2024 for funds and their managers to prevent consumers being mislead by ‘greenwashing’ or exaggerated claims regarding environmentally friendly investments. Trillions of dollars have flowed globally into investments touting their environmental, social and governance (ESG) credentials, but rules on what constitutes...
The end of Greenwashing?
Date: September 26, 2022
By John O’Donovan, Partner and Head of Banking & Finance at law firm Harold Benjamin Being sustainable and environmentally friendly has been at the forefront of every organisation’s strategic agenda for some time. Events such as COP26, and frameworks such as the Green Loan Principles setting out the components for a loan to be considered...