Greenwashing: the ESAs understanding Sponsored On 1st June 2023, the European Supervisory Authorities (ESAs) – consisting of the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA) – released their Progress Reports on Greenwashing in the financial sector. These reports present a common high-level understanding of greenwashing applicable to [...]
FCA readies fresh ‘greenwashing’ clampdown with tightened regulation ESG The Financial Conduct Authority will force firms to prove their environmental, social and governance (ESG) claims under a fresh clampdown designed to flush out ‘greenwashing’ from the City.
Greenwashing & Greenbleaching – 7 key points for asset managers Sponsored ESMA (the European Supervisory Market Authority) published a “Progress Report on Greenwashing” – the link to which can be found here (https://www.esma.europa.eu/document/progress-report-greenwashing). The purpose of this report is to pave the way for future legislation but also to “identify preliminary remediation actions” (i.e. to cite clear examples of greenwashing, as a warning to market participants). [...]
Investors’ greenwashing fears must lead to greater City scrutiny February 6, 2024 About three years ago we hit on a seemingly foolproof strategy: we agreed to ask about the City’s three favourite letters: ESG.
New study: What’s holding back sustainable funds? Greenwashing. February 6, 2024 Investments into sustainable funds are reducing due to an increase in greenwashing and scepticism towards environment, social and governance focused investing, a new study has found.
DWS in advanced talks with SEC to resolve greenwashing investigation July 26, 2023 DWS, the German fund manager controlled by Deutsche Bank, said on Wednesday it was engaged in advanced resolution discussions with the US SEC to resolve their ESG investigation, which has been hanging over the company for two years. The firm booked €21m in provisions regarding regulatory matters during the first half of the year. Since [...]
Unilever probed over ‘greenwashing’ concerns – and use of green leaves December 12, 2023 Unilever are under the microscope over 'greenwashing' accusations - with criticism over their use of 'green leaves'
Airlines slapped down by ads watchdog over greenwashing claims December 6, 2023 Adverts for Air France, Lufthansa and Etihad have been banned for giving consumers a misleading impression of the airlines’ environmental credentials. The Google ads, all seen in July, stated that Air France was “committed to protecting the environment” and urged consumers to “travel better and sustainably”, while Lufthansa suggested that its customers would “Fly more [...]
FCA under fire over greenwashing regulation delays July 18, 2023 The City watchdog has come under fire from a top industry group today after it announced it would delay a key set of guardrails for ‘environmental, social and governance’ investment products.
DWS to pay $25m to end US probe into greenwashing September 25, 2023 Deutsche Bank-controlled (DBKGn.DE) investment firm DWS will pay $25 million to settle charges over misstatements regarding its environmental, social, and governance (ESG) investing and failures in policies designed to prevent money laundering, U.S. regulators said on Monday.