Stricter ESG rules needed to stamp out greenwashing, City minister warns July 18, 2022 Sustainable investing needs stricter standards in place or greenwashing will continue to rise, the newly appointed City minister warned today.
How do the ESG requirements apply to crypto? July 15, 2022 Cryptocurrency and blockchain firms need to consider their ESG position, say Sam Robinson and Laura Houet of CMS Law.
Exclusive: 75 per cent of corporate legal departments are over budget July 14, 2022 The majority of corporate legal departments are running over budget, with almost a third doing so “substantially”. Around sixty per cent have seen an increase in their workload over the past year, but they have struggled to cope with budgetary constraints, and are over-spending. The data was published in the 2022 State of the Corporate [...]
ESG faces reckoning after being ‘hijacked’ by marketeers, EY sustainability chief warns July 14, 2022 EY’s sustainability chief said the ‘environmental, social and governance’ (ESG) label had been “hijacked” by marketeers today as the firm called for greater scrutiny and regulation of the space to prevent it falling into “disrepute”.
Exclusive: ESG funds slump behind peers as energy and defence stocks bolstered by war July 12, 2022 Environmental, social and governance (ESG) funds in the UK have slumped below their industry peers this year as oil & gas, mining and defence stocks surge in the wake of war in Ukraine, new research has revealed.
Greenwashing creates ‘false confidence’ in climate fight, environment chief warns July 4, 2022 Rampant greenwashing is creating a "false confidence" in the fight against climate change and threatening to to derail efforts to hit net zero targets, the chief of the UK’s environment agency will warn today.
‘ESG inflation’ running rampant, FCA director warns June 30, 2022 The ESG chief of the UK’s top financial watchdog said that “ESG inflation” was running rampant today as the regulator looks to clamp down on the use of the label in investment data and ratings.
FCA throws weight behind ESG regulation June 29, 2022 The UK’s top financial watchdog has thrown its weight behind the regulation of environmental, social and governance (ESG) ratings today, saying there is a “clear rationale” to bring them within its remit.
PwC hires 50 ESG focused interns as Big Four seek to capitalise on sustainability push June 29, 2022 PwC is set to bring in 50 new interns entirely focused on climate and ESG amid a race amongst the world’s biggest companies to capitalise on the rise of sustainability reporting. The Big Four firm said 50 of its 500 new interns will be focused on matters concerning ESG. PwC’s ESG chief Zubin Randeria said [...]
Exclusive: We need a business mindset shift and new tools to get us there, says City insider June 20, 2022 ESG commitments for 2030 are high on the boardroom agenda, but are we asking the right questions? The big money question is, even if we meet our sustainability targets, does that secure the social conditions and environmental resources that we will need for businesses to operate in the future? Across the City, a viewpoint on [...]