Global Finance Leaders Feel Sustainability Reporting Lacks Credibility: EY
Over 50 percent felt that disclosing nonfinancial performance metrics related to ESG factors was doubtful.
EU Regulators Push for Clearer Sustainable Finance Rules
The ESAs have issued recommendations to improve the sustainable finance disclosures regulation, aiming to enhance transparency and combat greenwashing in financial services.
New EU Rules Crack Down on Greenwashing in Fund Names
ESMA found a fourfold increase in the use of ESG terms in European fund names over the past decade. However, this has led to some asset managers misleadingly labelling funds as “sustainable” to attract investors, which amounts to greenwashing.
Controversy Over SBTi Approval of Allowing Carbon Credits for Scope 3 Emissions Offsetting
The organization will now allow companies to use carbon credits to offset their Scope 3 emissions, which includes their entire value chain, in their pursuit of net-zero targets.