News about greenwashing on 2022-06-01

A Win for Big Tech at the Supreme Court
A crackdown on the public shell firms known as special purpose acquisition companies that began at the S.E.C. has reached Congress, and new legislation is in progress.DWS chief executive Asoka Wöhrmann says he is resigning.
Source: nytimes.com
Published on 2022-06-01

Ahead of the curve : tie executive pay to climate targets
Two of the world's biggest equity firms are looking at how to manage their portfolios, and how they are managed to keep investors afloat in the financial markets - and what does it mean for those involved?
Source: ipe.com
Published on 2022-06-01

Artistes Join Climate Activists
Climate activists have taken part in a series of events in Africa to highlight the dangers of the proposed East African crude oil pipeline, which has threatened wildlife and habitats across the continent, and has left millions of people dead.
Source: maurice-info.mu
Published on 2022-06-01

Big Airline Are Betting on False Solutions to Cut Emissions , Greenpeace Says
European airlines are putting up a smokescreen of false solutions to cut greenhouse gas emissions, according to Greenpeace activists, campaigners and environmentalists, BBC Monitoring reports reveal. Climate change is threatening Europe’s economy.
Source: bnnbloomberg.ca
Published on 2022-06-01

Big tobacco environmental impact is devastating : WHO
The world's biggest polluter, the tobacco industry, is being poisoned by climate change, according to the World Health Organization (WHO). The UN has called for the industry to be held to account and foot the bill for its cleanup.
Source: ewn.co.za
Published on 2022-06-01

Canadian Oil Asks For More Subsidies Despite Soaring Profits
In our series of letters from African journalists, Canadian business editor Larry Madowo looks at the impact of the coronavirus pandemic on Canada’s oil and gas industries, writes the BBC's Chris Stokel-Walker, who explains why.
Source: oilprice.com
Published on 2022-06-01

Citi : Oil Is Overvalued By $50 Per Barrel
Oil prices have fallen to their lowest level in more than a decade, according to the chief economist of the US financial giant, Citigroup, in the New York Stock Exchange (CBI) index, with analysts warning that demand growth could be down.
Source: oilprice.com
Published on 2022-06-01

Climate Change Lawsuits Exploding , but Few Wins So Far
The case against Royal Dutch Shell has taken more than a decade, but it hasn’t happened yet. Why is it taking so long to reach the end of the legal battle between the company and the world’s biggest polluters?
Source: claimsjournal.com
Published on 2022-06-01

Commentary : Will MiFID II and ESG preferences lead to a Copernican revolution for savings in Europe ?
The European Union's MiFID II financial strategy is to be extended by 2024, according to the European Financial Conduct Authority (EIU). Here is a look at the challenges facing asset management companies, and how they are being treated.
Source: pionline.com
Published on 2022-06-01

Daily on Energy : The next front in the energy war with Russia
This week, we’ll have another update for you on the US affairs - and we'll be looking at what's happening in Washington this week when it comes to the latest sanctions package for Russian oil exploration and gas.
Source: washingtonexaminer.com
Published on 2022-06-01

Deutsche Bank asset management head resigns amid greenwashing probe
The chief executive of DWS Group has resigned amid a row over allegations of greenwashing in the company’s shares, according to the Deutsche Welle Financial Services (DWS) . However, it is still being investigated.
Source: complianceweek.com
Published on 2022-06-01

Deutsche Bank raided in greenwashing probe
German police have raided the offices of Deutsche Bank's chief executive, DWS Group, in a row over alleged greenwashing allegations against the lender, according to reports from the German prosecutor.DWS has been accused of inflating its environmental image.
Source: arkansasonline.com
Published on 2022-06-01

Deutsche Bank subsidiary CEO Asoka Woehrmann resigns after greenwashing raid
The chief executive of one of the world's biggest financial firms is to step down amid a row over allegations of corruption against the company. Deutsche Bank has said it is looking to clear the way for new starts in its business.
Source: businesstoday.in
Published on 2022-06-01

Deutsche Bank subsidiary CEO resigns after greenwashing raid | The Malta Business Weekly
The chief executive of Deutsche Bank (DWS) is stepping down as part of an investigation into allegations of misconduct against the financial services company, it has been revealed by analyst Andre Camilleri, who spoke to the BBC on Wednesday.
Source: maltabusinessweekly.com
Published on 2022-06-01

Deutsche Bank subsidiary DWS CEO resigns after greenwashing raid
The chief executive of one of the world's biggest financial firms is to step down as part of a fresh effort to protect the institution from corruption, prosecutors have told Deutsche Bank, amid allegations that the company exaggerated the sustainability of some of its products.
Source: business-standard.com
Published on 2022-06-01

Deutsche Bank Unit CEO Resigns Over Greenwashing Raid
Asoka Woehrmann has stepped down as chief executive of Deutsche Welle (DWS) after a whistleblower claimed the company misled investors in its annual report, Euronews reports. They were also accused of misconduct.
Source: oilprice.com
Published on 2022-06-01

Deutsche replaces DWS CEO after greenwashing
The chief executive of one of the world’s biggest banks has resigned, amid a growing scrutiny over the impact of greenwashing on sustainability claims in the financial markets of Europe and the US, German lender Deutsche Bank has said.
Source: taipeitimes.com
Published on 2022-06-01

dws : Deutsche Bank subsidiary CEO resigns after greenwashing raid
The chief executive of one of the world's biggest financial firms is to step down amid a row over allegations of corruption against the company. Deutsche Bank has said it is looking to "clear the way" for the new start.
Source: economictimes.indiatimes.com
Published on 2022-06-01

DWS CEO hands in resignation after greenwashing raid at offices
The chief executive officer of one of the world’s biggest financial institutions is stepping down, Deutsche Bank has announced, as part of its annual general assembly (AG) in Germany on 6 June, in a dispute over sustainability criteria.
Source: ipe.com
Published on 2022-06-01

DWS chief resigns in wake of greenwashing raid
Deutsche Bank's chief executive, Markus Woermann, has announced he is stepping down from the banking giant after a series of allegations of mismanagement. They have left the firm "unfounded or undefendable" claims.
Source: professionaladviser.com
Published on 2022-06-01

DWS Sends Shock Wave Through ESG Fund Management Industry
The collapse of DWS Group is a turning point for an industry that this year ballooned to more than $40 trillion. Here are some of the key moments in the financial crisis - and what does this mean for the industry? The BBC’s weekly The Boss series profiles different business leaders from around the world.
Source: bnnbloomberg.ca
Published on 2022-06-01

Elon Musk Takes Dig at Deutsche Bank Greenwashing Raid After Tesla ESG Snub
Environmental activist Elon Musk says he has yet to see a list that isn’t fraudulent following allegations that two of his investors falsely promote themselves as more green and sustainable than they really are. Financial experts have said it is not fraud.
Source: theepochtimes.com
Published on 2022-06-01

Energy transition , funding African infrastructure and sustainable finance | White & Case LLP
In our series of letters from African journalists, Sibusiso Zungu looks at how South Africa's climate change strategy could be funded by the UK, US, EU, France, Germany and the United Nations (EU) to support its decarbonisation efforts.
Source: jdsupra.com
Published on 2022-06-01

ESG derivative next challenge : going mainstream
In our series of letters from African writers, economists and business leaders look at the challenges facing sustainability-linked derivatives markets in the UK and beyond. The BBC's James Jeffrey looks at how these financial products are being developed.
Source: ifre.com
Published on 2022-06-01

ESG gap widens : EU rules become more prescriptive as US proposals wait in the wings | Thomson Reuters Regulatory Intelligence and Compliance Learning
Welcome to a free email briefing service which aims to help readers find out more about their favourite topics on the web. Please adhere to the rules - here are some of the key steps you need to learn about the issue.
Source: jdsupra.com
Published on 2022-06-01

ESG investing : So just how big a problem is greenwashing ?
The former chief executive of Deutsche Bank, Kirk Kirk, has said he doesn’t believe the environmental sustainability market is a threat to his economy, according to reports from the New York Times and Financial Times newspapers.
Source: afr.com
Published on 2022-06-01

European airlines not meeting climate commitments - Greenpeace European Unit
Greenpeace has accused European airlines of putting up a smokescreen of false solutions to distract from their staggering greenhouse gas emissions, and keep transport in the EU hooked on oil, according to an environmental campaign group in Brussels.
Source: greenpeace.org
Published on 2022-06-01

European Regulatory Update : united kingdom and EU Ingredient Management
The UK's departure from the European Union is a key part of the Brexit process, according to the British government. Here, we explain why the UK cosmetics legislation could be retained in UK law, and how they can be changed.
Source: cosmeticsandtoiletries.com
Published on 2022-06-01

European Stocks Make Mixed Start to June as Inflation Fears Persist ; Dr . Martens Up 25 %
Shares in Dr. Martens and DWS have fallen sharply after the German prosecutors raided the headquarters of the firm's chief executive and resigned as a result of concerns about inflation and rising prices in the eurozone.
Source: nbcconnecticut.com
Published on 2022-06-01

German Police Raid Deutsche Bank Over Greenwashing Lies
Prosecutors in Germany have said they have found "sufficient factual evidence" that two of the biggest financial firms have sold investments as "greener" or "more sustainable" than those actually were. They have told the BBC that the investigation is being investigated.
Source: crooksandliars.com
Published on 2022-06-01

Germany top fund manager plunged into crisis over allegations of greenwashing
The boss of Deutsche Wall Street (DWS) has resigned after a former executive accused the company of misleading environmental statements. The BBC's weekly The Boss series profiles different business leaders from around the world - and from across Europe.
Source: msn.com
Published on 2022-06-01

Getting ESG right for the textile industry
Environmental, social and governance is a critical part of corporate performance, according to the chairman of the UK's largest environmental agency (EIU) group. But why are these efforts being ramped up across the sector?
Source: timesofindia.indiatimes.com
Published on 2022-06-01

Green and Bear It : SEC Proposes ESG Rules for Advisers and Registered Funds | Morgan Lewis - ML Benefits
Environmental, social, and governance investment practices could be enhanced under a new rule being approved by the US Securities and Exchange Commission (SEC) in the wake of the Trump administration’s decision to approve environmental rules for advisers and funds.
Source: jdsupra.com
Published on 2022-06-01

Greenwashing allegations : Tremors at DWS
The chief executive of Deutsche Bank, Asoka Wöhrmann, is to step down following a raid on the listed fund provider, DWS. Here are some of the key things you need to know about the two financial giant's latest news.
Source: tellerreport.com
Published on 2022-06-01

Greenwashing Probe Underscores Need For Global Regulation
This is a full transcript of the latest batch of spam messages sent to us from across the UK during the coronavirus pandemic. Warning: This contains images of abuse and misinformation being shared by those who have signed up.
Source: valuewalk.com
Published on 2022-06-01

Head of Deutsche Bank DWS steps down after greenwashing raids By Reuters
The chief executive of Deutsche Wealth Service (DWS) is to step down next week, according to a spokesman for the company's chairman Asoka Woehrmann, who has been accused of misleading investors about environmental policies.
Source: investing.com
Published on 2022-06-01

Investors should require companies to tie executive pay to ESG targets
Climate change is a serious problem for investors, according to the former chief executive of Allianz Asset Management. The BBC's Christine Blasey looks at the impact of climate change on the sector. Why is it so important?
Source: ipe.com
Published on 2022-06-01

Korean firms in dilemma over RE100
Visitors to the World Cup will be able to choose between their favourite players - including Cristiano Ronaldo, Lionel Messi, Ronald Reagan, Alexis Tsipras, Justin Trudeau, Mark Zuckerberg and Jonathan Turing. They also visited Qatar.
Source: koreatimes.co.kr
Published on 2022-06-01

Malaysian consumers want their banks to be green : Report
Consumers in Malaysia have little trust in the industry’s sustainability credentials, according to a new report. Why is the attitude to green finance globally increasingly being rejected by financial institutions and why does this change affect the environment?
Source: thesundaily.my
Published on 2022-06-01

New Greenpeace report finds Europe biggest airlines failing over climate claims
A new report suggests that European airlines are failing to reduce their greenhouse gas emissions in line with the Paris Agreement. The BBC's weekly The Boss series profiles different business leaders from around the world and across Europe. Climate change and the impact of climate change.
Source: greenpeace.org
Published on 2022-06-01

Newsquawk US Early Morning : Equity futures are mixed ahead of manufacturing ISM , Fedspeak , ECBspeak
The US equity markets have given up overnight gains, and are currently mixed around the unchanged mark ahead of today’s key data and economic releases, which kicks in on Thursday. Here is a full report from Newsquawk.
Source: zerohedge.com
Published on 2022-06-01

Nigeria : Tobacco Industries Cost World 8 Million Lives , 600 Million Trees Annually - Official
The World Health Organization (WHO) has warned that tobacco is the world's second-largest pollution of cigarette leaves in a decade, making it the largest of its kind in the UK and Northern Ireland, and the worst of the country.
Source: allafrica.com
Published on 2022-06-01

Qatar World Cup carbon - neutrality claim simply not credible says report
Claims that the FIFA World Cup will be the first carbon-neutral event in history are "far-fetched" and rely on "creative accounting", according to a report, which has been published by the BBC's Chris Stokel-Walker.
Source: dezeen.com
Published on 2022-06-01

ReSuit Aims to Revolutionize the Way We Buy and Share Clothing
In our series of letters from African journalists, writer and columnist Adaobi Tricia Nwaubani looks at the challenges facing the fashion industry and how it is changing the way they consume their clothing. Here are some of the key facts about ReSuit.
Source: sina.com.hk
Published on 2022-06-01

SEC Proposes Additional Disclosures by Certain Investment Advisers and Funds about ESG Investment Practices | Dechert LLP
The US Treasury has published a new proposal which would require investment advisers to disclose their environmental, social and governance investment practices. Here is the full text of the proposed changes to the rules and forms being considered.
Source: jdsupra.com
Published on 2022-06-01

The Potential of a Hot War Between the U . S . and Russia
The war in Ukraine and its potential to escalate is top of mind for me this week as President Joe Biden declares that he will send advanced rocket systems to the European Union and the United Kingdom. What responsibility do the US or individuals have to help innocents around the world afflicted in ways like these?
Source: msn.com
Published on 2022-06-01

Wall Street lawyers attack SEC effort to crush greenwashing
The Secretary of State (SEC) has proposed a new regulation to ensure funds labeled as greenhouse gas emissions stewards invest at least 80% of their assets. But what does this mean for the financial industry and how can the government expect investment firms to know what they mean?
Source: financial-planning.com
Published on 2022-06-01

What Are Carbon Bonds and Why Are They So Criticized ?
Latin America and the Caribbean have become the world's largest carbon markets, according to a new report released by the UN. The latest proposals have been published in the journal The New York Times . But what does this mean for the region?
Source: latinamericanpost.com
Published on 2022-06-01

What is # Swedengate ? The evolution of an internet trend , from memes to colonialism
Sweden has been accused of offering food to its guests, but what has it done to attract a negative attention? The BBC's Swedish correspondent Matt Hancock looks at what happened to the country. Why has the scandal rocked the Nordic country?
Source: msn.com
Published on 2022-06-01

WHO Denounces Tobacco Industry for Greenwashing - LatinAmerican Post
The global health problem is not all there is to worry about when discussing cigarettes, according to the World Health Organization (WHO) in a report published on Tuesday. Why is the tobacco industry responsible for climate change and how is it affecting the environment?
Source: latinamericanpost.com
Published on 2022-06-01