News about greenwashing on 2022-06-02
Deutsche Bank Subsidiary CEO Resigns After Greenwashing Raid
Deutsche Bank's chief executive is resigning following a raid at its offices by the authorities into alleged greenwashing, according to reports from the European Union (EU) and the Bank of Germany (DWS), which have been linked to the scandal.
Source: sej.org
Published on 2022-06-02
Im Not Woke , Says JP Morgan CEO Defending Stakeholder Capitalism
The boss of one of the world’s biggest stock exchanges has said he is not woke when he wakes up in the morning because he remains a red-blooded free-market capitalist, according to the Financial Times newspaper .
Source: theepochtimes.com
Published on 2022-06-02
African pension funds lead the way on ESG - African Business
Environmental, social and governance principles are a key part of Africa's investment strategy, according to the leading economist and environmentalist, Joseph Warungu, who has been involved in the development of African pension and social security funds in Africa.
Source: african.business
Published on 2022-06-02
Big tobacco environmental impact is devastating WHO
The world's biggest polluter, the tobacco industry, is being poisoned by climate change, according to a new report by the World Health Organization (WHO) and the United Nations (UN) agency, UN officials have warned.
Source: philstar.com
Published on 2022-06-02
Calls for global regulatory framework to be established to end greenwashing
Deutsche Bank’s chief executive has called for global regulators to work together to tackle environmental claims which could damage the credibility of investors’ investments in the global financial markets, according to a report from the company.
Source: investordaily.com.au
Published on 2022-06-02
Canadian Oil Asks For More Subsidies Despite Soaring Profits
In our series of letters from African journalists, Canadian Financial Times looks at the impact of the coronavirus pandemic on the oil and gas sector, and why the industry is struggling to survive at all, writes the BBC's Chris Stokel-Walker.
Source: menafn.com
Published on 2022-06-02
Climate Change Lawsuits Are Exploding Globally , but Court Wins Are Few
The case against Royal Dutch Shell has been successfully brought in a landmark court case. But what does it mean for the world’s biggest oil companies? The BBC's Chris Stokel-Walker looks at how the process is taking.
Source: insurancejournal.com
Published on 2022-06-02
Deutsche Bank CEO Fixer Hoops Takes Another Leap as DWS Chief
The chief executive of Deutsche Bank, Stefan Hoops, has been appointed as the new CEO of DWS Group, a lender which has struggled with financial crisis. The BBC’s weekly The Boss series profiles different business leaders from around the world.
Source: bnnbloomberg.ca
Published on 2022-06-02
Deutsche Bank DWS chief resigns after company raids for alleged greenwashing
The chief executive of one of the world's biggest financial companies is stepping down, according to reports from the Walls Street Journal and the Financial Times newspapers, as they face a row over alleged "greenwashing" allegations.
Source: econotimes.com
Published on 2022-06-02
Deutsche Bank hit with greenwashing crackdown
The Australian Securities and Investments Commission (SEC) has published a new proposal to regulate environmental growth (Environmental Governance - Environmental Growth) following the raid on Deutsche Welle Asset Management (DWS) in New York. The raid sparked the resignation of the chief executive Asoka Woehrmann within hours.
Source: brisbanetimes.com.au
Published on 2022-06-02
DWS Chief Days Were Already Numbered When Police Showed Up
Deutsche Bank’s chief executive Asoka Woehrmann has resigned after months of controversy. Here is a full transcript of his resignation following the raid on the headquarters of DWS Group, which led to the collapse of the bank.
Source: bnnbloomberg.ca
Published on 2022-06-02
DWS chief resigns amid greenwashing claims
The chief executive of the Cbus Asset Management Fund has revealed his achievements as a senior officer at the fund's annual general spending committee in Aberdeen, County Antrim, which runs the scheme in October.
Source: financialstandard.com.au
Published on 2022-06-02
ESG Market in Canada Faces Greenwashing Risks Due to Poor Data
Climate change is making it harder for investment professionals to establish the real impact of investments labeled as green, according to researchers. Financial experts say they are not very satisfied with the availability of greenhouse gas emissions data.
Source: bnnbloomberg.ca
Published on 2022-06-02
Head of Deutsche Bank Asset Manager Steps Down After Greenwashing Raids
The chief executive of DWS will step down next week, according to a German businessman who has been accused of misleading investors about environmental benefits, the Financial Times has learned. Deutsche Bank’s Asoka Woehrmann has said he will resign.
Source: insurancejournal.com
Published on 2022-06-02
House GOP rolling out energy and climate plan calling for more production
US Republicans are calling for a new energy and climate change strategy which aims to reduce the amount of electricity they use during the coronavirus lockdown, according to the White House newspaper. Why is it going to be announced?
Source: washingtonexaminer.com
Published on 2022-06-02
JP Morgan Jamie Dimon Defends Stakeholder Capitalism Amid Conservative Criticism
The chief executive of JP Morgan Chase is to testify in a US House of Representatives committee on the issue of shareholder capitalism, the Financial Times reports. Why is the bank responsible for climate change and how does it work?
Source: forbes.com
Published on 2022-06-02
Markets Revert to Recent Form as Pessimism Takes Hold | Robins Kaplan LLP
The US economy has fallen to its highest level for more than a decade, according to the New York Times and Wall Street Journal. Here are some of the key points - inflation and services, and what does it mean for those in the US?
Source: jdsupra.com
Published on 2022-06-02
Opening Statement of Chairman Rostin Behnam at the CFTC Voluntary Carbon Markets Convening , Washington , DC
Welcome to the Voluntary Carbon Markets Convening, which takes place in Glasgow on Wednesday. Here is a full transcript of the first meeting of climate change commissioners and former chief executive David Gillers, who took part in the convening last month.
Source: mondovisione.com
Published on 2022-06-02
Regulation on an international level needed to stamp out greenwashing
Deutsche Bank’s chief executive has called for global regulators to work together to tackle environmental claims which could damage the credibility of investors’ investments in the global financial markets, according to a report from the company.
Source: ifa.com.au
Published on 2022-06-02
Sacramento Tax Proposal Could Trigger Climate , Funding Risks
Sacramento residents are being urged to vote on a planned tax increase that would threaten the entire six-county region’s ability to secure funding. But what does this mean for the state and federal authorities in the US?
Source: governing.com
Published on 2022-06-02
SEC Continues ESG Push With Proposed Investment Disclosure and Fund Name Requirements | Seyfarth Shaw LLP
The Securities and Exchange Commission (SEC) has published its latest proposals to tackle greenwashing in investment funds. Here is a full transcript of the proposed rule amendments being considered by the SEC. Environmental, Social, and Governance
Source: jdsupra.com
Published on 2022-06-02
SEC ESG Fines Investment Adviser For Alleged ESG Misstatements In ESG Task Force First Enforcement Resolution | Shearman & Sterling LLP
The Securities & Exchange Commission has announced its first enforcement action in a row over environmental misrepresentations. The BBC’s Chris Stokel-Walker looks at why the task force is being investigated by the agency amid concerns about climate change.
Source: jdsupra.com
Published on 2022-06-02
SEC releases long - awaited ESG proposal for investment companies and investment advisers | Hogan Lovells
The Securities and Exchange Commission (SEC) has announced plans to amend certain rules and forms to protect investors from environmental, social, and governance factors in investment products. Here is the full text of the proposed changes, which will be published later.
Source: jdsupra.com
Published on 2022-06-02
Stagecoach buyer raided by police
The chief executive of Stagecoach, Asoka Wöhrmann, is to resign immediately after a deal was reached between the company and its owner, Deutsche Bank, in the wake of allegations of environmental interference against the transport company.
Source: investorschronicle.co.uk
Published on 2022-06-02
Survey : Legal heavily involved in ESG strategy , less so in compliance
The number of corporate legal departments in the world has risen by more than a third since the 1980s, according to the latest figures from the United States’ Environmental Protection Agency (Environmental protection agency) and the UK’s Financial Crimes Commission.
Source: complianceweek.com
Published on 2022-06-02
Sustainability Financing : Singapore Again Consults on Green Taxonomy and Relevant Standards | Morgan Lewis
Singapore has published a new proposal to classify financial institutions as green, environmentally sustainable and harmful based on their contribution to the environment objectives of the country's green economy. The BBC’s Geeta Pandey looks at the changes.
Source: jdsupra.com
Published on 2022-06-02
Techtextil And Texprocess 2022 : These Highlights Await The International Visitors
The first edition of the world's leading trade fairs, Techtextil and Texprocess 2022, has opened in Germany. Here is the full list of events announced by the organisers. Welcome to a new series of exhibitions and events in June.
Source: textileworld.com
Published on 2022-06-02
The world is at a turning point , but it was business - as - usual in Davos
There’s no denying that the world is gripped by multiple crises, according to Jessica Davis Plüss. Here, she explains why her hometown has produced some of the greatest innovations but can’t seem to solve its housing crisis.
Source: swissinfo.ch
Published on 2022-06-02
Weighing the cost of going green | Good Governance Africa
Africa is facing a massive economic crisis, with the impact of climate change and the threat of recession, writes the BBC's Africa Business editor, Nicholas Barber, on the continent’s impacts on global economy and its ability to rebuild.
Source: gga.org
Published on 2022-06-02
What is greenwashing , the practice that got Deutsche Bank raided ?
Deutsche Bank’s chief executive has resigned following an investigation into allegations of environmental governance (Environmental, Social, and Governance) in Germany, according to reports from the Financial Times and the Wall Street Journal of the Business Daily newspaper.
Source: washingtonexaminer.com
Published on 2022-06-02