Green energy: Subsidies need planning reform to stop firms being lured by US billions – Wartsila boss February 6, 2023 Subsidies for green energy will only lead to a ramp up of renewables if they are matched with planning reforms, warned Wartsila.
Special Youth Takeover Episode: Perception, Pathways and Progress within financial services February 6, 2023 | Sponsored DiverCity® Podcast · Special Youth Takeover Episode: Perception, Pathways and Progress within financial services We kick start Series 15 with a special Youth takeover episode. Host Julia Streets is joined by Chloe, Sirad, Megan and Harrison all of whom work as Young Consultants with the organisation Participation People. They share their perceptions of financial services [...]
FCA landed on ‘suspiciously round numbers’ to justify greenwashing rules, top MP claims January 30, 2023 The chair of the influential Treasury committee has slammed the Financial Conduct Authority (FCA) over its planned 'greenwashing' rules, claiming the regulator landed on "suspiciously round numbers" to justify the plans and questioned the methodology it used to reach its conclusions.
‘Get ESG-ready’ Series: Why does ESG data need to be assured to International Accounting Standards? January 30, 2023 | Sponsored In my last article, ‘What is ESG and why is it relevant now?’ I highlighted that central banks and financial regulators worldwide are coming together with the shared goal to “counter greenwashing” (the practice of claiming ESG performance in excess of actual performance) and to ensure that ESG data is meaningful. As part of this [...]
FCA’s new sustainability rules to establish UK as world leader on anti-greenwashing January 25, 2023 Industry figures today claimed the UK was set to become a global leader in the fight against so-called greenwashing after the conclusion of a consultation by the financial regulator. The new rules aim to clamp down on greenwashing, when firms make exaggerated or misleading claims about the environmental credentials of their investment products. The Financial [...]
Mark Carney’s net zero group disputes data showing only 7 per cent of banks’ energy financing goes to renewables January 24, 2023 Only seven per cent of global banks’ energy financing between 2016 and 2022 went towards renewable energy projects, according to new data, although Mark Carney’s net zero financial coalition has disputed the claim. A report by a group of campaign groups, including BankTrack and Rainforest Action Network, indicates “major failings” by financial institutions to help [...]
Fintech Scaling Show Podcast: The Evolution of Fintech in 2023: In Conversation with GFA Exchange with Joel Blake January 24, 2023 | Sponsored In recent years, fintech has taken the centre stage in helping facilitate an inclusive financial ecosystem, with far-reaching digital solutions that have the potential to unlock the nearly two billion people worldwide who are excluded from formal financial services. In this informative and thoughtful podcast, Joel Blake OBE, Founder & CEO of GFA Exchange sat [...]
Veganuary: New £240m fake meat fund looks to disrupt and decarbonise the food industry January 23, 2023 Milltrust Ventures and Earth First Food Ventures are set to launch a new $300m (£242m) Smart Protein Fund tomorrow to back alternative proteins and decarbonise the food industry, CityAM can reveal. Over $600m was invested in total in the cultivated meat sector last year, and the alternative protein market, which includes imitation meats [...]
‘We’re all terrified of being accused of greenwashing’, Standard Chartered boss tells Davos January 19, 2023 Standard Chartered CEO Bill Winters demanded clear rules on climate financing at a Davos meeting as potential lenders are “terrified of being accused of greenwashing”. Winters agreed with panellists that there needed to be much more action on financing climate change initiatives. However, he warned there needed to be standards on “what’s a good project [...]