ESMA Sets Rules for ESG and Sustainability Claims in Fund Names

The European Securities and Markets Authority (ESMA) has issued new guidelines aimed at cracking down on misleading environmental, social and governance (ESG) claims used in the naming and marketing of investment funds.

Workiva Survey Reveals ESG Reporting Challenges as Regulations Intensify

A new global survey from Workiva has shed light on the mounting pressures facing companies as they grapple with rising environmental, social and governance (ESG) reporting regulations and stakeholder demands.

Lululemon Faces Investigation Over Environmental Marketing Claims

Canada's Competition Bureau has opened a formal investigation into whether athletic apparel company Lululemon engaged in deceptive marketing practices related to environmental claims in its advertising campaigns.

ESG Reporting Faces Steep Challenges Amid Rising Global Regulations

A major new study from Workiva has revealed that companies around the world are struggling to adapt their environmental, social, and governance (ESG) reporting processes to comply with emerging regulations like the Corporate Sustainability Reporting Directive (CSRD) in the European Union.

Britain's Enforcement Crackdown on Greenwashing in Finance Sector to Take Effect May 31st

Britain's financial watchdog has confirmed that its pioneering anti-greenwashing rule aimed at combating misleading environmental claims will come into full force from May 31. The move by the Financial Conduct Authority (FCA) marks a significant step in the global effort to ensure transparency and accountability in the rapidly growing sustainable investment market.

NYC Comptroller and Pension Boards Secure Climate Disclosure Agreements with Major Banks

New York City's Comptroller, alongside trustees of the New York City Employees’ Retirement System, Teachers’ Retirement System, and Board of Education Retirement System (the Pension Systems), has secured agreements with three of North America's largest banks: JPMorgan Chase, Citi, and the Royal Bank of Canada. These agreements commit the banks to regularly disclose their ratio of financing for clean energy supply to financing for fossil fuel extraction, known as the Energy Supply Ratio, along with the underlying methodology.

SEC Pauses Implementation of Climate Rule Amid Legal Battles

The Securities and Exchange Commission (SEC) has announced a temporary halt in the implementation of its new climate disclosure rule as it engages in legal battles over its legality. This decision, disclosed on Thursday, comes as the SEC faces challenges in court regarding the enforcement of the measure.