Gustavo Bernal Torres
Green Bonds, Empty Promises
Law professors Quinn Curtis, Mark Weidemaier and Mitu Gulati examined almost 1,000 green bond prospectuses over the past decade. Utilizing...
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Gustavo Bernal Torres
- Jan 21
- 1 min
Legislation to Boycott ESG May Cost State Taxpayers up to $700 Million in Excess Payments
Conservatives pushing anti-sustainable legislation and directives in six states could result in taxpayers wasting hundreds of millions...
Gustavo Bernal Torres
- Jan 15
- 1 min
Wall Street's New ESG Money-Maker Promises Nature Conservation — With a Catch
Belize is home to a threatened coral reef and a mountain of sovereign debt. It’s become a test case for a new kind of finance that mixes...
Gustavo Bernal Torres
- Nov 18, 2022
- 1 min
On The Whole FTX/SBF Saga
"ESG has been perverted beyond recognition" Sam Bankman-Fried We’re posting this final article to show that the whole anti-ESG narrative...
Gustavo Bernal Torres
- Nov 4, 2022
- 1 min
Mines, Pipelines and Oil Rigs: What HSBC’s ‘Sustainable Finance’ Really Pays For
HSBC allegedly funneled billions of dollars into expanding fossil labeled fuels, air travel and other polluting activities and labelled it...
Gustavo Bernal Torres
- Oct 28, 2022
- 1 min
Climate Action 100+ Net Zero Company Benchmark
Interim cycle of Benchmark assessments provides investors with timely data to inform engagement strategies ahead of upcoming proxy...
Gustavo Bernal Torres
- Aug 26, 2022
- 1 min
Finance Groups Risk Being Kicked Out of Mark Carney-Led Climate Coalition
Independent body will have the power to eject members for not meeting new criteria such as ending coal financing. Beefed-up checks by the...
Gustavo Bernal Torres
- Aug 12, 2022
- 1 min
Australia Financial Industry Body Sets Anti-Greenwashing Expectations for Fund Managers
The Financial Services Council (FSC), Australia’s financial services industry’s standards and policy setting body, announced the release...
Gustavo Bernal Torres
- Aug 12, 2022
- 1 min
Singapore Issues ESG Funds Disclosure and Reporting Guidelines
The objective of the new circular is to mitigate the risk of greenwashing by facilitating greater comparability in the disclosures made...
Gustavo Bernal Torres
- Jun 19, 2022
- 1 min
The One Way to Avoid Greenwashing in ESG Investing
As criticism of the efficacy of ESG investing mounts over its acute susceptibility to greenwashing, one category has remained largely...
Gustavo Bernal Torres
- Jun 19, 2022
- 1 min
U.S. SEC Investigating Goldman Sachs over ESG Funds
The U.S. Securities and Exchange Commission is looking into Goldman Sachs Group Inc's asset-management division over its funds that look...
Gustavo Bernal Torres
- Jun 3, 2022
- 1 min
Deutsche Bank, DWS Raided by German Police in 'Greenwashing' Probe
The raid follows a whistleblower's allegation that DWS—majority-owned by Deutsche Bank—made misleading environmental claims in its 2020...
Gustavo Bernal Torres
- May 27, 2022
- 1 min
SEC Charges BNY Mellon Investment Adviser for Misstatements and Omissions on ESG Considerations
The SEC's ESG case suggests more enforcement is coming. The Securities and Exchange Commission today charged BNY Mellon Investment...
Gustavo Bernal Torres
- May 27, 2022
- 1 min
SEC Takes Aim at Greenwashing with New Proposals
The SEC has proposed two new ESG rules for asset managers. (1) A Names Rule that would require investment funds using Sustainability or...
Gustavo Bernal Torres
- Apr 8, 2022
- 1 min
ESG is a Category Error that Needs Unbundling
The acronym jams together disparate and sometimes contradictory objectives. The biggest taxonomic mistake in ESG is the category itself....
Gustavo Bernal Torres
- Mar 18, 2022
- 1 min
Asset Owner Due Diligence Questionnaires
The PRI has produced responsible investment due diligence questionnaires covering a range of asset classes. The DDQs are tools which help...
Gustavo Bernal Torres
- Mar 4, 2022
- 1 min
ESG and Alpha: Sales or Substance?
This article sets aside the question of the social and environmental impact of ESG investing to examine claims that ESG funds deliver...
Gustavo Bernal Torres
- Feb 25, 2022
- 1 min
Morningstar Has Cut 27% of the European Funds on its ‘Sustainable’ List
‘The sheer level of reclassification shows the scale of greenwashing that still exists,’ The research house slashed the list of European...
Gustavo Bernal Torres
- Jan 28, 2022
- 1 min
Shell’s Massive Carbon Capture Facility In Canada Emits Far More Than It Captures, Study Says
The “Quest” plant in Alberta, Canada, owned by oil giant Shell, has previously been touted as a “thriving example” of how CCS is working...
Gustavo Bernal Torres
- Dec 18, 2021
- 1 min
The ESG Mirage
MSCI, the largest ESG rating company, doesn’t even try to measure the impact of a corporation on the world. It’s all about whether the...
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