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What is Greenwashing & Why is it a Problem?
Greenwashing is when a company misleads the public into believing they act in a way that is sustainable and has a positive impact on the environment. Greenwashing is a problem because it can confuse Individuals and institutions that may be lead to believe a product is eco-friendly through its advertising materials. Greenwashing is a marketing…
Read MoreBank Sector Update
Certain regional banks in the U.S. encountered a perfect storm of challenging conditions with devastating consequences this spring. In particular, SVB Financial* and First Republic Bank* were hit by a confluence of events that included high interest rates, highly concentrated and connected clients, significant deposits above the federally insured amount, and weaker regulation and oversight…
Read MoreInvestors push Amazon for more information on its climate footprint
Investors push Amazon for more information on its climate footprint Edie – December 20 Green Century and Amalgamated Bank recently filed a resolution with Amazon pressing the company to account for and fully disclose its greenhouse gas emissions associated with its full value chain. Currently, the company fails to disclose a significant portion of its…
Read MoreCompanies Held in Green Century Funds Are Recipients of New ESG Loans
Financiers such as ING have started providing loans to companies, including some held in the Green Century Funds, that are contingent on their sustainability performance.
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