Morgan Stanley has quietly shelved a central pillar of its sustainability strategy: a commitment to finance the clean up and prevention of plastic pollution. The bank is just one of many on Wall Street to scale down sustainability promises. Bloomberg covers the story.
German authorities have rejected carbon credits linked to China-based projects as further ‘irregularities’ emerge about how the carbon-abating projects were run. The findings are the latest in a series of scandals for the carbon credit sector with many projects being shown to have exaggerated green claims. Bloomberg covers the story.
Four years after the movement began, activists are wringing their hands over the slide in corporate efforts to tackle ESG issues. But as profit motivation and progressive idealism start to diverge, actual owners of shares should have more say than their hired fund managers. The Financial Times covers the story.
