ClientEarth’s Post

Bates Wells' Purpose & Impact Roundup is hot off the press in this current cold spell, to warm up our brains with the latest news. 🔥 https://lnkd.in/egtpQp4r 🔥 ✨ Social Enterprise UK shared data showing that UK social enterprises have created £1.2bn in profit over the last year and re-invested £1bn into their missions. ⭐ Demos has published The Purpose Dividend, with the support of B Lab UK, a report analysing the impact and potential of purpose-led business for the UK economy. ✨ Interior design business House of Hackney has given Mother Nature and 'Future Generations' representation on its board. ⭐ Bates Wells considers why the Court of Appeal's refusal of permission for ClientEarth to appeal in its claim against Shell may not be the 'end of the road' but just the beginning. ✨ The FCA has confirmed that it is putting in place new Sustainability Disclosure Requirements and an investment labels regime. If you'd like to receive the P&I Roundup highlights straight to your inbox every month, sign up here by selecting 'purpose & impact business': https://lnkd.in/gFR4NMQc #ResponsibleBusiness #SocialEnterprise #BCorp #Sustainability #Climate #Biodiversity #ImpactInvesting #SocialInvestment #CorporatePurpose #ESG #ImpactEconomy #SocialValue #PurposeDrivenBusiness #BusinessAsAForceForGood #PurposeBeyondProfit #Nature #ProfitWithPurpose #TransitionPlan #Governance

🔎 The UK's Financial Conduct Authority (FCA) has launched its first enforcement #investigation into a company over climate-related issues, as revealed by ClientEarth. This case, which started in July 2023, remains undisclosed in terms of the firm or misconduct involved. #ClientEarth criticized the #FCA for its lack of #transparency and delays in responding to their Freedom of Information (FOI) requests, which led to a complaint to the Information Commissioner. 🌎 Megan Clay of ClientEarth welcomed the investigation but noted that one case is insufficient and not related to #greenwashing. The charity warned that the FCA’s inaction could mislead #investors and #consumers, urging the regulator to catch up with its #US and Australian counterparts, which have issued fines for #climatelaw breaches. 👕 With a new anti-greenwashing rule in place, campaigners are pressing the FCA to examine #climate claims by major UK #banks. Meanwhile, the UK Advertising Standards Authority banned misleading climate ads from #Shell and #HSBC, and #fashion brands #ASOS, #Boohoo. #ASDA committed to clearer claims following a Competition and Markets Authority investigation. Link: https://lnkd.in/dYMdwUVE #marketingcommunication #esg #innovation #environment #regulation #climate The Leonie and Norman Institute is linked to the Trium Sustainable Innovators (“TSI”) portfolio management team, which is part of Trium Capital LLP. TSI views and opinions may not necessarily represent the views of Trium Capital LLP.

𝗖𝗟𝗜𝗘𝗡𝗧 𝗙𝗘𝗘𝗗𝗕𝗔𝗖𝗞 - 𝗧𝗘𝗦𝗧𝗜𝗠𝗢𝗡𝗜𝗔𝗟 𝗧𝗨𝗘𝗦𝗗𝗔𝗬 You can tell we LOVE the work that we do, and we're always thrilled when the results speak for themselves. Like most, we're not always great about banging our own drum, so instead we prefer to use client testimonials to showcase our approach and the results! Thanks Greg Tello for this lovely testimonial! "It gave us absolute reassurance that our financial model was sustainable... [and that] it can be evolved to meet our income, staff and reserves targets." Greg Tello. The Apex Project. #testimonialTuesday #clientfeedback #impact #financialsustainability #AMPACC

#TerraWealth #The TerraWealthLife

A stark warning from Liz Loxton in Association of Corporate Treasurers' latest magazine. Talking to Naresh Aggarwal, my Herbert Smith Freehills colleague, Heike Schmitz, Christopher Dibben and others she warns that whilst sustainable funding has an important role to play in reducing our collective carbon footprint, economic slowdown could distract attention. #sustainablefinance #ESG #esgdisclosure https://lnkd.in/eFE3q2P9

Member Spotlight: Anthony Pardal, MBA, the American Bankers Association’s vice president, office of strategic engagement, shares insights from his career and what you can expect from his ESG-focused session at the Council’s #STRIDESummit. Plus, Pardal discusses the challenges he sees on the horizon for public affairs, how the financial sector recovered and became stronger after the reputational hit that came with the 2008 crisis, and more https://lnkd.in/g33PBSim

💡 The European Supervisory Authorities today propose improvements to the #SFDR in a joint opinion, calling for a coherent #sustainablefinance framework. The opinion covers these areas: 🌳 simple and clear categories for financial products → simplifications consist of two voluntary product categories, “sustainable” and “transition”; 🌳 sustainability indicator that would grade financial products → investment funds, life insurance and pension products; 🌳 improvements to the definition of sustainable investments; 🌳 simplification to the way disclosures are presented to investors. Link to full opinion in the comment. Deloitte Mads Rosenfeldt Marie Voldby Gunnar Sveinn Magnússon Tobias Søttrup Helena Broadbridge (Barton) Anne Kathrine Wennergren Holm Søren Marquart Alsen Aida Sasivarevic Edward Sims #ESG #ESGinvesting #sustainability #MBSESG

Companies making #ESG related statements need to read this article authored in a special collaboration with leading commercial set Essex Court Chambers which looks at the decision in Butler Sloss v Charity Commission for England and Wales in the current investment environment, and its effect on climate-related claims. This judgment is relevant to an increasingly large number of companies and investors as more funds are now guided – or even limited – by ESG principles; claims alleging losses resulting from misleading statements or breaches of directors’ duties have increased; and the regulatory obligations for companies to make climate-related disclosures continue to develop. Simon Bishop and Patrick Kenny from Hausfeld, together with Edward Brown KC and Daniel Fox from Essex Court Chambers, map out how the judgment illustrates the Courts’ new approach that non-financial considerations can be reasonably balanced against the risk of financial detriment. https://bit.ly/3FPONwc

The London McDermott Will & Emery Impact Finance and Private Client teams, in partnership with Lebec Consulting, had the honour of hosting an enlightening fireside chat featuring Gary White CEO and Co-Founder of Water.org & WaterEquity, together with our own esteemed impact finance expert, Ranajoy Basu. The discussion centered around the pivotal role of blended finance in tackling the global water crisis and Water.org’s innovative strategies for scaling funding solutions. Gary and Ranajoy shared profound insights that challenge conventional perspectives on addressing poverty and the climate crises. One standout quote from the discussion: "The poor are not to be addressed just by charity; they are a market to be served.” This fireside chat not only showcased the brilliance of Gary White and Water.org’s collective vision but also highlighted the crucial role of legal practitioners like Ranajoy Basu and Nicholas Holland in crafting the frameworks necessary for these innovative financing solutions to thrive. Please do get in touch if you want to be part of the conversation and work together towards sustainable solutions that serve markets and communities in need. #BlendedFinance #WaterCrisis #ImpactInvesting #InnovativeFinance #WaterOrg #WaterEquity #privateclient

Proud moment to see this is The Times being listed as one of the Top Rated Advisers in the UK by VouchedFor! 🍾🌟🍾🌟 Thank you for all the wonderful client reviews in 2023 and of course the support of the amazing VIVA Wealth team - really couldn't do it without you all 😀 #toprated #trusted #financialadvice #financialplanning