{"id":117864,"date":"2023-10-23T07:56:49","date_gmt":"2023-10-23T04:56:49","guid":{"rendered":"https:\/\/tietopankki.crnet.fi\/fi\/news\/swiss-banks-push-for-self-regulation-as-government-tackles-greenwashing\/"},"modified":"2023-10-23T07:56:49","modified_gmt":"2023-10-23T04:56:49","slug":"swiss-banks-push-for-self-regulation-as-government-tackles-greenwashing","status":"publish","type":"post","link":"https:\/\/tietopankki.crnet.fi\/fi\/news\/swiss-banks-push-for-self-regulation-as-government-tackles-greenwashing\/","title":{"rendered":"Swiss banks push for self-regulation as government tackles greenwashing"},"content":{"rendered":"<div class=\"mp_wrapper\">\n  <div class=\"mepr-unauthorized-message\">\n    <p>You are unauthorized to view this page.<\/p>\n  <\/div>\n  <div class=\"mepr-login-form-wrap\">\n            \n<div class=\"mp_wrapper mp_login_form\">\n                  <!-- mp-login-form-start -->     <form name=\"mepr_loginform\" id=\"mepr_loginform\" class=\"mepr-form\" action=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/\" method=\"post\">\n            <div class=\"mp-form-row mepr_username\">\n        <div class=\"mp-form-label\">\n                              <label for=\"user_login\">Username<\/label>\n        <\/div>\n        <input type=\"text\" name=\"log\" id=\"user_login\" value=\"\" \/>\n      <\/div>\n      <div class=\"mp-form-row mepr_password\">\n        <div class=\"mp-form-label\">\n          <label for=\"user_pass\">Password<\/label>\n          <div class=\"mp-hide-pw\">\n            <input type=\"password\" name=\"pwd\" id=\"user_pass\" value=\"\" \/>\n            <button type=\"button\" class=\"button mp-hide-pw hide-if-no-js\" data-toggle=\"0\" aria-label=\"Show password\">\n              <span class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/span>\n            <\/button>\n          <\/div>\n        <\/div>\n      <\/div>\n            <div>\n        <label><input name=\"rememberme\" type=\"checkbox\" id=\"rememberme\" value=\"forever\" \/> Remember Me<\/label>\n      <\/div>\n      <div class=\"mp-spacer\">&nbsp;<\/div>\n      <div class=\"submit\">\n        <input type=\"submit\" name=\"wp-submit\" id=\"wp-submit\" class=\"button-primary mepr-share-button \" value=\"Log In\" \/>\n        <input type=\"hidden\" name=\"redirect_to\" value=\"\/fi\/wp-json\/wp\/v2\/posts\/117864\" \/>\n        <input type=\"hidden\" name=\"mepr_process_login_form\" value=\"true\" \/>\n        <input type=\"hidden\" name=\"mepr_is_login_page\" value=\"false\" \/>\n      <\/div>\n    <\/form>\n    <div class=\"mp-spacer\">&nbsp;<\/div>\n    <div class=\"mepr-login-actions\">\n        <a\n          href=\"https:\/\/tietopankki.crnet.fi\/fi\/login-2\/?action=forgot_password\"\n          title=\"Click here to reset your password\"\n        >\n          Forgot Password        <\/a>\n    <\/div>\n\n      \n    <!-- mp-login-form-end --> \n  <\/div>\n      <\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div class=\"smart_content_wrapper\">\nSwitzerland&#8217;s banking sector, accused by critics of not doing enough to prevent so called &#8220;greenwashing&#8221;, is pushing to keep regulating itself ahead of a decision that could lead to government oversight of sustainable finance. Greenwashing involves an organisation making misleading sustainability-related claims to investors or consumers, usually to boost its reputation and bottom line. However, there is no legal definition of the term in Switzerland. &#8220;The cabinet will give information this autumn on the further procedure in the matter of greenwashing,&#8221; a spokesman for the Swiss Ministry of International Financial Affairs told Reuters ahead of a decision on whether to introduce state regulation.<\/p>\n<p>The Swiss Bankers Association (SBA), which represents lenders like UBS (UBSG.S) and Julius Baer (BAER.S) as well as the country&#8217;s smaller banks, wants to continue with self-regulation rather than be subject to tighter government rules. But some say self-regulation does not go far enough. &#8220;The financial industry argues that self-regulation is effective because it can be implemented and adapted quickly,&#8221; said Stephan Kellenberger of the World Wide Fund for Nature (WWF), Switzerland. But he said self-regulation often lacked tough targets and did not prevent greenwashing. &#8220;It is indispensable that sustainable products, for example, meet the requirements of the Paris climate targets.&#8221;<\/p>\n<p>Source: <a rel=\"noopener\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/swiss-banks-push-self-regulation-government-tackles-greenwashing-2023-10-20\/\">Reuters<\/a> <\/div>\n<p>The post <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\/environmental-news-en\/118710\/\">Swiss banks push for self-regulation as government tackles greenwashing<\/a> appeared first on <a rel=\"noopener\" href=\"https:\/\/vastuullisuusuutiset.fi\/fi\">Vastuullisuusuutiset.fi<\/a>.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[22],"tags":[789,575,1325,11940,2371,898],"class_list":["post-117864","post","type-post","status-publish","format-standard","hentry","category-news","tag-bank","tag-environmental-news-en","tag-greenwashing","tag-self-regulation","tag-swiss","tag-tackle"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/117864","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/comments?post=117864"}],"version-history":[{"count":0,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/posts\/117864\/revisions"}],"wp:attachment":[{"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/media?parent=117864"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/categories?post=117864"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tietopankki.crnet.fi\/fi\/wp-json\/wp\/v2\/tags?post=117864"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}