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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . The post Advocates urge regulation of banks’ climate commitments to avoid greenwashing appeared first on Corporate Knights.

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Canada's greenwashing law has been a major reality check for the oil lobby

Corporate Knights

Where once there were claims about the companies working together to reduce their absolute emissions by 22 million tons (Mt) annually by 2030, and to net-zero by 2050, there is now a statement that Pathways is “focused on advancing environmental innovation and pursuing emissions efficiencies from our oil sands operations”.

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How these oil and gas players are undermining climate action in Canada

Corporate Knights

Earlier this month, Environmental Defence launched its “Canada’s climate villains” campaign , using graphic-novelesque illustrations and monikers like “Toxic Traitor” and “Ruthless Greenwasher. Last year, it committed to cut emissions by 40 to 45% below 2005 levels by 2030.

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Australian Investors Demand Greater Adaptation Action

Chris Hall

This has included legislating a 2050 net zero target and setting a legally-binding target to reduce emissions by 43% by 2030 below 2005 levels. The report also found that greenwashing had overtaken performance concerns as the pre-eminent barrier to responsible investing.

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Australia to Issue Inaugural Green Bond

ESG Today

In addition to the new green bond initiative, the government outlined a number of commitments aimed at advancing the development of a sustainable finance market, including backing the development of a sustainable finance taxonomy and efforts to tackle greenwashing.

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Analyzing Carbon Offset Markets’ role in our journey to a net-zero world

Carlos Sanchez

While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Introduction. 1 – 1.5ºC emission pathway (Source McKinsey & Co).

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WRAP updates voluntary agreements, outlining circularity vision for food, plastic and textiles

Envirotec Magazine

WRAP launched its first voluntary agreement in 2005 and has since expanded its programme to address food and drink, plastic pollution, and fashion and textiles. A Target-Measure-Act approach, developed by WRAP, ensures rigorous evaluation of progress, giving transparent and publicly reported updates against targets to avoid greenwashing.”

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