Corporate Knights

JULY 25, 2023

In 2020, a blistering analysis showed Canada leading the G20 countries in per capita public financing to oil and gas. That work was meant to conclude by 2020. billion in 2020/21 and another $1.5 Those guidelines are due to be released in 2024. billion for the first nine months of 2021/22.

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

JUNE 7, 2022

Asset managers should expect and prepare to be challenged on the sustainability credentials of their ESG-labelled funds as financial markets watchdogs clamp down on greenwashing, according to regulatory experts. . Growing concerns over greenwashing and mislabelling were highlighted in a 2021 report published by think tank InfluenceMap. .

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Greenwashing Paris Agreement Sustainable Investment Development 52

Chris Hall

JULY 1, 2022

To prove his point, Usher notes the investigation by the US Securities and Exchange Commission (SEC) into greenwashing allegations made in the Wall Street Journal by a former executive of asset management firm DWS. Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”.

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Net Zero UNEP Greenwashing Banking 98

ESG Today

FEBRUARY 9, 2023

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

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Net Zero Climate Change Paris Agreement Greenwashing 98

Chris Hall

MAY 1, 2024

In 2020, a mere 1% of listed companies had a decarbonisation target validated by the organisation. But SBTi’s status as the gold standard for companies serious about decarbonising in line with the Paris Agreement took a serious hit last month after a highly public spat between staff and executives.

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Net Zero Paris Agreement Carbon Offsets CDP 85

Chris Hall

MARCH 22, 2022

New tool identifies greenwashing, finds GFANZ exclusion policies lagging net zero pledges. The tracker detects greenwashing practices in the finance sector, said Director Lucie Pinson. “It Many of the current policies of banks, insurers and investors are “too flawed” to align their businesses with their net zero 1.5°C

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Net Zero Paris Agreement Banking Greenwashing 52

We Mean Business Coalition

NOVEMBER 29, 2022

62 per cent of new renewable power generation in 2020 had lower costs than the cheapest new fossil fuel option. make greenwashing easier to detect and allow companies that are really delivering on climate action to stand out from the crowd. Renewables are now cost competitive, or cheaper than fossil fuels.

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Net Zero Paris Agreement Chief Sustainability Officer Climate Change 75

GreenBiz

DECEMBER 11, 2020

Episode 248: Mastercard CSO, parsing plastics policy, Paris Agreement at 5. Fri, 12/11/2020 - 00:10. Does 2020 mark a turning point for delivering on the Paris Agreement goals? Happy 5th anniversary, Paris Agreement (39:25) . Paris Agreement. Heather Clancy. Week in Review.

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James Militzer

MARCH 2, 2023

C threshold (above pre-industrial levels) stipulated in the Paris Agreement. Were the sustainability measures and corporate social responsibility offices at VW simply engaged in greenwashing? In 2020, the company announced the launch of the first-ever carbon negative carpet tile.

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Supply Chain Supply Chains Climate Change Development 98

Sphera

APRIL 21, 2022

That record was matched in 2020. Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. This has fueled confusion and accusations of greenwashing.

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Net Zero Paris Agreement Greenhouse Gas Protocol Climate Change 52

B the Change

JULY 7, 2022

trillion was managed for sustainable and responsible investing globally in 2020. These include events such as international climate conferences (Paris Agreement, COP 26) and campaigns on board gender diversity by large asset managers (BlackRock, State Street, and Vanguard). These are intentionality, return, and measurability.

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Banking Chief Sustainability Officer Impact Investing Paris Agreement 98

Chris Hall

APRIL 12, 2022

It also said that FIs should transition and align all financing activities with net zero pathways that achieve Paris Agreement goals, with “no or low overshoot”, as well as align them with the UN Sustainable Development Goals. Addressing greenwashing. Immediate action is already possible for short term science-based targets.

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Net Zero Banking COP26 Paris Agreement 52

Chris Hall

DECEMBER 20, 2023

Ahead of the conference, the data had been collected and analysed, with assessments delivered on the effectiveness of actions taken to date, primarily in the form of signatories’ nationally determined contributions (NDCs) to the Paris Agreement. The official verdict was clear. C of climate change by 2100.

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Net Zero Paris Agreement UNEP Development 84

Chris Hall

APRIL 1, 2022

The UK impact investment market reached an estimated £58 billion in 2020 according to research published last month, which while representing a significant increase in total market share still amounts to less than 1% of the available assets under management.

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Impact Investing Supply Chain Supply Chains Paris Agreement 52

Chris Hall

JANUARY 21, 2022

Concerns over corporate greenwash are widespread. Building on an initiative led by Sarasin & Partners, in 2020 investors representing over US$100 trillion in assets have already made their expectations for 1.5°C-related A key problem comes when directors do not see climate change as their responsibility.

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Net Zero COP26 Climate Change Paris Agreement 75

Carlos Sanchez

NOVEMBER 24, 2021

In Compliance Carbon Offset Markets, offsets are used to meet legal obligations and has a market size in 2020 of $261 billion. This reputation is an immediate concern for offset credit buyers that don’t want customers, investors, or employees to be associate their brand with greenwashing. Many standards available.

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Carbon Offsets Net Zero COP26 Climate Change 59

Chris Hall

MAY 24, 2023

A 2020 report from insurance broker Aon noted that natural disasters caused US$3 trillion in economic damages between 2009-2019, costing insurers US$845 billion, well above the levels seen in the prior decade. And frankly is greenwashing. Last year, the resolution received 25.9% of the overall vote, but received 22.8%

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Net Zero Paris Agreement Greenwashing Climate Change 52

Chris Hall

AUGUST 17, 2022

Then there is the unarguable fact that energy companies took a beating during 2020 and 2021 as coronavirus-related lockdowns paralysed economic activity across the developed world. Academic research published this week found that decarbonisation scenarios developed by oil majors are inconsistent with the objectives of the Paris Agreement.

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Net Zero Paris Agreement Banking Development 72

Carlos Sanchez

DECEMBER 7, 2021

trillion in assets in 2020 ( Opimas LLC ). Two events will increase corporate Net-zero programs credibility and separate climate action from pure greenwashing: The launch of the first science-based Net-Zero standard by SBTi. As a result, ESG investment has almost doubled over the last four years, reaching $40.5

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Supply Chain Supply Chains Carbon Offsets Net Zero 52

Carlos Sanchez

DECEMBER 17, 2020

After the signature of the Paris Agreement in 2015, science has become widely accepted. Businesses must close the ‘Say : Do’ gap; the greenwashing space between their environmental pledges and (lack of) actions to meet them Paul Polman, former Unilever CEO. Why should a company be net-zero? 4 – Report progress.

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Net Zero Carbon Offsets Supply Chain Supply Chains 52

3BL Media

JANUARY 11, 2023

The World Bank estimates that a carbon price of $50 to $100 per ton of CO2 is required by 2030 to meet the temperature goals of the Paris Agreement. The increased scrutiny over greenwashing is necessary, and will provoke the market to favor substance over style. million in 2020 to over 10 million in 2022.

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Supply Chain Supply Chains Paris Agreement Divestment 130

Chris Hall

NOVEMBER 16, 2022

Annual clean energy investment in EMDEs needs to increase by more than seven times, from US$150 billion in 2020 to over US$1 trillion a year by 2030, according to an International Energy Agency (IEA) report. . The ETA is “not fully baked yet”, Kerry admitted, but there are plans for it to be up and running by COP28 in Dubai. .

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Net Zero Paris Agreement Carbon Offsets Greenwashing 52

GreenBiz

NOVEMBER 17, 2020

Is 'net-zero' greenwash? Tue, 11/17/2020 - 02:11. Setting 2050 as the year for achieving net-zero emissions (or some other goal) is one thing — that date aligns with the goals of the Paris Agreement — but that 30-year horizon is a bit far off to enable reasonable accountability, perhaps deliberately so. Joel Makower.

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Net Zero Greenwashing Paris Agreement Supply Chain 406

GreenBiz

SEPTEMBER 25, 2020

Fri, 09/25/2020 - 00:30. The intention is to align its portfolio with the goals of the Paris Agreement. Newsom also was named to a two-year term as co-chair of the Under2 Coalition, a network of states and regions looking to integrate the Paris Agreement goals with a mind to social justice. . Heather Clancy.

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Paris Agreement Net Zero Supply Chain Supply Chains 509

Chris Hall

NOVEMBER 18, 2022

Brussels-based standards setters streamlined the disclosure rules European firms must follow from 2024 onward, while watchdogs stepped up their battle against greenwashing , whilst providing yet further “ clarity ”, around service providers’ taxonomy-alignment requirements.

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COP26 Paris Agreement Greenwashing Development 52

Chris Hall

JULY 5, 2023

A person close to the Australian Treasury understands that the ‘Finance Agenda’ consultation is likely to include disclosures, taxonomy, transition planning and greenwashing, including financial product labelling. Parker from RIAA welcomes the potential for a product labelling system in Australia.

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Net Zero Climate Change Paris Agreement Greenwashing 52

Chris Hall

NOVEMBER 29, 2024

Following the signing of the Paris Agreement in December 2015, we wanted to understand the implications for those investors who were used to market cap investing and appreciated the attractive properties of passive investing,” he said. Storebrand makes the distinction between Paris-alignment reporting and financial alignment.

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Paris Agreement Sustainable Investment Climate Change Greenwashing 80