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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Corporate Knights

JULY 25, 2023

The announcement is meant to deliver on the 2023 subsidy phaseout deadline contained in Prime Minister Justin Trudeau’s December, 2021 mandate letters to Guilbeault and Finance Minister Chrystia Freeland. increase in 2021, the Canadian Climate Institute reported in February). billion for the first nine months of 2021/22.

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Chris Hall

MARCH 2, 2022

European efforts to bring transparency to ESG funds haven’t addressed fears of greenwashing. Different approaches to product classification have sown confusion and raised greenwashing concerns among both institutional and retail investors. trillion at the end of December 2021 – representing 42.4% What impact has SFDR had?

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Andreas Rache

MAY 24, 2022

To reach the commitments of the Paris agreement, the European commission has introduced new regulations as the first step of the EU action plan: the Sustainable Finance Disclosure Regulation (SFDR). The first level was already implemented on March 10 th 2021.

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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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Chris Hall

OCTOBER 28, 2022

Regulation will never be sufficient to protect investors from greenwashing, says Alexandra Mihailescu Cichon, EVP at RepRisk. While this is to be encouraged as a step toward the transition to a more sustainable future, focused around lower-carbon economies, this same pressure has also led to an uptick in greenwashing.

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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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Chris Hall

MARCH 3, 2023

BSI’s standard for sustainable finance is also aligned with the Paris Agreement and the UN SDGs. Townsend explained that all ISO standards are set to align with the Paris Agreement as a result of the ‘London Declaration’ in 2021.

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Chris Hall

APRIL 7, 2022

C warming target set in the 2015 Paris Agreement on climate change, and there must be a “rapid acceleration of mitigation efforts after 2030” if there is any hope of limiting global temperature increases to 2°C. . He is disappointed more has not been achieved since the Paris Agreement. . “In

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Chris Hall

MARCH 10, 2022

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. degrees Celsius.

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Sphera

APRIL 21, 2022

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. In the Paris Agreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.

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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? As we move further into 2023, it can take a lot of energy to think about energy. housing market typically works.

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Chris Hall

AUGUST 8, 2024

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030.

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Chris Hall

JUNE 7, 2024

Down, not out – Support for climate-related resolutions at the AGMs of US firms has been closely watched this proxy season for further signs of a “stewardship depression” witnessed since 2021. The forthcoming third round of nationally determined contributions to the Paris Agreement should not just be 1.5°C-aligned,

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Chris Hall

NOVEMBER 19, 2024

And investors may be able to utilise their influence via engagement and voting to counteract legal action. A landmark 2021 ruling by a Dutch court ordered Shell to reduce its greenhouse gas emissions across global operations by 45% by the end of the decade from 2019 levels.

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Chris Hall

JANUARY 21, 2022

Natasha Landell-Mills, Head of Stewardship at Sarasin & Partners, outlines five actions investors can take to build on the ambitions and commitments outlined in 2021. Concerns over corporate greenwash are widespread. In 2021, Sarasin worked with a group of other investors representing over US$4.5

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Chris Hall

SEPTEMBER 6, 2024

The Voluntary Carbon Markets Integrity Initiative (VCMI) was established in 2021 in response to concerns that companies making carbon neutrality claims based on their use of carbon credits to offset their emissions were greenwashing.

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Carlos Sanchez

NOVEMBER 24, 2021

As an example, EU ETS reached in November 2021 an all-time spike of 66€/ton of CO2. In Voluntary carbon offset markets, offsets are used at the companies discretion, and the market size in 2021 is expected to hit $1 billion. Besides, a third of the respondents consider offsetting as pure greenwashing. Many standards available.

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Chris Hall

JANUARY 18, 2023

Net Zero Insurance Alliance plan leaves door open to greenwashing, claim campaigners. Renaud Guidée, NZIA Chair and Group Chief Risk Officer at AXA, said the alliance had moved quickly to provide support to the insurance sector since its initial statement of commitment in July 2021. NZIA is showing the way,” he said. “It

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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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Carlos Sanchez

DECEMBER 7, 2021

2021 was an uncommon and tough year due to COVID19 guiding our lives. In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. 2021 Sustainability Summary. 2 – Carbon Offset Markets price Hike.

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Chris Hall

NOVEMBER 9, 2022

The UN High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities issued its recommendations for eliminating ‘greenwashing’ from net zero pledges, which emphasised the need for “significant near- and medium- emission reductions” in 2050 decarbonisation plans. . Banks lay out targets .

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Chris Hall

MAY 11, 2022

Green bond issuance has climbed a sharp trajectory since the 2015 Paris Agreement, up from around US$40 billion that year to a record US$489 billion in 2021, according to Refinitiv. Greenwashing concerns and additional credibility could be achieved by investors doing thorough due diligence on the green bonds.”.

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Chris Hall

MAY 24, 2023

Reinsurer Swiss Re said that insured natural catastrophe losses reached around US$110 billion in 2021. And frankly is greenwashing. Last year, the resolution received 25.9% of the overall vote, but received 22.8% Research also shows that limiting global warming to 1.5°C

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Sustainability Matters

JULY 17, 2022

In 2021, 95% of S&P 500 companies published detailed ESG data and the rest made high-level policy information available to the public on their websites. It aims to eliminate the “greenwashing” of financial products and advice and steer investments towards a sustainable economy by enabling informed financial decisions.

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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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Chris Hall

OCTOBER 14, 2022

This March, Canadian Prime Minister Justin Trudeau told a sustainable business forum in Vancouver “things have changed” since the country signed up to the Paris Agreement on climate change. C, clarifying fiduciary duty, and strengthening advertising rules to deter greenwashing.

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Corporate Knights

AUGUST 1, 2024

There have been numerous problems with carbon offsets – which are bought and sold by companies and financial institutions as a carbon-reduction mechanism – and many have collapsed under greenwashing allegations. In response, the Integrity Council for the Voluntary Carbon Market was established in 2021 to develop a carbon-offsets standard.

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Chris Hall

MAY 4, 2022

Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. In 2021, the TCFD consulted on its metrics, targets and transition plans, with a view to updating its original 2017 framework and guidance.

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3BL Media

JANUARY 11, 2023

million barrels per day (b/d) in 2021 from some 11.3 Global solar deployment will continue to grow in 2023 to about 316 gigawatts, up from about 268GW in 2022 and 182GW in 2021. 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.

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Chris Hall

NOVEMBER 16, 2022

VCMs have logged rapid growth in recent years, reaching nearly US$2 billion by the end of 2021, and expected to reach US$50 billion by 2030. And there are wider issues around the VCMs already in operation, such as credit pricing, third-party verification and reducing the risk of greenwashing. . Discussions around Article 6.4

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Corporate Knights

NOVEMBER 16, 2022

Getting to net-zero – without greenwashing. The last climate conference, COP26 in Glasgow, Scotland, nearly fell apart over frustration that international finance wasn’t flowing to developing countries and that corporations and financial institutions were greenwashing – making claims they couldn’t back up.

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Chris Hall

NOVEMBER 1, 2024

Falling short – UNFCCC Executive Secretary Simon Stiell described as “stark but unsurprising” the findings of the latest ‘Synthesis Report’ , which calculates the impact on greenhouse gas emissions of current nationally determined contributions (NDCs) to the Paris Agreement.

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Chris Hall

DECEMBER 15, 2023

Worst sort of greenwashing One aspect, she says, is highlighted by drawing a dividing line between the oil and gas industry on the one hand and other sectors that have lobbied on climate action issues, such as steel, chemicals and cars. In October 2021, UNEP reported : “Global plastic production has risen exponentially in the last decades.

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Corporate Knights

FEBRUARY 27, 2025

CPPIB s greenwashing and contradictory actions are all the more problematic in light of the fund s apparent sophistication on many elements of managing climate-related risk, the report says. Several U.S.

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Chris Hall

JULY 5, 2023

Thankfully the finance industry didn’t do that.” ASFI started back in 2021 on a sustainability roadmap for Australia, including a taxonomy and other sustainable-related policy initiatives. “It was a really smart move,” says Reynolds. Compared to countries like Europe, Australia was doing very little.

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