Remove 2022 Remove Divestment Remove Greenwashing
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Memo to CPPIB: There’s no such thing as ‘no-carbon oil’

Corporate Knights

Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks. Manley also said that “we’re already seeing Big Oil become Big Energy,” but this belief is mistaken.

Net Zero 363
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List of Clean 200 companies captures the green transition in full flight

Corporate Knights

along with ongoing corporate greenwashing and fossil-fuel disinformation, it’s sometimes hard to tell if society is moving forward or slipping back. In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” You follow the money, of course. through those years.

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Canada’s Pensions Taking Small Steps to Climate Credibility

Chris Hall

CDPQ was deemed a climate leader, with the report highlighting the asset owner’s decision to divest of firms involved in oil production, refining and coal mining in 2022. Unrivalled ownership power The assessed pool included climate leaders and laggards, Shift found.

Net Zero 119
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Rebranded ESG Funds Offer Imperfect Path to Net Zero

Chris Hall

Renaming trend may lead to a short uptick in greenwashing, but ultimately will accelerate the path to net zero and offer sustainable investors more choice. The decision to rebrand a fund often raises eyebrows, with investors “intuitively suspicious” of the activity due to greenwashing concerns among others.

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UK FCA Warns on Green Fund Label Abuse

Chris Hall

The outcome of the consultation, which closed for comment in early January 2022, has been pushed back to this autumn. . A number of asset managers have revised the categorisation of their funds under SFDR, in light of further regulatory guidance, to avoid claims of greenwashing. . ESG really is about good business practice.

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Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. Divest or wind down? 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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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.