ESG Today

MARCH 12, 2024

Lawmakers in the European Parliament voted 467-65 to approve a series of rules aimed at protecting consumers from greenwashing, or misleading environmental claims by companies, including requiring companies to submit product marketing claims such as “biodegradable” or “less polluting” for verification before being allowed to use them.

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Corporate Knights

SEPTEMBER 26, 2024

This is generally a voluntarily self-imposed deadline, usually decades away, by which the institution’s emissions will not necessarily actually reduce to zero, but rather by which they will at least be ostensibly canceled out by carbon offsets. Cities’ pledges only increased by 8 percent.)

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Carlos Sanchez

DECEMBER 18, 2022

In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. In 2022, the voice against “greenwashing” practices was clear and loud. Sustainability trends 2023: Mandatory reporting. 2022 Sustainability Summary.

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3BL Media

NOVEMBER 27, 2023

In 2011, enforcement began of the state's low-carbon fuel standard , the world's first. This transparent and robust claim mitigates the risk of greenwashing or greenhushing, in conjunction with the “Funding Climate Action" label. The state's environmental leadership also extends to climate change mitigation policy.

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Chris Hall

APRIL 28, 2023

Matthew Shankland, Head of Sidley Austin’s London-based Disputes Resolution Practice, outlines how i nvestor s can mitigate against the increased risk of greenwashing-related issues in company advertising. Under English law, there is no specific cause of action for, or law governing, greenwashing.

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3BL Media

AUGUST 2, 2023

The voluntary carbon-offset market is rapidly evolving and is expected to grow to around $250 billion by 2050 from only $2 billion in 2020. 7 Pension plans have been leading the effort on industry standardization and have released yet another joint statement in June 2023.

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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. Carbon Capture Backed by Carbon Offsets?

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Corporate Knights

AUGUST 1, 2024

The world’s leading authority on corporate climate plans has dealt a blow to the carbon-offset industry, signalling that it objects to corporations using carbon credits in place of emission reductions in their own supply chains.

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Chris Hall

MAY 1, 2024

In 2024, the number of listed companies with a climate commitment validated by the Science Based Targets initiative (SBTi) jumped to 20% from just 12% in 2023. This steep growth marks SBTi as a focal point of corporate climate action, said Guy Turner, Head of Carbon Markets at MSCI.

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Chris Hall

JUNE 7, 2022

Regulators around the world are considering increasing their scrutiny of companies’ emissions-reduction claims in a bid to dispel greenwashing concerns. . Following public consultation and testing by businesses over the rest of the year, the next version of the code is expected to be released by early 2023. .

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Chris Hall

MAY 31, 2024

Dr Torsten Schwarze, Partner at Morgan Lewis, explains how two EU directives will shape Europe’s legal framework to restrict greenwashing. ESG compliance is becoming increasingly important for companies, and the development of technologies and products to help reduce their carbon footprint has become a priority for many.

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Chris Hall

FEBRUARY 13, 2023

The lack of transparency in VCMs has driven debate, particularly among academics, on the viability of carbon offsets to effectively drive climate action. This is likely to require larger investment than buying offsets. “Stakeholders can work together to circumvent the goal of intermediaries and improve transparency.”

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Chris Hall

MAY 4, 2022

There are other areas in which the TPT will have to set their own expectations, spanning from reliance on carbon offsetting and carbon capture and storage (CCS) technologies to transparency on climate lobbying. . Throwing down the gauntlet . There needs to be a balance that doesn’t create overcomplexity.

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Chris Hall

NOVEMBER 16, 2022

And there are wider issues around the VCMs already in operation, such as credit pricing, third-party verification and reducing the risk of greenwashing. . While the ETA will offer a “fixed price” for corporates, there are concerns that too low a price could reduce the quality of the credits and expose the market to greenwashing risk. .

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Corporate Knights

DECEMBER 20, 2023

To say that 2023 is one for the record books is a vast understatement — the year was so out of the norm that you’re forced to go back at least 125,000 years for a point of reference. In 2023, it felt like Earth might run out of records to break. Though these words and phrases aren’t all newborns, they’re all very 2023.

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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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Corporate Knights

JANUARY 29, 2025

In early 2023, 200 of the worlds top skiers sent a letter to FIS demanding more action on climate change, calling for a geographically reasonable race schedule with less intercontinental travel and a shift in the season to account for changing weather patterns. In France, the Les Arcs/Peisey-Vallandry area was certified in 2023.)

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