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Bloomberg, Carney-led Climate Finance Group Restructures After String of High-Profile Departures from Net Zero Coalitions

ESG Today

banks such as Citi, Bank of America and Goldman Sachs from the Net Zero Banking Alliance (NZBA) in just the past few weeks. Several of the groups have seen high-profile departures over the past several months, with one of the coalitions, the Net Zero Insurance Alliance (NZIA),even disbanding in 2024 following a string of exits.

Net Zero 135
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How to Re-establish the UK’s Lead on Climate Change

Chris Hall

Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to net zero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change.

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More than 60% of anti-green Conservative MPs lost seats in UK election

Corporate Knights

Labour’s landslide victory over the Conservatives has left the party’s anti-net zero wing in tatters. DeSmog’s analysis of Westminster’s influential Net Zero Scrutiny Group (NZSG) found that two thirds of its supporters are no longer represented in Parliament following the July 4 general election.

Net Zero 147
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No “Credible” Net Zero Path Without Halting Deforestation

Chris Hall

The Church Commissioners’ COP26 commitment to eliminate soft commodity-driven deforestation from its portfolio will be supported by COP28 pledges. Following the commitment at COP26, the Church Commissioners, which has £10.3 In 2024, the Church Commissioner will continue to engage with companies towards achieving the FSDA expectations.

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Singapore to Ramp Climate Goals at COP27, Launches National Hydrogen Strategy

ESG Today

Singapore plans to submit a more ambitious emissions reduction goal at the upcoming COP27 climate conference in November, according to Deputy Prime Minister Lawrence Wong, as part of a strengthened commitment to achieve net zero by 2050. Wong said: “As you can see, our net zero path is not an easy one.

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How Big Oil's spin doctors are influencing influencers

Corporate Knights

This year’s worst offender, with 55 fossil fuel contracts, is the British holding company WPP, which, in a gross contradiction, has pledged to achieve net-zero emissions in its operations by 2025. It dismissed a petition that circulated at COP26, asking it to cut ties with the fossil fuel industry.

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G7 Leaders Support Development of Global Sustainable Disclosure Standards

ESG Today

The ISSB was launched in November 2021 at the COP26 climate conference, with the goal to develop IFRS Sustainability Disclosure Standards, in order to provide a global baseline of disclosure requirements that can be used by jurisdictions on a standalone basis or incorporated into broader reporting frameworks.