ESG Today

APRIL 21, 2023

The statement added that the green bond program is expected to begin in mid-2024, following the development of a Green Bond Framework. Australia set its climate goals into law last year, including its targets to reduce greenhouse gas emissions by 43% by 2030, compared to 2005 levels, and to achieve net zero by 2050.

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ESG Today

JULY 10, 2024

By: Priyanka Bawa , Senior Analyst in the Verdantix ESG & Sustainability practice Despite more net zero targets being set than ever before, and more science-based targets being used to back them, 2022 research from South Pole shows that one in four businesses do not intend to talk about their science-aligned climate targets.

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ESG Today

NOVEMBER 13, 2023

Additionally, 84% of executives reported incorporating ESG and climate factors in their corporate planning and M&A strategies, and while 57% said that they expect to hit their net zero targets, only 33% expect their peers to do so.

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Chris Hall

JANUARY 18, 2023

Net Zero Insurance Alliance plan leaves door open to greenwashing, claim campaigners. A three-pronged framework to guide insurance firms to net zero by 2050 was unveiled at Davos yesterday as proof the industry could “walk the talk” on net zero transition. C above pre-industrial levels by 2100.

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Chris Hall

NOVEMBER 18, 2022

When Coca Cola – the world’s biggest plastic polluter , was announced as one of the sponsors for COP27 this year – the world’s largest climate change conference, it sparked a wave of greenwashing accusations. Net Zero Plastic to Nature addresses both challenges. On the face of it, the backlash was justified.

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Chris Hall

OCTOBER 25, 2022

The Financial Conduct Authority (FCA) has published its much-anticipated consultation outlining measures to tackle greenwashing, including the introduction of three categories for sustainable investments. Greenwashing misleads consumers and erodes trust in all ESG products,” said Sacha Sadan, FCA’s Director of ESG. .

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Envirotec Magazine

JUNE 13, 2024

While almost a third of those questioned (33%) believed carbon offsetting is a viable strategy for achieving net-zero emissions, just 37% have employed it as a strategy to reduce their businesses’ environmental impact. Worryingly, only 3% of those interviewed said their organisation was currently at net zero.

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3BL Media

NOVEMBER 27, 2023

AB 1305: Voluntary Carbon Market Disclosures Business Regulation Act For its part, AB 1305 will impose new disclosure requirements on companies - public and private, of all sizes - that make net-zero GHG emissions, GHG emissions neutrality, or similar claims.

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3BL Media

JANUARY 24, 2024

Assurance over corporate climate disclosure is critical to prevent greenwashing and ensure that investors can make decisions promoting long-term shareholder value and economic growth.” Institutional investors have made it clear that they need consistent, comparable, decision-useful climate data,” said Steven M.

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ESG Today

MARCH 16, 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

MAY 1, 2024

As the fallout continues over the Science Based Targets initiative’s approach to offsets, is the net zero target-setting landscape for corporates fit for purpose? 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.

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Sustainable Development Network

MARCH 28, 2024

On 25 March 2024, SDSN Kenya joined WRI Africa and other Kenyan partner organizations in co-hosting an interactive workshop and debate format entitled: ‘Carbon Markets: Which Way for Kenya? A Carbon Markets Clinic and Debate’.

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3BL Media

DECEMBER 20, 2023

After years of negotiation, the fund, which will launch in 2024, received pledges of more than US$700 million from countries at the event. C using the Net Zero 2050 scenario from the Network for Greening the Financial System.

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Chris Hall

APRIL 19, 2024

Many people and organisations forging the path to net zero were facing up to the need to manage change this week. In parallel with the release of its plans to decarbonise across asset classes up to 2030, the UN-convened Net Zero Asset Owner Alliance (NZAOA) published this week a background document outlining its underlying assumptions.

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Eco-Business

DECEMBER 12, 2024

Airlines came under scrutiny for suspect green claims this year, as did net zero targets, sustainability-linked loans and the UN-led COP process. Australia led the Asia Pacific region for penalising firms for greenwashing with fines.

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3BL Media

JULY 23, 2024

Achieving a net-zero economy is a huge challenge, requiring change on a global scale that impacts the way we live, work and do business. Listen to the full episode to learn more about the importance of transparency, data and ambition as companies develop and act on their sustainability goals to reach net-zero.

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Chris Hall

JUNE 6, 2024

Regulatory pressure on airlines over greenwashing increases as deadlines for widespread incorporation of sustainable fuel approaches. Any attention in this area is fraught with risk; even where there has been no greenwashing, the reputational damage is done when the accusation is made and it is hard to fix.” billion litres (1.5

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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. If it is less than 24%, it is eligible and must retire high-quality credits to compensate for this gap.

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Chris Hall

SEPTEMBER 11, 2023

Levick also noted that the taxonomy could be employed via initiatives such as a net zero test, which the UK might apply to all its public investment decisions, utilising the taxonomy to evaluate whether investments align with the its definition of ‘green’.

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Chris Hall

NOVEMBER 19, 2024

Dutch court reiterated oil and gas major’s legal obligation to meet net zero, but short-term progress requires investor pressure. The NGO pointed to Shell’s plans to develop hundreds of new oil and gas fields.

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Corporate Knights

APRIL 18, 2024

The world’s biggest meat-packers have announced net-zero targets, as the industry tries to reassure the public that despite the urgency of the climate emergency, there’s no need to cut back on our burgers and steaks. It’s possible.” JBS denied the allegations. A dria Vasil is the managing editor of Corporate Knights.

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Chris Hall

DECEMBER 20, 2023

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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Chris Hall

JUNE 2, 2023

The second meeting of the Intergovernmental Negotiating Committee ( INC-2 ) was supposed to discuss options for legally binding and voluntary measures addressing plastic use as a key step to reaching consensus by the end of 2024. The post Take Five: From Paris to Dubai, via Bonn appeared first on ESG Investor.

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GreenBiz

DECEMBER 28, 2020

German sportswear company adidas committed to using only recycled polyester across its supply chain by 2024. And then there’s the opportunity for companies to offset their emissions, since trees are a natural climate solution that can help draw down greenhouse gases, especially firms adopting net-zero commitments (see below).

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Corporate Knights

JANUARY 8, 2025

Hundreds of RI funds have been winding down in the United States and Europe in 2024 alone, and product development slowed significantly in the first nine months of the year when, according to Morningstar data , 246 new funds came to market globally, compared with 444 over the same period in 2023.

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Corporate Knights

JANUARY 23, 2024

Cancelling oil industry greenwash There’s a growing consensus that the PR companies involved in greenwashed campaigns need to be held to account. There is still no regulatory consensus, for instance, on what conditions have to be met to label something “climate-neutral” or “net-zero.”

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Corporate Knights

OCTOBER 22, 2024

Toronto’s proposal would potentially remain open to ads that align with the city’s net zero goals and don’t run afoul of new federal anti-greenwashing regulations. When new anti-greenwashing regulations came into effect in Canada earlier this year, Pathways removed all content from their website.

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Chris Hall

NOVEMBER 29, 2023

Anti-greenwashing rules and guidance may become “diamond standard”. Anti-greenwashing guidance proposed by the UK Financial Conduct Authority (FCA), as well as the promise of extending the finalised Sustainability Disclosure Requirements (SDRs) to pension products, has been welcomed by the investment industry.

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Carlos Sanchez

DECEMBER 18, 2022

In 2022, the voice against “greenwashing” practices was clear and loud. On top of that, they will be creating plans to comply as soon as by the 2024 reporting cycle (e.g. Figure 2: Word Greenwashing rated 100 in popularity in 2022 – source Google Trends. Sustainability trends 2023: Net-Zero roadmaps.

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Chris Hall

FEBRUARY 15, 2023

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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Corporate Knights

MARCH 3, 2025

Adopted in 2021 and coming into effect for the 2024 financial year, the CSRD is the regulatory framework requiring firms to file social and environmental data and impact reports. Here are the main rollbacks proposed in the initial package. Companies are required to report under a list of hundreds of data points, which vary by company.

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Chris Hall

MAY 3, 2024

G7 countries said they would submit nationally determined contributions (NDCs) that “demonstrate progression and the highest possible ambition”, including 2030 targets and demonstrating alignment with net zero by 2050 goals.

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ESG Today

JULY 2, 2023

This week in ESG news: IFRS releases global sustainability and climate reporting standards; Australia to introduce mandatory climate disclosure beginning 2024; AstraZeneca announces $400 million reforestation and biodiversity investment; IBM survey finds surge in CEOs with pay tied to ESG goals; UK environment minister quits over government’s climate (..)

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Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve.

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3BL Media

AUGUST 2, 2023

While a focus on ESG has been prevalent for some time now, this surge in interest has been fueled by Canada’s commitment to achieving net-zero emissions by 2050 and an increasing number of stakeholders who expect ESG considerations be integrated into their investment programs.

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Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve.

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3BL Media

JANUARY 18, 2024

Originally published on bloomberg.com Green finance regulatory developments The 2023 United Nations Climate Change Conference (COP28) galvanized the energy around the global green finance agenda, setting the stage for a busy 2024 of green-related rulemaking and policy guidance for the financial services sector. degree celsius (1.5°C)

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