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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . The post Advocates urge regulation of banks’ climate commitments to avoid greenwashing appeared first on Corporate Knights.

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RBC shareholder resolution confronts greenwashing loopholes in ‘sustainable debt’

Corporate Knights

While linking corporate debt to sustainability targets sounds like a great way of incentivizing companies to make environmental, social and governance (ESG) improvements, a lack of standardized rules has quickly opened the door to greenwashing, with some companies using the funds to continue business as usual with little ESG impact. .

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ISO to Launch Global Net Zero Standard

ESG Today

The International Organization for Standardization (ISO) announced that it has commenced work on the development of a new international standard on net zero, aimed at providing clarity and credibility to organizations’ net zero targets and strategies, and to guard against greenwashing.

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Australian Investors Demand Greater Adaptation Action

Chris Hall

New nature legislation and updated modern slavery act are also key priorities ahead of 2025 federal elections. This has included legislating a 2050 net zero target and setting a legally-binding target to reduce emissions by 43% by 2030 below 2005 levels. The plan, which has taken A$27.4

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To boost competitiveness, Europe proposes slashing key climate rules

Corporate Knights

RELATED Canadian investors stand firm on ESG despite greenhushing trend, report finds The anti-DEI movement confronts an unlikely opponent: big banks Meet the four most sustainable funds on the market for 2025 Deadlines to submit reports starting in 2026 will be pushed back to 2028.

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How Big Oil's spin doctors are influencing influencers

Corporate Knights

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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Why are financial advisers shunning green funds?

Corporate Knights

Tim Nash, founder, Good Investing Morningstar says that after three years of high growth, managers are being more selective and tactical in their approach ahead of anti-greenwashing regulations in the United Kingdom and Europe. 83% 2024-07-31 100 Desjardins RI Developed ex-USA ex-Canada - Net-Zero Emissions Pathway ETF (DRMD) 94.9%