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Setting targets without mandatory disclosure path “counterproductive” and risks greenwashing, non-profit warns. The countries to commit to the GBF included 19 of the G20 members, with the US being the only member country not to agree to the GBF having not attended COP15 in December last year.
This week in ESG news: Shell’s board of directors sued over climate strategy; UK regulator to test asset managers for greenwashing claims; Nordea ties top exec compensation to ESG goals; CDP says only 1 in 200 companies have credible climate plans; KPMG & Workiva partner on ESG reporting solutions; Aviva Investors to require climate transition (..)
As the focus sharpens on how governments and businesses are turning net zero commitments into action, We Mean Business Coalition, CDP, Ceres and Environmental Defense Fund have this week released a new report to help companies accelerate their climate journey – via credible climate transition action plans (CTAPs). of warming.
A boost in electric transportation is already displacing more than a million barrels of oil per day – a figure that will increase further as EVs are set to make up half of all new cars bought in the US by 2030. A great example of this kind of collaboration was the pledge by a coalition of countries including the U.S.
We must have zero tolerance for net zero greenwashing.” Yet the implication that all corporate climate action is tantamount to greenwashing is simply wrong. In this context, companies can and should be on track to cut emissions in half by 2030 and reach net zero by 2050. The reality is far more complex. C within reach.
The 4 A’s of Climate Leadership guides companies to credible climate action, from using the Science-Based Targets initiative (SBTi) to set emissions targets, to disclosing through through CDP. It builds credibility As climate change becomes an ever-more prominent subject, accusations of greenwashing are becoming more common.
C warming target set in the 2015 Paris Agreement on climate change, and there must be a “rapid acceleration of mitigation efforts after 2030” if there is any hope of limiting global temperature increases to 2°C. . The Carbon Disclosure Project’s (CDP) 2021 Global Supply Chain program, which represents 200 member organisations with US$5.5
government – the world’s largest purchaser – proposed that all federal contractors must set science-based targets and disclose their environmental impact through CDP, following in Norway’s recent footsteps. In a huge step forward for net zero economies and supply chains, the U.S. C temperature rise limit.
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C While greenwashing should always be avoided, it’s important to highlight that making credible progress is by no means easy for companies. The science is clear: we are already reaching dangerous tipping points in the earth’s ecosystems.
Citi’s update on its net zero strategy was more warmly received for its commitment to absolute reductions in financed emissions by 2030, with the caveat that the bank does not explicitly rule out financing future fossil fuel expansion. Investors and businesses are seeking out new opportunities to invest in renewable energy.
The SBTi is part of the World Resources Institute (WRI) Center for Sustainable Business and a collaboration of WRI, the Carbon Disclosure Project (CDP), the World Wildlife Fund (WWF) and the UN Global Compact. This has fueled confusion and accusations of greenwashing. C to avoid the catastrophic impacts of climate change.
A new guide from the We Mean Business Coalition, “ The 4 As of Climate Leadership ” defines, in terms of ambition, action, advocacy and accountability, what companies must do to deliver on net-zero commitments and avoid accusations of greenwashing. CalPERS has been using CDP data to analyze the carbon risk of its own portfolio.
In 2022, the voice against “greenwashing” practices was clear and loud. Finally, we had COP15 on Biological Diversity with the agreement to Protect and Conserve at least 30% of the World’s Land and Ocean by 2030 (30×30). Figure 2: Word Greenwashing rated 100 in popularity in 2022 – source Google Trends.
SBTi, a partnership between the CDP, the United Nations Global Compact, the World Resources Institute (WRI) and the World Wide Fund for Nature (WWF), notably tightened its emissions reduction frameworks last year, having previously accredited strategies aligned to a 2°C rise in global temperatures. Addressing greenwashing.
The tool was established to ensure that companies are held accountable for their commitments towards halting and reversing nature loss by 2030. Funding from the GCAA is helping train companies in disclosing their impacts and dependencies on nature, in conjunction with CDP.
trillion across the region by 2030. In its recent report on environmental disclosures by firms in Southeast Asia, covering climate, water and deforestation, disclosure platform CDP found a 25% increase in forest-related disclosures, with growth rates in the region outstripping global trends.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Arkema to Cut Emissions Across Value Chain by More than Half by 2030 New York Bans Fossil Fuels in New Buildings Starting 2026 TotalEnergies Sues Greenpeace Over Claims that Energy Giant Significantly Understates (..)
This week in ESG news: HSBC ends financing of new oil & gas projects; EU agrees to a carbon tax on imports; Australia to introduce mandatory climate reporting for companies; Dow Jones Sustainability annual index changes released; Barclays sets $1 trillion sustainable finance goal; Annual CDP environmental scores released; Biden invests $3.7
Net Zero Economy / Finance The European Securities and Markets Authority (ESMA) has published a new report that helps to define ‘greenwashing’ from the authority’s point of view. The Energy Efficiency: Decade for Action report details that global energy intensity decreased by 2.2%
times its current level by 2030, though still short of the tripling goal agreed at COP28. Energy President Joe Biden has halted approvals for pending and future applications to export liquefied natural gas (LNG) from new projects owing to pressure from climate activists. This growth trajectory would see global capacity increase to 2.5
Moreover, according to CDP, supply chain emissions are on average 11.4 Businesses must close the ‘Say : Do’ gap; the greenwashing space between their environmental pledges and (lack of) actions to meet them Paul Polman, former Unilever CEO. Besides, it could use sustainability reporting platforms such as CDP.
Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. Eighty-four percent responded to less than 80% of those indicators. .
Is 'net-zero' greenwash? Net-zero goals range from commitments to reduce emissions by a specific percentage by a target year, which are reported through platforms such as CDP, to more general announcements of net-zero ambition. What progress can we expect to see in, say, 2025 or 2030? Joel Makower. Tue, 11/17/2020 - 02:11.
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