ESG Today

FEBRUARY 9, 2023

The suit marks the latest in a series of shareholder and legal challenges to face Shell over its energy transition strategy, including a complaint filed earlier this month to the SEC by advocacy group Global Witness accusing the company of greenwashing by misleading investors about the amount of investment it is directing towards renewable energy.

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Chris Hall

JULY 1, 2022

To prove his point, Usher notes the investigation by the US Securities and Exchange Commission (SEC) into greenwashing allegations made in the Wall Street Journal by a former executive of asset management firm DWS. Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”.

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3BL Media

JANUARY 11, 2023

In the year to October 2022, more than 85 million tons of carbon capture capacity were announced, leading to a 44% hike in the forecast for installed capacity by 2030. By the end of 2023, the cumulative CCUS capacity expected by 2030 could be almost 420 million tons, a 50% increase. Sustainable Investing – Greater Scrutiny.

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Supply Chain Supply Chains Paris Agreement Divestment 130

We Mean Business Coalition

NOVEMBER 29, 2022

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.

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Net Zero Paris Agreement Chief Sustainability Officer Climate Change 75

Chris Hall

APRIL 7, 2022

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. . He is disappointed more has not been achieved since the Paris Agreement. . “In

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Net Zero Supply Chain Supply Chains Paris Agreement 52

Chris Hall

MARCH 22, 2022

New tool identifies greenwashing, finds GFANZ exclusion policies lagging net zero pledges. The tracker detects greenwashing practices in the finance sector, said Director Lucie Pinson. “It Their 2030 phase out for thermal coal power isn’t inclusive of the US, a coal generation powerhouse. C targets, said Reclaim Finance.

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Chris Hall

MAY 27, 2022

Climate-focused investors welcomed the change from the coal-wielding Scott Morrison, calling for an “investment grade 2030 emissions target”, and accompanying policy changes, including a National Transition Authority. Only a minority voted against the climate strategies of Shell and TotalEnergies, despite misgivings about both firms’ plans.

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Sustainability Matters

SEPTEMBER 26, 2022

Corporate sustainability goals often align with published, globally endorsed agreements such as those of the Paris Agreement and the United Nation’s Sustainable Development Goals (SDGs). Both of these services feed into our sustainability goal of becoming more than 90% circular by 2030. Make them personal.

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Manufacturing Paris Agreement Greenwashing Development 52

Chris Hall

OCTOBER 11, 2023

A recent report by the Inevitable Policy Response (IPR) forecasts that climate policy will continue to accelerate, driven in part by the twin Paris Agreement Global Stocktake/Ratchet cycles between now and 2030. C in the Paris Agreement; with only 3% of global policies currently moving towards the 1.5°C

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Net Zero Paris Agreement Climate Scientist Greenwashing 59

Chris Hall

NOVEMBER 4, 2022

Its key headlines – that adaptation finance flows to developing countries are 5-10 times below estimated needs and that overall annual adaptation costs could reach US$160-340 billion by 2030 – have implications for COP27 negotiators and investors.

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Paris Agreement COP26 Net Zero Green Bonds 52

Chris Hall

JUNE 7, 2024

But regardless of the make-up of the coalition, India’s next government will need to up the ante to have a hope of meeting even its existing climate commitments, such as installing 500GW of renewables, which will handle 50% of electricity demand, by 2030. C-aligned, but all-encompassing.

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Sphera

APRIL 21, 2022

Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. In the Paris Agreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.

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Net Zero Paris Agreement Greenhouse Gas Protocol Climate Change 52

We Mean Business Coalition

JUNE 2, 2022

Since the 2015 Paris Agreement, thousands of companies have voluntarily set ambitious, science-based emissions reduction targets. By working together, we will unleash the potential of corporate climate leadership in pursuit of our shared goals of halving emissions by 2030 and securing a just, sustainable future for all.

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COP26 Net Zero Paris Agreement Greenwashing 59

Chris Hall

AUGUST 8, 2024

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. Anglo American sold its thermal coal portfolio in 2021, while BHP announced in 2022 that it would close its last such mine in 2030.

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Stranded Assets Divestment Greenwashing Paris Agreement 52

Chris Hall

NOVEMBER 16, 2022

Annual clean energy investment in EMDEs needs to increase by more than seven times, from US$150 billion in 2020 to over US$1 trillion a year by 2030, according to an International Energy Agency (IEA) report. . It has been launched in partnership with philanthropies the Bezos Earth Fund and Rockefeller Foundation. .

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Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Chris Hall

JANUARY 18, 2023

Net Zero Insurance Alliance plan leaves door open to greenwashing, claim campaigners. This first set of targets should be achieved by 2030 at the latest, with new interim targets published every five years. Peter Bosshard, Global Coordinator of Insure Our Future, said the protocol would not align insurance underwriting with a 1.5°C

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Net Zero Greenwashing Climate Change Paris Agreement 52

James Militzer

MARCH 2, 2023

C threshold (above pre-industrial levels) stipulated in the Paris Agreement. Were the sustainability measures and corporate social responsibility offices at VW simply engaged in greenwashing? But many expect that within the next few years demand for LIB disposal will rise sharply, and by 2030, 1.2

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Supply Chain Supply Chains Climate Change Development 98

Chris Hall

JUNE 22, 2022

Given the mixed track record of the finance sector in aligning with the goals of the Paris Agreement, its response to the increased pressure is seen as key test of major institutions’ ability to transition long-established business models. . Phasing down and out .

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B the Change

JULY 7, 2022

Policymakers are working toward the Sustainable Development Goals (SDGs), 17 global goals set by the United Nations in 2015, to be achieved by 2030. These include events such as international climate conferences (Paris Agreement, COP 26) and campaigns on board gender diversity by large asset managers (BlackRock, State Street, and Vanguard).

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Banking Chief Sustainability Officer Impact Investing Paris Agreement 98

Chris Hall

JUNE 17, 2022

Sceptics remain unconvinced , their reservations over financial institutions’ commitments reinforced by news of further regulatory crackdowns on greenwashing, this time at Goldman Sachs , accused of overstating the credentials of its green funds.

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Chris Hall

JULY 11, 2022

To be included in the taxonomy, gas-fired power or heat assets must have lifecycle emissions below 100 grams of CO2 per kilowatt hour or “meet a number of stringent conditions and obtain a construction permit by 2030”, according to the Commission’s Q&A document. Members of the Joint ECON/ENVI Committee previously objected to the DA. .

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Carlos Sanchez

NOVEMBER 24, 2021

In particular, we need to reduce 23 Gigatonnes by 2030 from the current 41 Gt emitted per year and achieve net-zero by 2050. According to McKinsey , projections for voluntary carbon offset markets point to demand reaching 2 Gigatonnes of carbon dioxide by 2030 and up to 13 Gt by 2050. Why are Carbon Offset Markets Controversial?

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Carbon Offsets Net Zero COP26 Climate Change 59

We Mean Business Coalition

NOVEMBER 18, 2022

To support companies in their investments in nature, We Mean Business Coalition launched a new partnership with the Voluntary Carbon Markets Integrity initiative (VCMI) , supporting companies to follow VCMI’s Claims Code and helping to ensure carbon market investments strengthen global action towards achieving the goals of the Paris Agreement.

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Chris Hall

NOVEMBER 9, 2022

The UN High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities issued its recommendations for eliminating ‘greenwashing’ from net zero pledges, which emphasised the need for “significant near- and medium- emission reductions” in 2050 decarbonisation plans. . Banks lay out targets .

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Net Zero Banking Paris Agreement Climate Change 52

Chris Hall

NOVEMBER 19, 2024

A decision by The Hague Court of Appeal to overturn a ruling requiring Shell to almost halve its carbon emissions by 2030 has allowed the firm to delay decarbonisation in the short term. But the oil and gas major’s delay tactics do not mean the firm can completely evade its legal responsibility to mitigate negative climate impacts.

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Chris Hall

DECEMBER 20, 2023

Ahead of the conference, the data had been collected and analysed, with assessments delivered on the effectiveness of actions taken to date, primarily in the form of signatories’ nationally determined contributions (NDCs) to the Paris Agreement. The official verdict was clear. C of climate change by 2100.

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Chris Hall

JULY 10, 2023

ShareAction launched a new definition of ‘responsible investment’ in a bid to raise standards across the financial sector and help prevent greenwashing and misleading claims.

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Net Zero Paris Agreement Greenwashing Development 52

Chris Hall

APRIL 12, 2022

It also said that FIs should transition and align all financing activities with net zero pathways that achieve Paris Agreement goals, with “no or low overshoot”, as well as align them with the UN Sustainable Development Goals. Addressing greenwashing. Immediate action is already possible for short term science-based targets.

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We Mean Business Coalition

MARCH 16, 2023

It builds credibility As climate change becomes an ever-more prominent subject, accusations of greenwashing are becoming more common. Emissions continue to rise despite the latest reports showing they need to be cut by 43% by 2030. However, only 0.4% This is where our consolidated guidance and templates can help.

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Net Zero CDP Bend the Curve Climate Change 52

Chris Hall

JUNE 2, 2023

The Bonn Climate Change Conference marks the end of its technical phase , meaning parties conclude their assessment of progress toward achieving the goals of the Paris Agreement (a synthesis report will be published in September). The post Take Five: From Paris to Dubai, via Bonn appeared first on ESG Investor.

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Paris Agreement Climate Change Divestment Supply Chain 52

Sustainable Development Network

JANUARY 9, 2020

Phoebe Koundouria, a Professor from Athens University of Economics and Business, represented the shipping sector, “We need commercially viable zero emission vessels to start entering the global feet by 2030.” Speakers represented LafargeHolcim Espana , the World Green Building Council (WGBC) , ICLEI, and the City of Lima, Peru.

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Net Zero Decarbonize Paris Agreement Shipping 52

Chris Hall

OCTOBER 14, 2022

This March, Canadian Prime Minister Justin Trudeau told a sustainable business forum in Vancouver “things have changed” since the country signed up to the Paris Agreement on climate change. This year, Canada introduced its 2030 Emissions Reduction Plan , which aims to achieve 40-45% emissions reductions below 2005 levels by 2030.

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Climate Change Net Zero Paris Agreement Banking 52

Chris Hall

MAY 13, 2022

In the UK, a Green Technical Advisory Group (GTAG) was created to support the development of a green taxonomy, intended to provide a universal framework to define investments that are environmentally sustainable as well as to help businesses avoid greenwashing claims. What does a credible strategy look like?

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Chris Hall

NOVEMBER 23, 2022

30 adaptation outcomes by 2030 across food and agriculture, water and nature, oceans and coastal, human settlements, and infrastructure systems to enhance resilience for four billion people highly vulnerable communities. . At least US$1 trillion of this needs to be annually invested in EMDEs. C is to remain achievable. .

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We Mean Business Coalition

NOVEMBER 11, 2022

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. Ambition: Has the company set the right decarbonization targets?

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Chris Hall

APRIL 12, 2023

And while there are instructive parallels with the catalytic impact of the Paris Agreement on identifying and mitigating climate risks by the private sector, there are also important differences. trillion across the region by 2030. The GBF is influencing policy through its goals and 2030 targets.

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Supply Chain Supply Chains Divestment CDP 52

Chris Hall

JUNE 8, 2023

Pledges and plans – This was a potentially significant week in the fight against greenwashing , with UN Climate Change unveiling its ‘ recognition and accountability framework ’ – essentially a tool for monitoring and verifying the net zero pledges of non-state actors – at its Bonn Climate Conference.

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