Corporate Knights

SEPTEMBER 16, 2022

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.

Banking 361

Banking Greenwashing Net Zero Climate Change 361

Chris Hall

APRIL 14, 2023

So let’s set the record straight: these shareholder resolutions call for banks to adopt responsible guardrails for transition financing, and to insure against both greenwashing and over-exposure to risky lending practices. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

Banking 98

Banking Greenwashing Net Zero Stranded Assets 98

Chris Hall

JANUARY 30, 2024

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

Greenwashing 80

Greenwashing Stranded Assets Net Zero Banking 80

Corporate Knights

JULY 25, 2023

The article took a full six years to finalize after the wider agreement was adopted, with international negotiators expressing grave concern about the risk of greenwashing and human rights violations, particularly for Indigenous and other local communities in the world’s poorest countries. Carbon Capture Backed by Carbon Offsets?

Paris Agreement 246

Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

JANUARY 30, 2024

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

Greenwashing 59

Greenwashing Stranded Assets Net Zero Banking 59

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.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

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.

Stranded Assets 52

Stranded Assets Divestment Greenwashing Paris Agreement 52