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Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. Among those involved are nonprofits including Carbon Tracker, CarbonPlan, Hudson Carbon, OceanCarbon, RMI, WattTime and the Earthrise Alliance, and tech companies Bluesky Analytics and Hypervine.
This week in ESG news: EU launches green industrial plan to counter US Inflation Reduction Act; California lawmakers propose rule requiring full value chain emissions disclosure from companies; survey finds large majority of companies boosting spend this year on sustainability initiatives despite headwinds; Amazon sets corporate renewable energy record; (..)
Sobeys Parent Empire Commits to NetZero Goals. AllianceBernstein Commits to NetZero Investments and Operations. Nestlé Opens $340 Million Green Electricity-Powered, Zero Wastewater Coffee Factory in Mexico. Singapore Unveils Disclosure Rules for ESG Funds to Reduce Greenwashing Risk.
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.
Without insightful reporting, companies can’t gauge progress towards their sustainability goals like net-zero. That’s why we enable transparency with advanced analytics that power simple, preconfigured dashboards to support ESG performance monitoring.”. These initiatives are often complicated.
Indian Prime Minister Narendra Modi’s announcement in the first days (much to the surprise of Indian observers) that India would reach netzero emissions by 2070 and generate 50% of its energy from renewables by 2030 helped lower that trajectory to 2.4°C. New Climate Institute and Climate Analytics.
Linking our factual data to tech-enabled tools is a powerful antidote to ESG ratings confusion and concerns about greenwashing.” The end-to-end solution provides portfolio level analytics with full transparency to underlying holdings’ ESG, impact, and UN SDG performance. Indonesia has committed to a netzero emission target by 2060.
VCMs Lose, but Nature Gains Ground In a setback for voluntary carbon markets (VCMs), which have been plagued by allegations of greenwashing, the conference failed to agree on new rules that would create a central accounting system for countries and companies to offset and trade their carbon emissions.
That action is increasingly associated with elements of ESG, sustainability and reporting frameworks to benchmark progress against lofty goals toward a net-zero future. If they can’t communicate their sustainability initiatives along with the data to support it they will run the risk of being seen as greenwashing.
To achieve the Agreement’s goal of net-zero emissions globally by 2050 , we must significantly boost energy efficiency and greatly accelerate the global transition away from fossil fuels, and toward new fuels such as green hydrogen and renewables such as wind, solar and thermal.
First, there was something of a stock-take on the whole subject in November, in a report from the NetZero Asset Owner Alliance, the 80-strong UN-sponsored group with US$11 trillion under management. Elsewhere, it added, index providers should supply net-zero aligned benchmarks and asset owners should use them.
This subjectivity has meant that the threat of greenwashing – the practice of companies and funds exaggerating the environmental benefits of their actions – has risen precipitously. Investors must begin to analyse how companies are positioned to take advantage of trends that are emerging as the world prioritises net-zero.
Whilst it is tempting for ESG-focused investors to ignore the assets in ‘old world’ sectors, doing so means overlooking the opportunity to make a real difference in these companies’ journey to netzero. It is these ‘transitional issuers’ that can act as the gateway to a greener economy and ultimately lead the race to netzero. .
Mhairi Gooch has joined as Senior RI Consultant and will lead on net-zero, with her appointment following the firm joining the Net-Zero Consultants Initiative in 2021. As it reaches maturity, there’s growing demand for rigorous ‘greenwash-proof’ impact data across global markets, with the US catching up to Europe.” .
Much of the required fund-raising will be realised through sustainable bonds, said Moody’s, due to a post-pandemic focus on investment to achieve UN Sustainable Development Goals (SDGs) and major governments’ pursuit of netzero CO2 emissions targets. Developing economies globally need to invest as much as US$4.5 Transition challenges.
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). Net-zero commitments found infinite potential. BP announces net-zero by 2050 ambition.
The VCMI is introducing demand-side rules for entities using carbon credits as part of their decarbonisation strategies and netzero pledges. Earlier this year, carbon credit ratings and analytics provider Sylvera raised US$57 million in a Series B funding round to scale its carbon intelligence platform in the US.
This not only creates considerable confusion among investors but exposes them to accusations of greenwashing, as well as the risk of holding investments that are not aligned with their own ESD/SDG requirements. And just as well! Capture the opportunity. The sheer magnitude of money flow will undoubtedly lead to extraordinary opportunities.
It is a truth universally acknowledged that a company transitioning to netzero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a netzero journey? UK proposals to mandate climate transition plans are part of wider scrutiny effort. .
Bringing ESG ratings providers into regulation will boost investor confidence, reduce greenwashing, and address the lack of transparency highlighted in responses to the governments consultation.” netzero or supply chain) or who offer multiple rating.
Thats Sergio Velasquez-Rose, head of strategy, insights and analytics at the Potential Energy Coalition, a non-profit, non-partisan alliance of marketing agencies trying to shift the conversation on climate change. Words including decarbonization, net-zero, anthropogenic or carbon footprint dont work.
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