3BL Media

MARCH 29, 2022

COP26 kept sustainability at the top of every executive’s agenda, while social movements and supply chain challenges forced a dramatic rethink. There is still a lack of trust regarding organisations’ ESG claims and a perception that companies are guilty of greenwashing or only reporting on positive progress.

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COP26 Corporate Social Responsibility Supply Chains Supply Chain 130

Chris Hall

APRIL 12, 2022

According to the initiative’s latest report, Foundations for Science-Based Net-Zero Target Setting in the Financial Sector, banks, asset managers, insurers, and pension funds should ensure their operational and financing activities, as well as Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions, are aligned with global net-zero goals.

Net Zero 52

Net Zero Banking COP26 Paris Agreement 52

Chris Hall

MAY 3, 2022

The effectiveness of asset owner and manager actions in tackling greenwashing by companies is seen as critical to the low-carbon transition. This is despite most of the banks in question and a great many asset managers being members of these coalitions.”. But it is also being questioned due to concerns over scalability and rigour.

Net Zero 52

Net Zero Divestment Greenwashing COP26 52

Chris Hall

SEPTEMBER 11, 2023

The UK initially committed to introduce mandatory disclosure of transition plans from financial institutions and listed companies during the COP26, resulting in the formation of the Transition Plan Taskforce (TPT) in 2021.

Banking 59

Banking Net Zero COP26 Development 59

Chris Hall

AUGUST 2, 2022

The absence of standardised rules and consistent approaches, combined with a fast-evolving regulatory environment, requires asset managers and banks to be fleet-footed in order to keep up, let alone stay ahead. . China’s central bank undertakes quarterly assessments of 24 major banks on their green finance performance.

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Banking Development COP26 Greenwashing 52

Chris Hall

SEPTEMBER 27, 2023

Earlier this year at the summit for a New Global Financing Pact , new World Bank President Ajay Banga announced the launch of the Private Sector Investment Lab to develop and scale solutions that address the barriers preventing private sector investment in emerging markets.

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Net Zero Development Banking Green Bonds 86

Chris Hall

JUNE 17, 2022

Given the lack of progress on these fronts by many of its banking members, it was no surprise that GFANZ, the umbrella body for finance sector efforts to adopt net zero-aligned business models, simultaneously issued a proposed framework to help financial institutions to develop credible transition plans.

Net Zero 52

Net Zero Greenwashing Digital Transformation Impact Investing 52

Chris Hall

NOVEMBER 11, 2022

Appetite for emerging market green, social, sustainability and sustainability-linked (GSSS) bonds has surged since the COP26 Summit which saw some of the world’s richest countries promise US$100 billion in finance for climate mitigation in developing countries. Gold standard.

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Green Bonds Banking Investment Banker Greenwashing 52

Chris Hall

NOVEMBER 9, 2022

New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. . We cannot afford any slow movers, fake movers, or any form of greenwashing,” said McKenna, speaking at COP27 yesterday. “We Banks lay out targets .

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Net Zero Banking Paris Agreement Climate Change 52

Chris Hall

NOVEMBER 25, 2022

In the circumstances, others noted , preventing backsliding from COP26 was no mean achievement, nor were the efforts of Indonesia and India to maintain the G20 leaders ’ commitment to climate action last week in Bali.

Banking 52

Banking Climate Change Supply Chains Supply Chain 52

Chris Hall

JUNE 22, 2022

At the same time, the credibility of their climate strategies has been brought into question both by greenwashing scandals and recent analyses of the Paris-alignment of fund offerings. . European banks have financed upstream oil and gas expansion by more than US$400 billion since 2016, ShareAction research has found.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Chris Hall

FEBRUARY 25, 2022

Banks and financial institutions, for example, will need to observe the complex and evolving web of new sanctions with more rigour than some have managed their compliance obligations in the past. As some noted , legislative momentum on sustainability and climate was already slowing, just 100 days after COP26.

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COP26 Net Zero Climate Change Digitalization 52

Carlos Sanchez

NOVEMBER 24, 2021

Furthermore, expansion to new sectors, faster cuts of the supply of allowances and other climate policies like EU’s fit-for-55 or COP26 adoption of Article 6 are pushing prices up. Besides, a third of the respondents consider offsetting as pure greenwashing. Offsetting is often hypocrisy, and it is swirling around at #COP26.

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Carbon Offsets Net Zero COP26 Climate Change 59

Chris Hall

NOVEMBER 9, 2022

At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions. On this critical issue, there has been no absence of good intent.

Net Zero 52

Net Zero COP26 Banking Climate Change 52

Chris Hall

OCTOBER 28, 2022

Twelve tumultuous months later, the UK premier has a chance to prove that vision was not governmental greenwashing. Signals are mixed so far with the demotion from cabinet of the climate change minister and COP26 President Alok Sharma, and non-attendance of COP27 , on grounds of an economic crisis.

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Net Zero UNEP Climate Change COP26 52

Carlos Sanchez

DECEMBER 18, 2022

In 2022, the voice against “greenwashing” practices was clear and loud. Goldman Sachs ‘s and Deutsche Bank’s DWS) for exaggerating claims about their products’ sustainability credentials. Figure 2: Word Greenwashing rated 100 in popularity in 2022 – source Google Trends.

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Net Zero Carbon Offsets Supply Chains Supply Chain 52

Chris Hall

JUNE 5, 2023

UKSIF banks “phased approach “ to sustainability disclosures for SMEs to reduce compliance burden of UK ’s proposed non-financial reporting requirements.

Sustainable Investment 52

Sustainable Investment Climate Change Banking COP26 52

Chris Hall

OCTOBER 14, 2022

Examples include Bank of Canada and Canada Pension Plan Investment Board. The report says that plan should “formalise, standardise, and extend commitments that many Canadian financial institutions have already voluntarily made”, including through the Glasgow Financial Alliance for Net Zero initiatives born out of last year’s COP26 Summit.

Climate Change 52

Climate Change Net Zero Paris Agreement Banking 52

Chris Hall

NOVEMBER 23, 2022

South Africa signed a JETP at COP26 in Glasgow, which committed France, Germany, the UK, the EU and the US to supporting its clean energy transition through US$8.5 billion in first-phase financing, provided through grants, concessional loans, investments and risk-sharing instruments over three to five years.

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

Carlos Sanchez

APRIL 28, 2021

Even JPMorgan, the bank financing the operation, declared regretting its support. There are +600 ESG ratings and rankings, 4,500 ESG KPIs and several ESG-related research from other organisations such as investment banks that can be used to produce ratings according to WBCSD. On top of that, clubs face millions in financial penalties.

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Value Creation CDP COP26 Sustainable Investment 52

Corporate Knights

NOVEMBER 16, 2022

I spent a large part of my career working on international finance at the World Bank and the United Nations and now advise public development and private funds and teach climate diplomacy focusing on finance. Getting to net-zero – without greenwashing. In 2021, the financial sector arrived at COP26 in full force for the first time.

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Net Zero Greenwashing Banking COP26 246

Chris Hall

NOVEMBER 4, 2022

The UK has delivered its account of the progress made under its COP26 presidency, but with only 26 countries having made good on the Glasgow commitment to resubmit nationally determined contributions before arriving in Sharm El Sheikh, evidence is inconclusive.

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Paris Agreement COP26 Net Zero Green Bonds 52

Richard Matthews

MARCH 14, 2022

This includes sanctions against Russian banks (access to SWIFT), and bans on exports (electronics, refining equipment, military supplies etc.). At the most recent climate talks (COP26) Ukraine announced that it was joining the Powering Past Coal Alliance promising to phase out coal by 2035. Ukraine delivered more than promises.

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Climate Change Supply Chain Supply Chains Digitalization 88