Corporate Knights

DECEMBER 20, 2022

Unlike the climate crisis that led to the signing of the Paris Agreement , biodiversity loss has received little attention until now. The Living Planet Report 2022 shows an average decline of 69% in wildlife populations since 1970, thus emphasizing the dual crises of biodiversity loss and climate change driven by human activities.

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Bend the Curve Impact Investing CDP Paris Agreement 274

GreenBiz

SEPTEMBER 25, 2020

bank to commit to net-zero emissions generated from its financing activities by 2050. . Signatories agree to implement decarbonization strategies in line with the Paris Agreement. Because yahoos such as me write critical columns about how they’re greenwashing or failing to do enough.

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Climate Change Paris Agreement Net Zero Supply Chain 239

Chris Hall

JUNE 21, 2024

Greenwashing is a growing risk in the Chinese fund management sector, as marketing of ESG products runs ahead of standards and regulatory oversight, a new report by Greenpeace has found. China falls behind Greenwashing has emerged as a major problem in developed countries over the last decade with the rise of ESG-labelled funds.

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Greenwashing Green Investing Paris Agreement Climate Change 52

Chris Hall

JANUARY 28, 2022

Once approved by the European Commission, banks will have to start making climate disclosures in 2023, with full phase-in by June 2024. The European Banking Authority (EBA) has published its final standards for how European banks will have to disclose their contribution to the region’s climate targets.

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Banking Paris Agreement Greenwashing Climate Change 52

ESG Today

JULY 8, 2022

Index provider S&P Dow Jones Indices (S&P DJI) and Bank of China Hong Kong (BOCHK) announced today the launch of the first climate transition index covering companies in the China Hong Kong Greater Bay Area (GBA).

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Net Zero Paris Agreement Decarbonize Greenwashing 98

Corporate Knights

JULY 25, 2023

With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” “The simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We

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Paris Agreement Bend the Curve Carbon Offsets Stranded Assets 246

Chris Hall

JULY 1, 2022

Sustainable finance, until recently still a niche activity, is now a mainstream strategic consideration for banks, asset managers and insurers. Fancy writes: “To fix our system and curb a growing [greenwashing] disaster, we need government to fix the rules.”. One takes a step, signals the other and they take a step.”. of emissions.

Net Zero 98

Net Zero UNEP Greenwashing Banking 98

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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Net Zero Climate Change Paris Agreement Greenwashing 98

Chris Hall

OCTOBER 28, 2022

Regulation will never be sufficient to protect investors from greenwashing, says Alexandra Mihailescu Cichon, EVP at RepRisk. While this is to be encouraged as a step toward the transition to a more sustainable future, focused around lower-carbon economies, this same pressure has also led to an uptick in greenwashing.

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Greenwashing Paris Agreement Climate Change Banking 52

Chris Hall

MARCH 22, 2022

New tool identifies greenwashing, finds GFANZ exclusion policies lagging net zero pledges. Fewer than half of the 150 largest financial institutions worldwide have implemented oil and gas exclusion policies, according to a new tool designed to track the fossil fuel exposures of banks, insurers and investors.

Net Zero 52

Net Zero Paris Agreement Banking Greenwashing 52

3BL Media

JANUARY 11, 2023

The price signal from the biggest market in term of traded value, the European Union, will be muted as lawmakers eye carbon as a piggy bank to fund the bloc’s shift from Russian gas. The World Bank estimates that a carbon price of $50 to $100 per ton of CO2 is required by 2030 to meet the temperature goals of the Paris Agreement.

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Supply Chains Supply Chain Paris Agreement Divestment 130

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. . Most of those banks are members of the UN-convened net-zero banking group. .

Net Zero 52

Net Zero Paris Agreement Banking Climate Change 52

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.

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Net Zero Banking COP26 Paris Agreement 52

Chris Hall

NOVEMBER 4, 2022

SLB-washing – Sustainability-linked bonds took an unexpected leap toward inclusion in the common lexicon this week when they were fingered by the Bureau of Investigative Journalism as the latest example of greenwashing.

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Paris Agreement COP26 Net Zero Green Bonds 52

Chris Hall

MARCH 10, 2022

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. Paris alignment. degrees Celsius.

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B the Change

JULY 7, 2022

Institutional investors are leading in this area; these are mutual funds, pension funds, sovereign funds, insurance companies, banks and financial institutions, family offices, and corporate investors. Through SRI, investors put their money into companies with good CSR activities. For everyone?

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Banking Chief Sustainability Officer Impact Investing Paris Agreement 98

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 .

Net Zero 52

Net Zero Banking Paris Agreement Climate Change 52

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.

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Net Zero Greenwashing Digital Transformation Impact Investing 52

Chris Hall

JULY 15, 2022

European financial regulators’ efforts to police environmental impact claims are ineffective and create a greater risk of greenwashing. This is the excoriating view from the 2° Investing Initiative (2DII), an independent, non-profit think tank working to align financial markets and regulations with the Paris Agreement goals.

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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

NOVEMBER 16, 2022

And there are wider issues around the VCMs already in operation, such as credit pricing, third-party verification and reducing the risk of greenwashing. . While the ETA will offer a “fixed price” for corporates, there are concerns that too low a price could reduce the quality of the credits and expose the market to greenwashing risk. .

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Net Zero Paris Agreement Carbon Offsets Greenwashing 52

Carlos Sanchez

NOVEMBER 24, 2021

This reputation is an immediate concern for offset credit buyers that don’t want customers, investors, or employees to be associate their brand with greenwashing. Besides, a third of the respondents consider offsetting as pure greenwashing. Some companies avoid using them due to the risk of greenwashing.

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Carbon Offsets Net Zero COP26 Climate Change 59

Chris Hall

AUGUST 17, 2022

Professor Trevor Williams of Derby University and former Chief Economist at Lloyds Bank said: “One-off taxes on windfall profits should not damage the energy industry. Academic research published this week found that decarbonisation scenarios developed by oil majors are inconsistent with the objectives of the Paris Agreement.

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Net Zero Paris Agreement Banking Development 72

Chris Hall

NOVEMBER 23, 2022

However, shortfalls in clean energy investments persist, the IEA said, noting that “if China is excluded, then the amount being invested in clean energy each year in [EMDEs] has remained flat since the Paris Agreement was concluded in 2015”. C is to remain achievable. .

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Net Zero Paris Agreement Banking Climate Change 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. Examples include Bank of Canada and Canada Pension Plan Investment Board.

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Climate Change Net Zero Paris Agreement Banking 52

Sustainable Development Network

JANUARY 9, 2020

He also put pressure on other companies to begin the transition towards decarbonization, “Those companies that set goals for 2050 but not 2030 are indeed practicing greenwashing.” Mark Lewis from BNP Paribas Asset Management discussed the encouraging movement among asset owners to decarbonize.

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Net Zero Decarbonize Paris Agreement Shipping 52

Sustainability Matters

JULY 17, 2022

It aims to eliminate the “greenwashing” of financial products and advice and steer investments towards a sustainable economy by enabling informed financial decisions. GFANZ specifically pressures financial service firms and G20 governments to achieve the objectives of the Paris Agreement (Paris Climate Accords).

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Paris Agreement Net Zero Climate Change Supply Chains 40

Chris Hall

MAY 11, 2022

Green bond issuance has climbed a sharp trajectory since the 2015 Paris Agreement, up from around US$40 billion that year to a record US$489 billion in 2021, according to Refinitiv. Greenwashing concerns and additional credibility could be achieved by investors doing thorough due diligence on the green bonds.”.

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Green Bonds Net Zero Paris Agreement Banking 52

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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Corporate Knights

AUGUST 1, 2024

There have been numerous problems with carbon offsets – which are bought and sold by companies and financial institutions as a carbon-reduction mechanism – and many have collapsed under greenwashing allegations. C above pre-industrial levels.

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Carbon Offsets Net Zero Supply Chain Supply Chains 201

Corporate Knights

FEBRUARY 27, 2025

CPPIB s greenwashing and contradictory actions are all the more problematic in light of the fund s apparent sophistication on many elements of managing climate-related risk, the report says. President Donald Trump and many Republican governors are openly hostile to the climate action by banks, pension funds and other financial institutions.

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Climate Change Net Zero Banking Paris Agreement 144

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. One year on, something is stirring. degrees Celsius – a pledge to net-zero.

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Corporate Knights

APRIL 23, 2025

But the lack of common standards and real accountability has created uncertainty and enabled greenwashing. The shift began with the Paris Agreement in 2015, when the Task Force on Climate-Related Financial Disclosures (TCFD) was created. At its peak, the NZBA included 140 banks representing around US$64 trillion in assets.

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Banking Climate Change Net Zero Supply Chains 144

Chris Hall

NOVEMBER 1, 2024

Falling short – UNFCCC Executive Secretary Simon Stiell described as “stark but unsurprising” the findings of the latest ‘Synthesis Report’ , which calculates the impact on greenhouse gas emissions of current nationally determined contributions (NDCs) to the Paris Agreement.

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GreenBiz

SEPTEMBER 25, 2020

The intention is to align its portfolio with the goals of the Paris Agreement. Morgan Stanley, along with Bank of America and Citigroup, has agreed to deeper disclosure.) This gesture commits them to reaching a net-zero carbon footprint by 2040, one decade before the deadline for the Paris Agreement. .

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Paris Agreement Net Zero Supply Chains Supply Chain 509

Chris Hall

JULY 5, 2023

A person close to the Australian Treasury understands that the ‘Finance Agenda’ consultation is likely to include disclosures, taxonomy, transition planning and greenwashing, including financial product labelling. Parker from RIAA welcomes the potential for a product labelling system in Australia.

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Net Zero Climate Change Paris Agreement Greenwashing 52

Chris Hall

AUGUST 9, 2024

For climate campaigners who believe carbon offsetting is basically greenwashing, this was a disappointing development. Speaking of which… Kamala Harris’ pro-climate VP pick – This year’s US election will be a sliding-doors moment for green investors. Reeves was in Canada this week talking to local funds to get ideas of how to do it.

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Carbon Offsets EPA Paris Agreement Net Zero 78