Why we can't cheat our way to net zero
GreenBiz
OCTOBER 27, 2022
Sponsored: Just how much carbon offsetting is simply greenwashing? As a sustainability director, I have become versed in what it means for a company to manage its environmental impact.
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Nasdaq Survey Report: 2024 Global Net Zero Pulse
3BL Media
SEPTEMBER 26, 2024
Nasdaq Review the results from a survey that primarily polled corporate carbon credit buyers, who share insight into how the market for durable carbon removal credits has changed over the past year and the role carbon credits play in net zero strategies. How has the VCM changed in the last 12 months?
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Trending Sources
Is Carbon Offsetting Worth It?
3BL Media
AUGUST 31, 2022
DESCRIPTION: Significant price spikes in the energy attribute certificate (EAC) and carbon offset markets have many companies are wondering whether environmental commodities are the right way to reach their goals, asking: is carbon offsetting worth it? Is carbon offsetting worth it?
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How a new wave of lawsuits is targeting airline "greenwashing"
Corporate Knights
OCTOBER 5, 2023
A wave of anti-“greenwashing” litigation is seeking to hold major players in the aviation industry to account for sensational claims of being sustainable, low-carbon or contributing to net zero. Why greenwashing? It’s not hard to see why the aviation industry has provoked the ire of climate activists.
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Net Zero Claims in UK Advertising and the Risk of Greenwashing
Chris Hall
APRIL 28, 2023
Matthew Shankland, Head of Sidley Austin’s London-based Disputes Resolution Practice, outlines how i nvestor s can mitigate against the increased risk of greenwashing-related issues in company advertising. Under English law, there is no specific cause of action for, or law governing, greenwashing.
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Analyzing Carbon Offset Markets’ role in our journey to a net-zero world
Carlos Sanchez
NOVEMBER 24, 2021
Carbon offset markets have always been complex and controversial instruments to fight climate change. Reading this article, you will better understand the carbon offsets market, carbon offsets controversy and the key initiatives to follow. Carbon Offsets Markets size. Introduction.
Concerns about credibility of carbon offsetting schemes expressed in UK environmental services survey
Envirotec Magazine
JUNE 13, 2024
While almost a third of those questioned (33%) believed carbon offsetting is a viable strategy for achieving net-zero emissions, just 37% have employed it as a strategy to reduce their businesses’ environmental impact. Worryingly, only 3% of those interviewed said their organisation was currently at net zero.
Companies Who Communicate Breakthrough When Facing Greenwashing Scrutiny
3BL Media
FEBRUARY 11, 2022
This week we’re diving into the scrutiny (earned or not) brands face when they make net-zero promises. Companies are facing increased investigations into their strategies, plans, and commitments to reduce their GHG emissions – not just get to net-zero, which can be overly reliant on carbon offsets.
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EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims
ESG Today
JUNE 17, 2024
The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services.
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Court Greenlights Greenwashing Case Against KLM
ESG Today
JUNE 8, 2023
A legal action filed by Dutch campaigners with greenwashing claims against airline KLM has been given permission to proceed to a full hearing by the District Court of Amsterdam. Hiske Arts, campaigner at Fossielvrij, said: “Today’s ruling rightly confirms that climate organisations have a place in combating greenwashing.
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A Framework for Companies That Want to Avoid Greenwashing
B the Change
FEBRUARY 4, 2023
That means avoiding “greenwashing,” or false communications about environmental action. Greenwashing is a big problem. You’ve probably heard of greenwashing. We define greenwashing and explain why it hurts your company. What Is Greenwashing? Greenwashing can be either intentional or unintentional.
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SBTi Clarifies that “No Change Has Been Made” to Use of Carbon Credits in Net Zero Plans Following Backlash
ESG Today
APRIL 16, 2024
The organizations’ key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.
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Delta Hit with Greenwashing Lawsuit over Carbon Neutrality Claims
ESG Today
MAY 31, 2023
The lawsuit comes as companies globally face increasing scrutiny of their environmental sustainability claims, with consumers and regulators increasingly on the lookout for greenwashing, or claims that exaggerate or misrepresent the impact or sustainability profile of products and business operations.
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Net Zero Plans Must Face Forensic Scrutiny
Chris Hall
JANUARY 28, 2022
The use of carbon jargon to camouflage flimsy net zero plans will come to an end, exposing bad players, warns Gary Smith, Partner at Haven Green Capital Partners. Everyone and anyone can announce that they have a plan to achieve net zero carbon emissions in 2050. It is like the ‘Wild West’ out there.
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Guest Post – Greenwashing, Greenhushing and Greenwishing: Don’t Fall Victim to These ESG Reporting Traps
ESG Today
JUNE 21, 2023
By: Rob Fisher, Maura Hodge, and Bridget Beals, KPMG From top companies committing to net-zero emissions targets to national and international bodies crafting standards and regulations, reporting on ESG topics is quickly becoming a norm of doing business in 2023. Greenhushing refers to a company’s refusal to publicize ESG information.
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What Net-Zero companies are and How to start the journey
Carlos Sanchez
DECEMBER 17, 2020
Net-zero emissions companies is one of the fastest-growing business trends. According to scientists achieving net-zero before 2050 is critical to keeping us safe from the catastrophic consequences of climate change. Still, many organizations struggle to make their first steps to become Net-Zero companies.
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Major report casts uncertainty over carbon-offset market
Corporate Knights
AUGUST 1, 2024
The world’s leading authority on corporate climate plans has dealt a blow to the carbon-offset industry, signalling that it objects to corporations using carbon credits in place of emission reductions in their own supply chains.
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ESG Today: Week in Review
ESG Today
JUNE 9, 2024
This week in ESG news: Deloitte study finds over 70% of companies have abandoned M&A deals over ESG concerns; CDP launches new sustainability reporting platform; EU regulators call for action on greenwashing in financial sector; H&M warns against use of carbon credits in corporate net zero plans; Climeworks unveils carbon removal tech breakthrough; (..)
2020 was the year that…
GreenBiz
DECEMBER 28, 2020
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.
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New Climate Policy Bills in California Herald Sweeping Changes for Businesses
3BL Media
NOVEMBER 27, 2023
AB 1305: Voluntary Carbon Market Disclosures Business Regulation Act For its part, AB 1305 will impose new disclosure requirements on companies - public and private, of all sizes - that make net-zero GHG emissions, GHG emissions neutrality, or similar claims.
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‘Carbon neutral’ and ‘net-zero’ claims face global greenwash crackdown
Corporate Knights
MAY 17, 2023
Back in 1986, an ecologist on a research trip to Fiji reportedly coined the term “greenwashing” in an essay critiquing a beachfront resort’s towel reuse policy. Four decades later, greenwashed marketing claims, did not, it turns out, come out in the wash. The agency only issues greenwashing fines only every few years.
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There's a new push to get net-zero targets to matter
Corporate Knights
SEPTEMBER 26, 2024
Over the last decade and a half, a standard form has emerged in which governments and corporations have made their promise to do so: the net-zero target. As a strategy, the net-zero target has been criticized by climate advocates; at its worst, it can be a vague, unenforceable greenwashing program. In the U.S.,
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This Week’s Tech and Tools News: Impact Cubed Tools Target Greenwashing
Chris Hall
MARCH 31, 2022
Linking our factual data to tech-enabled tools is a powerful antidote to ESG ratings confusion and concerns about greenwashing.” Carbon credits rating provider Sylvera has added carbon credit pricing from Xpansiv Market CBL , the spot exchange for carbon offsets, to its carbon intelligence platform.
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Sustainability trends 2023
Carlos Sanchez
DECEMBER 18, 2022
In 2022, the voice against “greenwashing” practices was clear and loud. Figure 2: Word Greenwashing rated 100 in popularity in 2022 – source Google Trends. Sustainability trends 2023: Net-Zero roadmaps. At COP26 last year, we left with the feeling that businesses were committed to net zero.
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What Are the Business Risks Associated With Transitioning to a Low-Carbon Economy?
3BL Media
AUGUST 25, 2022
Forbes reports that at least one-fifth of the world’s largest companies have committed to meeting net-zero targets in the pursuit of a low-carbon economy. Lack of visibility and perceptions of “greenwashing”. Meanwhile, renewable energy sources continue to become more accessible and affordable. It’s the right move.
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Divergent Asian Taxonomies Create Confusion for Investors
Chris Hall
OCTOBER 8, 2024
No country in the region has made reporting against the frameworks mandatory, further increasing greenwashing risk and due diligence costs. A comprehensive taxonomy can mitigate the risk of greenwashing by enforcing stringent requirements and maintaining transparency.”
Divergent Asian Taxonomies Create Confusion for Investors
Chris Hall
OCTOBER 8, 2024
No country in the region has made reporting against the frameworks mandatory, further increasing greenwashing risk and due diligence costs. A comprehensive taxonomy can mitigate the risk of greenwashing by enforcing stringent requirements and maintaining transparency.”
Listen to the Science
Chris Hall
MAY 1, 2024
As the fallout continues over the Science Based Targets initiative’s approach to offsets, is the net zero target-setting landscape for corporates fit for purpose? As an example of good practice, Turner cited the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA). “It
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Green taxonomy proposal may overcome Canada's climate finance impasse
Corporate Knights
MARCH 7, 2023
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. Or companies could use financial mechanisms such as decommissioning bonds that would be payable if the projects continue past the closure date.
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VCM Code of Practice Launches, with Google, Unilever and Hitachi on Board
Chris Hall
JUNE 7, 2022
With Google, Unilever and Hitachi among those already signed up to road-test the provisional code, VCMI is hoping more businesses will take up what it calls a globally standardised benchmark when using carbon credits as part of their net zero strategies. . Market-based solutions are critical to reducing emissions.
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Unaffordable Prices and Inaccessible Data Reducing Green Consumerism, Survey Finds
Sphera
DECEMBER 15, 2022
Amid high-profile greenwashing scandals, access to reliable sustainability information emerges as the second biggest barrier to sustainable consumer behavior, with just one in ten consumers finding it very easy to access reliable sustainability information. However, 44% say they would “probably” pay a premium for green products. .
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4 ESG trends to watch in 2022
Carlos Sanchez
DECEMBER 7, 2021
ESG trends in 2022: Net-Zero ambition. Countries and companies have taken responsibility for climate change and raised their carbon emissions reduction ambition. As a result, 90% of the global economy and a third of the 2,000 largest companies have net-zero pledges. 2 – Carbon Offset Markets price Hike.
Mythbusting sustainable business practices
Envirotec Magazine
SEPTEMBER 1, 2022
There are no risk-free options, especially in such a maturing sector where our understanding of carbon offsetting and reduction is constantly evolving. You need consultants or brokers to help you buy ‘the right’ offsets. Buying carbon offsets is a challenging and alienating experience.
Transition Plans Should Cover Biodiversity Risks – UKSIF
Chris Hall
MAY 10, 2022
UK plan for net zero financial centre depends on development of a “nature-positive” economy, according to new report. In its new report, UKSIF further argued that the UK will not be able to achieve its objective of becoming a net zero financial centre without the development of a “nature-positive” economy.
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Cooking the books: The magical math of ‘climate-friendly’ meat
Corporate Knights
APRIL 18, 2024
The world’s biggest meat-packers have announced net-zero targets, as the industry tries to reassure the public that despite the urgency of the climate emergency, there’s no need to cut back on our burgers and steaks. That includes emissions from animals and meat purchased from suppliers. “In It’s possible.” JBS denied the allegations.
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The False Promise of Corporate Carbon Neutrality
Stanford Social Innovation
OCTOBER 4, 2022
They opened the conversation by saying they already had a strategy in mind: to pursue a certification called “ Climate Neutral ,” and as part of that, buy offsets so that they could claim “net-zero” emissions status. I spent the next hour explaining why I thought that was a terrible idea.
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Verra Heightens Transparency with Carbon Credit Project Tracker
Chris Hall
AUGUST 17, 2023
Carbon credits can be bought , traded and sold on VCMs which are currently unregulated. However, there are updates on new rules and frameworks expected from the Voluntary Carbon Markets Integrity initiative (VCMI) and Integrity Council for the Voluntary Carbon Market (ICVCM).
Calling Out the VCM Middlemen
Chris Hall
FEBRUARY 13, 2023
The lack of transparency in VCMs has driven debate, particularly among academics, on the viability of carbon offsets to effectively drive climate action. As a result, corporations could keep a cautious approach regarding offsetting, which suffers from a growing lack of credibility,” she concluded. VCMs: Help or hinder?
Aviation is plotting a sustainable course
GreenBiz
MARCH 22, 2021
body, set a course for airlines to offset emissions of international flights above a 2019-20 baseline. The pandemic led ICAO to scale back the program, CORSIA (for Carbon Offsetting and Reduction Scheme for International Aviation), to make it easier for airlines to comply. A bill introduced in the U.S.
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The Wild West of plastic credits and offsets
GreenBiz
FEBRUARY 8, 2021
Thanks to the rise in plastics pledges, an emerging and undefined market for plastic offsets is just beginning to take shape. And, much like the market for carbon offsets, it’s messy. . The potential for greenwashing is high. Given that U.S.
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A Measured Approach
Chris Hall
SEPTEMBER 22, 2023
Before the end of the year, it will publish a price for carbon emissions, which Cohen hopes will put an end to one of the many hot and increasingly political debates surrounding the net zero transition. There are lots of prices for the cost of polluting the atmosphere by emitting more CO2.
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Pension Plans Increase Focus on ESG Investing for a Sustainable Future
3BL Media
AUGUST 2, 2023
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.
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Keeping on the Straight and Narrow
Chris Hall
MAY 4, 2022
It is a truth universally acknowledged that a company transitioning to net zero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a net zero journey? UK proposals to mandate climate transition plans are part of wider scrutiny effort. .
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The music industry changes its tune on climate change
Corporate Knights
OCTOBER 24, 2022
Agreeing to work collectively, the pact includes a commitment from each signatory to reduce greenhouse gas emissions to net-zero by 2050 and achieve a 50% reduction by 2030. With a quantifiable number, they then built in the price of carbon offsets supporting the Medford Spring Grassland Conservation Project in Bent County, Colorado.
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