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This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)
C-Aligned Climate Transition Plans Jumps 44% in a Year: CDP C-aligned climate transition plans; BNP Paribas AM requires portfolio companies to integrate climate component into executive compensation, and more.
Barriers to progress Companies and governments are under increasing scrutiny to deliver on their climate goals, and concerns around corporate greenwashing are rife, as our recent survey produced with Conservation International, Corporate Minds on Climate Action , highlighted.
We must have zero tolerance for net zero greenwashing.” Yet the implication that all corporate climate action is tantamount to greenwashing is simply wrong. I regularly hear from CEOs, CSOs and other corporate leaders just how challenging it is to develop a credible decarbonization strategy and plan. C within reach.
We saw new highs of ambition within one of the hardest-to-decarbonize sectors, as Cemex, Holcim and Titan become the first cement companies to set 1.5°C-aligned New guidance and tools were launched to further support companies on the path to decarbonization. C-aligned science-based targets. C temperature rise limit.
As customers demand greener products and services, investors seek out the next big climate solution, and governments legislate to cut emissions, companies know they need to decarbonize, and fast. Ambition: Has the company set the right decarbonization targets? The new financial regulatory developments in the U.S.,
make greenwashing easier to detect and allow companies that are really delivering on climate action to stand out from the crowd. Mission Possible Partnership launched its 2030 Milestones , detailing the necessary actions needed this decade to decarbonize heavy industry. C-aligned science-based targets.
Two events will increase corporate Net-zero programs credibility and separate climate action from pure greenwashing: The launch of the first science-based Net-Zero standard by SBTi. Among several requirements, companies will need to reach deep decarbonization of 90-95% before 2050.
Moreover, according to CDP, supply chain emissions are on average 11.4 Businesses must close the ‘Say : Do’ gap; the greenwashing space between their environmental pledges and (lack of) actions to meet them Paul Polman, former Unilever CEO. Besides, it could use sustainability reporting platforms such as CDP.
Cities Government & Regulators Australia to Launch Decarbonization Plans for Key Sectors Biden Launches $20 Billion Climate and Clean Tech Project Financing Programs Australia Releases Rules for Sustainability Claims to Fight Greenwashing by Companies ESG Reporting & Disclosure Norway’s $1.3
Net zero signals of change this week include billions of euros for industrial decarbonization in Germany. Net Zero Economy / Finance The European Securities and Markets Authority (ESMA) has published a new report that helps to define ‘greenwashing’ from the authority’s point of view.
Focused on the decarbonization of semiconductor supply chains, the initiative aims to provide opportunities for suppliers to participate in utility-scale power purchase agreements (PPAs). 128 companies are committed to improving their energy efficiency through EP100.
Is 'net-zero' greenwash? For example, companies may refer to becoming "carbon negative" or "climate positive"; or that they seek to achieve "net-zero" or "net-negative" emissions or "deep decarbonization"; or that they plan to become "emissions-free" or achieve "zero emissions"; or that they are committed to a "1.5 Joel Makower.
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