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New UN panel looks to hold companies, governments accountable for net-zero pledges

Corporate Knights

Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. In many cases, corporations or local governments don’t yet know how they will achieve net-zero status by 2050.

Net Zero 345
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Leading by Example

Chris Hall

The UAE is already proving a petro -state can transition toward net zero, says Luma Saqqaf, CEO of Ajyal Sustainability Consulting, but tough challenges remain. In March 2023, the UAE confirmed its net zero target as a domestic policy objective by signing the ‘ UAE Governments Net Zero 2050 Charter ’.

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Companies Call for Climate Disclosure Legislation As California Lawmakers Return to Session

3BL Media

In the coming weeks, lawmakers are set to consider two key pieces of legislation that would provide consumers, investors, and other stakeholders with information about how companies are managing the financial risks and opportunities from climate change. Corporate support for the legislation has been growing this year.

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NGO Calls on CA100+ to Show “Willingness to Act”

Chris Hall

Planned guidance for wider engagement themes and tweaks to the Net Zero Company Benchmark, but inconsistent voting records limiting intended impact. When the initiative launched at the end of 2017, just five of the focus companies had set net zero commitments.

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It’s time for a crackdown on corporate net-zero pledges, UN expert panel says

Corporate Knights

Governments are being called on to put some regulatory muscle behind corporate net-zero pledges to ensure they don’t amount to mere greenwashing. . It comes at a challenging time for those who want more aggressive climate action. . We must have zero tolerance for net-zero greenwashing. -UN

Net Zero 359
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In Defence of Corporate Climate Action

We Mean Business Coalition

Speaking at COP27 in Egypt last year, UN Secretary General António Guterres was clear: “the criteria and benchmarks for… net zero commitments have varying levels of rigor, and loopholes wide enough to drive a diesel truck through. We must have zero tolerance for net zero greenwashing.”

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ISSB Looks to Illuminate Resilience “Blind Spot”

Chris Hall

Climate-related scenario analysis includes how firms perform and behave under 1.5°C-aligned C-aligned paths and policies compared with business as usual, as well as the risks and opportunities for different scenarios, according to Carney, also Co-chair for the Glasgow Finance Alliance for Net Zero (GFANZ).