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Second, we strengthened our greenhouse gas (GHG) emissions data gathering, methodology documentation, and reporting processes and controls. First, we continued to report our sustainability strategy, governance, plans, and progress to our stakeholders as transparently as possible, following the most widely accepted standards.
“Financing climate solutions and increasing our corporate engagement will generate more emissions reductions while also producing stronger, sustainable long-term returns.” An assessment included in the 97-page document outlining the path to net zero for OPERF found that the highest risks to the fund lied with fossil fuels investments.
The document is not a game-changer, however, largely outlining the main components of Europe’s ‘ Fit for 55 ’ strategy, which was formulated well before last month’s synthesis report on the technical dialogue of the Global Stocktake warned of a “rapidly narrowing window” to implement existing commitments to tackle climate change.
The challenge for investors and regulators of identifying exaggerated claims by firms about their transition to sustainable and climate-positive practices has grown rapidly. A document seen by Reuters revealed that the EU has drafted plans to require companies to support green claims about their products with detailed evidence.
While digitization was on the rise even before COVID, it’s been well documented in NextBillion and other outlets that the pandemic served as an accelerator to these efforts. Embracing Digitization. Photo courtesy of East Africa Fruits.
In other US climate-positive news, the Biden administration recently awarded US$4.3 billion in federal grants across 30 states to 25 projects aiming to boost clean-energy development and reduce the nation’s greenhouse gas emissions.
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