Remove COP26 Remove Greenwashing Remove Paris Agreement
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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.

Net Zero 124
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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.

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Sustainability disclosures: Why we need a global reporting standard in 2022

We Mean Business Coalition

Since the 2015 Paris Agreement, thousands of companies have voluntarily set ambitious, science-based emissions reduction targets. Since COP26, some of those jurisdictions (the SEC, EFRAG and International Financial Reporting Standards (IFRS) Foundation) have delivered pioneering legislative and standard-setting efforts.

COP26 59
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Finance Sector Net Zero Plans Must Respect Planetary Limits – SBTi

Chris Hall

It also said that FIs should transition and align all financing activities with net zero pathways that achieve Paris Agreement goals, with “no or low overshoot”, as well as align them with the UN Sustainable Development Goals. Addressing greenwashing. C above pre-industrial levels.

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VCM Code of Practice Launches, with Google, Unilever and Hitachi on Board

Chris Hall

Regulators around the world are considering increasing their scrutiny of companies’ emissions-reduction claims in a bid to dispel greenwashing concerns. .

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2022 Must be the Year of Action

Chris Hall

The postponed COP26 summit held in Glasgow in November was widely billed as a moment of reckoning; the world’s last chance to set out serious plans to deliver the global commitment to keep temperature rises to 1.5°C. Yet COP26 came and went without the detailed action plans required. Concerns over corporate greenwash are widespread.

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UN Ramps up Pressure on Financial Institutions 

Chris Hall

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. . Phasing down and out .