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The agenda focuses on bridging the gap between innovative visions and tangible actions, with a special emphasis on the energy transition, corporate decarbonization, climate finance, food and agriculture, and adaptation and resilience. You’re invited to explore the agenda and register to be part of these progressive conversation.
Yet that is precisely where the industry has found itself, after a new grassroots campaign — Clean Creatives — launched this month in the United States, aimed at pressuring advertising, PR and public affairs agencies to end what it regards as "greenwashing and misinformation campaigns that help delay climate action.". It is a big business.
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.
The colloquial term for this phenomenon, particularly as it relates to sustainability, is greenwashing, and it’s far from novel. Here’s a quick rundown: Greenwashing is a practice used by businesses to represent themselves as more sustainable than they truly are. Greenhushing refers to a company’s refusal to publicize ESG information.
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.
The new fund will invest in companies related to materials that are essential for the low carbon transition and opportunities created by decarbonizing materials supply. Hambro added: We are targeting what we believe to be an overlooked segment of the value chain for lower carbon technologies.
Burning hydrogen in power plants is no silver bullet for meeting decarbonization goals, in part because leaks could lead to higher levels of methane, a potent greenhouse gas.
The European Council today announced the adoption of two pieces of legislation today, including a directive to nearly double the share of renewable energy consumption in the EU by 2030, and a law aimed at decarbonizing the aviation sector by accelerating the adoption of sustainable aviation fuel (SAF).
Pence was speaking at an oil and gas conference where executives are being asked tough questions by investors looking to decarbonize their portfolios. Profit maximization is still the end goal, so sustainable investors need to expect greenwashing and do their homework before buying in.
The post Corporate Decarbonization, Supportive Policy to Drive 2023 Rebound in Sustainable Bond Market: Moody’s appeared first on ESG Today. Moody’s forecasts the GSSS bond market to grow 10% in 2023 to issuance of $950 billion, after declining 18% in 2022 to $862 billion, from a record $1.05 trillion in 2021.
administration may have a dampening effect on global climate action, clean energy investments will continue in other countries to support decarbonization and energy security. Moodys noted that even as the new U.S. Moreover, Moodys does not anticipate a significant decline in U.S.
Companies are operationalizing sustainable practices in regenerative landscapes, decarbonization of transportation, and scaling innovative consumer products The momentum is palpable with committed companies and organizations. The Good News: Action is happening at scale!
However, it’s difficult to gather reliable data on these emissions, and without solid evidence, this reporting can be an exercise in greenwashing. Such a regulatory and reporting environment will ensure that organisations cannot simply greenwash their way to a better public image. Blockchain-supported platforms allow them to do that.
In some instances, they may amount to so-called ‘greenwashing’ with consumers effectively being deluded into thinking their ‘energy efficient’ home represents a better outcome for the environment.”. Thousands of structures that earned high EPC ratings were still emitting lots of carbon due to shortcomings in the ranking system. “In
Over a 3-year horizon, however, decarbonization was the most-often cited strategic priority, at 43%. For the study, EY’s CEO Outlook Pulse Survey, EY surveyed 1,200 CEOs from large companies across 21 countries and five industries, as well as 300 institutional investors in 21 countries.
The International Organization for Standardization (ISO) announced that it has commenced work on the development of a new international standard on net zero, aimed at providing clarity and credibility to organizations’ net zero targets and strategies, and to guard against greenwashing.
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. The EU’s taxonomy has been particularly controversial because of its inclusion of natural gas and nuclear as “green investments.”
Decarbonization. Decarbonization is an effort to actively reduce one’s carbon expenditure into the environment. Decarbonization is an effort to actively reduce one’s carbon expenditure into the environment. Transparency garners goodwill, and avoiding the appearance of greenwashing keeps stakeholders happy. Definition.
Measurabl Co-Founder and CEO Matt Ellis said: “The antidote to greenwashing is objective measurement and transparency. They have become the indispensable ESG platform for real estate and trusted partner to owners and occupiers who must mitigate climate risk, decarbonize their real estate portfolios, and improve access to capital.”
SUMMARY: James Mandel, Blackstone’s Chief Sustainability Officer, and Jake Shirmer, a Principal in Portfolio Operations, explain why tracking greenhouse gas emissions is neither greenwashing nor a compliance checkbox. At Blackstone, we’ve structured our carbon accounting program as an integral part of active decarbonization.
On the decarbonization front, Moody’s highlights the pressures likely to face sectors that are highly exposed to carbon transition risks that have yet to disclose detailed transition plans, such as oil and gas, mining and agriculture. Click here to access Moody’s 2023 ESG Outlook.
Signatories agree to implement decarbonization strategies in line with the Paris Agreement. Because yahoos such as me write critical columns about how they’re greenwashing or failing to do enough. Amazon got more companies to sign on to its Climate Pledge , including Best Buy, McKinstry, Real Betis, Schneider Electric, and Siemens.
The FEL forms part of the EU’s RefeulEU Aviation regulations , adopted last year and aimed at decarbonizing aviation. Indeed, several airlines have been accused or charged with greenwashing over unclear or misleading claims on emissions and environmental impact in recent months.
Close the perception gap As sustainability initiatives become more prevalent across companies, consumers are becoming more skeptical of greenwashing. In fact, 50% of Gen Z consumers believe that organizations or brands are greenwashing. However, executives do not appear overly concerned with accusations of greenwashing.
This article was originally published in Newsweek Opinion A fierce debate is currently distracting businesses from their collective responsibility to decarbonize. Recent reports that airlines and other hard-to-decarbonize industries are to stop investing in carbon credits reflect some hesitancy creeping into the voluntary carbon market.
These are also critical to building a sustainable future, including the realization of global decarbonization ambitions. Chemours’ chemistries enable thousands of products people use every day, from phones to cars and medical devices. What role do you feel your company plays in the sustainability conversation in 2022?
To that end, the COP28 Presidency unveiled the Global Decarbonization Accelerator , a set of initiatives focused on scaling up new energy systems, targeting noncarbon greenhouse gas emissions and decarbonizing energy systems today.
In this paper, we describe our process for assessing ESG-labeled bonds and show that, by systematically applying this framework, investors can help set a gold standard for the market, avoid surprises from controversy and greenwashing, and potentially generate more alpha over time. Less Greenwashing Can Mean More Alpha.
SB 253: Climate Corporate Data Accountability Act The common phrase in the GHG accounting world “you can't measure what you can't track" underlines the fact that decarbonization action starts with GHG emissions accounting. In this article, we'll summarize each new law as well as outline the likely impact on businesses.
Meanwhile, public and private efforts to slow global warming through decarbonization and shifts in consumption could undermine certain business models and transform the flow of goods and services around the world. Organizations without a suitable climate plan are in danger of being left behind as the economy reacts to these trends.
By bond type, Moody’s estimates green bond volumes will increase modestly to $580 billion in 2024, up 3% from $564 billion in 2023, as issuers from across sectors finance climate transition plans, and companies in hard-to-abate sectors invest in capital intensive projects to meet decarbonization commitments, with growing policy support improving the (..)
In another letter, not seen by ESG Today, but reported by media outlets including Reuters and The Guardian , staff said that it would work against allowing the SBTi to “become a greenwashing platform,” and called for the resignation of the CEO and board member supporting the new policy.
Turning COP into a venue for greenwashing Oil and gas did not show up to the COP party uninvited. They could have an amazing impact on accelerating decarbonization, but theyve decided not to do it. They are granted pavilions, theyre given official space for their greenwashing. As former U.S.
While the report found little progress on advancing corporate climate strategies over the past year, it also highlighted corporate leaders with deep decarbonization commitments and leading initiatives to achieve emissions reductions.
Thus, SLBs—more than most other ESG-labeled bonds—need close watching for potential greenwashing, the practice of a company misleading investors about its commitments to environmental improvement. In our analysis, this suggests a greater risk for greenwashing among SLBs.
When robust scrutiny and constructive engagement is substituted for accusations of greenwashing, the barrier for corporate entry to the climate cause becomes even higher. They have shown the way for thousands of companies to follow, and these companies will benefit from the lessons learnt from the pioneers.
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.
Through collaborating with the SCC, semiconductor companies can share decarbonization best practices, set ambitious decarbonization goals and achieve greater GHG emissions reporting transparency. Greenwashing happens when companies or organizations make misleading statements about the sustainability of their products and services. .
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.
Sphera’s software enables Blackstone’s participating portfolio companies to strategically manage greenhouse gas (GHG) emissions and measure progress against decarbonization goals. In 2022, Blackstone integrated Sphera’s carbon accounting solutions within its platform of resources available to portfolio companies.
Were an individual able to get an allocation of primary shares of a B Corp (or a traditional company directly engaged in decarbonization) that would qualify as a way to invest for impact. Most often, these vehicles enable companies to raise capital with interest rates tied to delivery of certain decarbonization or nature restoration targets.
As the global corporate community actively works to decarbonize, companies are increasingly pursuing renewable energy to mitigate their Scope 2 emissions. To address this gap, Sustainability Roundtable, Inc. (SR SR Inc) proposes the establishment of a “Purchaser Caused” (PC) tag, which will certify EACs as having enabled new grid capacity.
While the regulations may have similar goals of promoting transparency and addressing greenwashing, each framework differs in its scope or requirements, adding both a level of complexity and confusion. Different regulatory requirements have popped up in other jurisdictions, such as labelling regimes in the UK, France and Singapore.
This year's event built off the learning from the SDSN's Roadmap to 2050 A Manual for National to Decarbonize by Mid-Century report published in partnership with Fondazione Eni Enrico Mattei (FEEM). The event’s panels on the first day were focused on the decarbonization of the power, transport, industry, and buildings sectors.
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