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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.
Last month, the Canada Pension Plan Investment Board (CPPIB) released its 2022 Report on Sustainable Investing , highlighting its commitment to be net-zero by 2050 and its engagement strategy to pressure companies to manage climate risks. There’s no taking the carbon out of the barrel.
Apple to Track Suppliers’ Emissions, Targeting a Decarbonized Supply Chain by 2030. Amazon Facility on Track to be First Ever ZeroCarbon Certified Fulfillment Center. EU to Require All New Cars to be Zero Emission by 2035. UK Regulator Targets Greenwashing with New Sustainable Investment Labels and Disclosure Rules.
This is why it is best to reserve the use of “low-carbon” for how energy is sourced, and not apply it to products. Decarbonization. The process through which a business or government entity reduces the amount of carbon emitted through their direct consumption of carbon fuels. Definition. Why it Matters. Definition.
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
It’s fascinating to see the mining industry trying to capitalize on these disasters to justify even more greenwashed destructive projects,” he says. It has to build housing for millions of new residents while simultaneously hitting net-zero targets.
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.
Nike’s “ Move to Zero” goal to become both zerocarbon and zero waste across its business is having concrete operational benefits. The Washington Post covers the FTC’s expected crackdown on ‘greenwashing.’ The Financial Times writes about the growing movement and the strong opposition it still faces.
It has a massive and growing fleet of renewable vehicles, and zero-carbon electricity sources (wind, solar and nuclear) powered about 38% of the state’s power in 2021, rivalling natural gas at 42%. [1]. We remain concerned that rather than just tackling greenwashing, this may have the unintended consequence of stifling innovation.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Southwest Announces New Electrification, Fuel Reduction and Circularity Goals Scania Signs Deal with SSAB for 100% Fossil-Free Steel Deliveries by 2030 DHL to Invest Over $200 Million in Clean Fuels to Decarbonize (..)
This week in ESG news: Biden vetoes Republican anti-ESG resolution; EU proposes “green claims” rules to protect consumers from greenwashing; Kering commits to emissions reduction across value chain; Microsoft signs direct air capture carbon removal deal; BlackRock to continue engaging companies on climate & emissions; Biden announces $250 million (..)
This gesture commits them to reaching a net-zerocarbon footprint by 2040, one decade before the deadline for the Paris Agreement. . Currently, 13 percent of AstraZeneca’s power load comes from combined heat and power, and the company has committed to identifying renewable alternatives by 2025. Were there other announcements this week?
While gas companies insist they can decarbonize their operations and protect their business model by repurposing their infrastructure to transport and use hydrogen, these flimsy claims dont stand up to due diligence. Hydrogen may well play a niche role in the energy transition in hard-to-decarbonize industrial processes.
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