Remove Definition Remove Greenwashing Remove Net Zero
article thumbnail

Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. Greenwashing is truly a clear and present danger.”. The post Cracks showing in Mark Carney’s net-zero financial alliance appeared first on Corporate Knights.

Net Zero 360
article thumbnail

RBC shareholder resolution confronts greenwashing loopholes in ‘sustainable debt’

Corporate Knights

While linking corporate debt to sustainability targets sounds like a great way of incentivizing companies to make environmental, social and governance (ESG) improvements, a lack of standardized rules has quickly opened the door to greenwashing, with some companies using the funds to continue business as usual with little ESG impact. .

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey

ESG Today

The top nonfinancial data problems reported by finance leaders include varying data formats, cited by 39%, data inconsistencies (35%), incomplete data (34%) and unclear data definitions (33%). Other challenges included incorrect and out-of-date data, with only 4% reporting not encountering any of these problems.

article thumbnail

Advocates blast RBC's new climate targets as 'greenwashing'

Corporate Knights

The Royal Bank of Canada is out with a long-awaited net-zero strategy that sets a far softer target than the emerging international standard for financial institutions, while touting its ability to engage with clients in the fossil fuel sector and beyond to drive emission reductions. This article is republished from The Energy Mix.

article thumbnail

UN Expert Group Proposes Rules for Net Zero Commitments

ESG Today

A UN-backed group of sustainability, business, finance and government leaders unveiled a series of recommendations aimed at developing clearer standards for net zero pledges made by businesses and other non-state entities, and avoid the use of the commitments for greenwashing.

Net Zero 120
article thumbnail

The Wild West of plastic credits and offsets

GreenBiz

There is no industry standard or definition . However, there is no formal or standardized definition for plastics crediting, and such claims are inconsistently defined and applied differently from organization to organization. The potential for greenwashing is high. Given that U.S. Pull Quote. Circular Economy. Plastic Waste.

article thumbnail

B Lab Forms New Partnerships to Help Scale Credible Business Transitions to Net Zero

B the Change

(Photo by Elena Mozhvilo on Unsplash ) Scaling Impact and Strengthening Accountability Toward Net Zero Through the B Corp Climate Collective Brigitta Nemes, Senior Manager Environmental Standards at B Lab Global, shares her reflections on a new direction for the B Corp Climate Collective’s work on net zero.

Net Zero 105