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A lack of engagement with key stakeholders and timing of greenwashing investigation among criticisms levelled at European Supervisory Authorities. Enforcement needed to tackle greenwashing Fixler said on LinkedIn that these actions “did more to tackle greenwashing than the entirety of SFDR [EU Sustainable Financial Disclosure Regulation].”
Taxonomies define economic activities aligned with sustainability goals across multiple sectors and provide guidance to corporates and investors with an aim to mitigate greenwashing. The EU Taxonomy was among the first such tools, with its governing Regulation entering into force on 12 July 2020.
It was supported by an informal technical expert group, and a founding partner group consisting of Global Canopy, UNDP, UNEP FI, and WWF, to develop recommendations for more effective nature-related disclosures in order to promote more informed investment decision-making.
Stronger wording might have been possible, but this was a big step in the right direction,” said Remco Fischer, Climate Lead, UN Environment Programme Finance Initiative (UNEP FI). That’s something that the markets and the investors need to navigate,” says UNEP FI’s Fischer. C in realistic reach.
For the past two years, our research has cautioned that the absence of any internationally accepted definition of net zero and any guidance on how corporates can achieve it was hindering corporate climate progress and the ability to measure the efficacy of corporate pledges. C trajectory. What does a credible strategy look like?
Worst sort of greenwashing One aspect, she says, is highlighted by drawing a dividing line between the oil and gas industry on the one hand and other sectors that have lobbied on climate action issues, such as steel, chemicals and cars. In October 2021, UNEP reported : “Global plastic production has risen exponentially in the last decades.
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