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EE: There’s a general concern about greenwashing and the dissonance between what many companies say they believe about ESG issues and what they are actually doing. Do you feel corporate greenwashing has increased or decreased from the 1970s and ’80s? The role of investors in improving access to verifiable information is also critical.
Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. And citizens and consumers will have the kind of granular information they need to more effectively target the decision-makers and brands standing in the way of a sustainable future.
The reaction of major Canadian oil and gas companies to new federal anti-greenwashing rules has been telling. Nearly all of these major investors say that they are “engaging” with high-carbon investees in their portfolios in order to advance net-zero, setting this up as a binary choice against divestment.
along with ongoing corporate greenwashing and fossil-fuel disinformation, it’s sometimes hard to tell if society is moving forward or slipping back. In 2016, we created the Clean200 in response to investors saying, ‘If we divest fossil fuels, there is nothing to invest in.’” You follow the money, of course. through those years.
The survey also examined areas in which investors were seeking sustainability-related information, with 76% reporting that it is important for companies to report on the cost of meeting their sustainability commitments, and 74% looking for reporting on the roadmap to meet those commitments.
Yet the increased level of transparency, disclosure and accountability and third-party assurance to enforce it, while good for investors, creates a range of new challenges for companies reporting ESG information and for the investors tracking them.
Investors continue to suffer from poor-quality climate-related information in company reports and other statements, particularly from firms with the highest CO2 emissions. Only eight, or 6%, received ‘partial’ scores by providing all the information required by the CAAA methodology for at least one of the seven metrics used to assess them.
Consumers need the right information to make decisions,” said Sadan. A number of asset managers have revised the categorisation of their funds under SFDR, in light of further regulatory guidance, to avoid claims of greenwashing. . I really want you to make sure that this is not about just divestment. It is about long term.
Hard to ignore Demand for more information is coming from many stakeholders and is getting harder to ignore. They realise they need to make that information available as without it we won’t be able to make investment or lending decisions.” Nature is at the base of every supply chain.
Perhaps more encouragingly, almost a fifth of shareholders voted in favour of resolutions calling on ExxonMobil and Shell to accurately disclose the role of asset transfers in their reported GHG emissions reductions, which would stop them claiming CO2 cuts from divestments.
These new requirements are part of a bigger push right across the economy for new standards on environmental reporting to weed out greenwashing and support our transition to a net zero financial system – for example, through our new Sustainability Disclosure Requirements ,” she said.
The mainstreaming of the industry has stimulated innovation on all levels, from the creation of new financial products, to a booming service provider space and novel research to help close knowledge and information gaps. If divesting from harmful industries, communicate this publicly. Collaboration as an enabler.
Pledges and plans – This was a potentially significant week in the fight against greenwashing , with UN Climate Change unveiling its ‘ recognition and accountability framework ’ – essentially a tool for monitoring and verifying the net zero pledges of non-state actors – at its Bonn Climate Conference.
Greater impact of the regulation has yet to be seen, as we anticipate a wave of fund rebranding and divestments,” she said. In addition, in June, ESMA introduced a tool enabling to better identify cases of greenwashing in the investment management industry.
Greater impact of the regulation has yet to be seen, as we anticipate a wave of fund rebranding and divestments,” she said. In addition, in June, ESMA introduced a tool enabling to better identify cases of greenwashing in the investment management industry.
And the mayors of 12 cities — representing 36 million residents — announced their plans to divest from fossil fuels. Certifications are a good starting point for companies to help shoppers make more informed and sustainable choices," she wrote in a blog about the announcement. Were there other announcements this week?
I specialize in historically informed research on how technological development and deployment can perpetuate the climate crisis and the political functions of digital data systems in water and natural resource management. What they found was that open data is not actually open for everyone.
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