Remove Divestment Remove Greenwashing Remove Paris Agreement
article thumbnail

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement

GreenBiz

Pressure on creatives: PR, advertising firms targeted by fossil fuel divestment movement. Stephen Woodford, CEO of the Advertising Association in the United Kingdom, believes it therefore is becoming increasingly untenable for advertising, PR and lobbying firms to engage in blatant greenwashing on behalf of fossil fuel clients. "I

article thumbnail

Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. Divest or wind down? With the expansion of the coal portfolio comes an opportunity for Glencore to provide investors with a credible plan to responsibly wind down its coal assets in line with the Paris Agreement.”

Insiders

Sign Up for our Newsletter

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

Trending Sources

article thumbnail

ICYMI, Governments and Regulators are Making the Running

Chris Hall

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.

article thumbnail

New Climate Rules and Guidance for UK Pensions

Chris Hall

UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. Paris alignment. degrees Celsius.

article thumbnail

How Institutional Investors Can Be Involved in Climate Actions

Chris Hall

This resulted in concerns over greenwashing accusations and uncertainty surrounding the interpretation of sustainable investments. Initiatives such as divestment from fossil fuels, engagement with companies on sustainability issues, and the launch of dedicated ESG funds demonstrate their commitment to driving positive change.

article thumbnail

Take Five: From Paris to Dubai, via Bonn

Chris Hall

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.

article thumbnail

Empowering Young Leaders to Solve the World’s Energy Challenges: Insights From Nine Business Case Studies Highlight Paths to a Sustainable Future

James Militzer

C threshold (above pre-industrial levels) stipulated in the Paris Agreement. Were the sustainability measures and corporate social responsibility offices at VW simply engaged in greenwashing? As we move further into 2023, it can take a lot of energy to think about energy.