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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
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.
UK pension schemes will be required to demonstrate alignment with the ParisAgreement 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.
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 ParisAgreement.”
C threshold (above pre-industrial levels) stipulated in the ParisAgreement. 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.
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.
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.
“However, compared to the findings of our inaugural report, we are disappointed to see only incremental progress; Canada’s pension sector is still not on a pathway aligned with the ParisAgreement,” said Britt Runeckles, Pensions Campaigner at Shift, a charity which engages with pension funds and their beneficiaries on climate issues.
And while there are instructive parallels with the catalytic impact of the ParisAgreement on identifying and mitigating climate risks by the private sector, there are also important differences. Nietsch agreed: “Nature issues tend to be so complex and systemic that divestment may have less of an effect than it might for climate.
“However, compared to the findings of our inaugural report, we are disappointed to see only incremental progress; Canada’s pension sector is still not on a pathway aligned with the ParisAgreement,” said Britt Runeckles, Pensions Campaigner at Shift, a charity which engages with pension funds and their beneficiaries on climate issues.
The World Bank estimates that a carbon price of $50 to $100 per ton of CO2 is required by 2030 to meet the temperature goals of the ParisAgreement. The increased scrutiny over greenwashing is necessary, and will provoke the market to favor substance over style. The divestment movement will wane.
The intention is to align its portfolio with the goals of the ParisAgreement. Newsom also was named to a two-year term as co-chair of the Under2 Coalition, a network of states and regions looking to integrate the ParisAgreement goals with a mind to social justice. . On the other side of the U.S., New York Gov.
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.
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