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EU Council Agrees on New Rules to Tackle Greenwashing in Product Green Claims

ESG Today

The European Council today announced today that it has reached an agreement on a series of proposals aimed at protecting consumers from greenwashing, setting requirements for companies to substantiate and verify claims and labels regarding the environmental attributes of products and services.

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Green taxonomy proposal may overcome Canada's climate finance impasse

Corporate Knights

The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. This might include well-documented plans for mothballing facilities and timelines for staff retirements or reassignments.

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Corporate commitments for net zero by 2050 rely on climate transition action plans from 2023

We Mean Business Coalition

As the focus sharpens on how governments and businesses are turning net zero commitments into action, We Mean Business Coalition, CDP, Ceres and Environmental Defense Fund have this week released a new report to help companies accelerate their climate journey – via credible climate transition action plans (CTAPs). of warming.

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Blockchain vs. Greenwashing: Why Emissions Reporting is Pointless Without Verifiable Data

James Militzer

These claims are a result of the increasing pressure on companies from regulators, customers, investors, employees and trade unions to provide a greater degree of environmental accountability — that’s the reason you see “Made in a Net Zero Factory” printed on your cosmetics, for example.

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New Report Finds Investors View the Quality of Available Climate Data As “Insufficient”, Recommends Broader Use of High Quality, Independent Assurance

3BL Media

Assurance over corporate climate disclosure is critical to prevent greenwashing and ensure that investors can make decisions promoting long-term shareholder value and economic growth.” “Institutional investors have made it clear that they need consistent, comparable, decision-useful climate data,” said Steven M.

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Take Five: Nature Takes New York

Chris Hall

The summit’s delegates and documentation admitted there was little new on the agenda, consensus having been reached on the need to reform the global financial architecture , but were consistent in their calls for “a political push to achieve sufficiently ambitious outcomes”. What’s in a name?

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Take Five: World in Transition

Chris Hall

Many people and organisations forging the path to net zero were facing up to the need to manage change this week. In parallel with the release of its plans to decarbonise across asset classes up to 2030, the UN-convened Net Zero Asset Owner Alliance (NZAOA) published this week a background document outlining its underlying assumptions.