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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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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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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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Investors Warned of Six Shades of Greenwashing

Chris Hall

Non-profit Planet Tracker identifies widening range of greenwashing practices, which may require greater regulatory involvement as well as investor vigilance. . The report identifies six different types of greenwashing which contribute to making the issue tougher to tackle. Slaying the green hydra .

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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.