Greenwashing, Net Zero and Stranded Assets

Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

SEPTEMBER 16, 2022

A coalition of environmental groups is calling on the federal government to regulate climate commitments made by banks and other financial institutions to avoid greenwashing and accelerate change. . Senator Rosa Galvez is also critical of the regulator ’ s approach.

Banking

Banking Greenwashing Net Zero Climate Change

Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey

ESG Today

MAY 7, 2024

Over a 3-year horizon, however, decarbonization was the most-often cited strategic priority, at 43%.

Stranded Assets

Stranded Assets Decarbonize Net Zero Greenwashing

Business-as-usual no Longer an Option for Banks

Chris Hall

APRIL 14, 2023

So let’s set the record straight: these shareholder resolutions call for banks to adopt responsible guardrails for transition financing, and to insure against both greenwashing and over-exposure to risky lending practices. Proponents of the resolutions acknowledge the near-term need for fossil fuels.

Banking

Banking Greenwashing Net Zero Stranded Assets

Let Experts Lead Engagement

Chris Hall

SEPTEMBER 13, 2024

To put this in context, BlackRock’s decarbonisation stewardship track launched with US$150 billion in assets under management, less than 2% of its total AUM. To have both stewardship teams meet with the same issuer, at best, does a disservice to more climate-conscious clients and, at worst, greenwashes the product altogether.

Global Economy

Global Economy Stranded Assets Net Zero Greenwashing

Investors Face Direct Risk from Climate Litigation

Chris Hall

JANUARY 30, 2024

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

Greenwashing

Greenwashing Stranded Assets Net Zero Banking

At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

JULY 25, 2023

The article took a full six years to finalize after the wider agreement was adopted, with international negotiators expressing grave concern about the risk of greenwashing and human rights violations, particularly for Indigenous and other local communities in the world’s poorest countries. Carbon Capture Backed by Carbon Offsets?

Paris Agreement

Paris Agreement Bend the Curve Carbon Offsets Stranded Assets

Investors Face Rising Direct Risk from Climate Litigation

Chris Hall

JANUARY 30, 2024

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

Greenwashing

Greenwashing Stranded Assets Net Zero Banking

ICYMI, Governments and Regulators are Making the Running

Chris Hall

MAY 27, 2022

The private sector’s ability to accelerate the pace of net zero transition is open to question. Perhaps these outcomes should not be a surprise after BlackRock, the world’s largest asset manager, described many 2022 climate resolutions as “ prescriptive or constraining ”.

Net Zero

Net Zero Stranded Assets Paris Agreement Greenwashing

COP27: Get finance flowing in the right direction so business can cut emissions faster

We Mean Business Coalition

NOVEMBER 8, 2022

As an example of the scale we are talking about, t he Glasgow Financial Alliance for Net Zero (GFANZ), the world’s largest coalition of financial institutions committed to net zero, represents over $130 trillion of private capital. . This means disclosing opportunities and risks. What are the barriers to action?

Net Zero

Net Zero Stranded Assets COP26 Greenwashing

Investors Still in the Dark on Climate Risks to Firms’ Finances

Chris Hall

OCTOBER 6, 2022

For example, they may request assurance that the company won’t end up with stranded assets.”. Potential evidence of greenwashing. These differences could be evidence of greenwashing.”. Investors need to know how company balance sheets could change if we really are on a path to net zero.

Divestment

Divestment Net Zero Stranded Assets Greenwashing

Pushback for Canada’s Transition Taxonomy

Chris Hall

MARCH 13, 2023

CCUS and blue hydrogen inclusion seen as slowing Canada’s net zero transition, while finance leaders urge stakeholders to “get on with it”. Produced by Canada’s Sustainable Finance Action Council (SFAC) , the proposed framework outlines two categories for sustainability-focused investments.

Net Zero

Net Zero Stranded Assets Development Greenwashing

Glencore Abandons Coal Demerger at Investors’ Request

Chris Hall

AUGUST 8, 2024

In the statement it referred to metallurgical coal as “carbon steel materials”, drawing accusations of greenwashing. This leaves it heavily exposed to reputational, regulatory and stranded-asset risk, leading many investors to avoid it. For a carbon-intensive business, Glencore has relatively ambitious climate targets.

Stranded Assets

Stranded Assets Divestment Greenwashing Paris Agreement

Investors Search for Answers

Chris Hall

APRIL 12, 2023

For investors and companies with assets within those key biodiversity areas, this raises the issue of stranded assets. Meanwhile, many have opted to retain their stakes and influence in other carbon-intensive firms as their net zero transition plans evolve.

Supply Chain

Supply Chain Supply Chains Divestment CDP

Keeping on the Straight and Narrow

Chris Hall

MAY 4, 2022

It is a truth universally acknowledged that a company transitioning to net zero greenhouse gas (GHG) emissions by 2050 or sooner is in want of a detailed plan. . How do they translate on a net zero journey? UK proposals to mandate climate transition plans are part of wider scrutiny effort. .

Net Zero

Net Zero Carbon Offsets Paris Agreement Climate Change

Energy Transition Accelerator

Chris Hall

NOVEMBER 16, 2022

Mobilising public and private capital to fund the net zero transition efforts of emerging markets and developing economies (EMDEs) has been a central theme of discussions at COP27 in Egypt. . Will Kerry’s COP27 initiative drive EMDE energy transition and put voluntary carbon markets on the fast track to credibility? .

Net Zero

Net Zero Paris Agreement Carbon Offsets Greenwashing

SEC Allows Climate Votes at Major US Institutions

Chris Hall

MARCH 29, 2022

Leading US banks and insurers will face votes at their upcoming AGMs asking for policies aligned with the International Energy Agency’s (IEA) net zero roadmap , after challenges to shareholder resolutions were rejected. . Risk of stranded assets . said Kate Monahan, Director of Shareholder Advocacy? “In targets. .

Net Zero

Net Zero UNEP Banking Stranded Assets

ESG Impact Zone

Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Over Half of CEOs Say Sustainability a Higher Priority Now than 12 Months Ago: EY Survey

Trending Sources

Business-as-usual no Longer an Option for Banks

Let Experts Lead Engagement

Investors Face Direct Risk from Climate Litigation

At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Investors Face Rising Direct Risk from Climate Litigation

ICYMI, Governments and Regulators are Making the Running

COP27: Get finance flowing in the right direction so business can cut emissions faster

Investors Still in the Dark on Climate Risks to Firms’ Finances

Pushback for Canada’s Transition Taxonomy

Glencore Abandons Coal Demerger at Investors’ Request

Investors Search for Answers

Keeping on the Straight and Narrow

Energy Transition Accelerator

SEC Allows Climate Votes at Major US Institutions

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