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When entities claim that their products or services are “sustainable”, “carbon neutral” or “net-zerowaste,” are their claims really substantiated? The Challenge of Greenwashing: An International Regulatory Overview Download In some cases, these claims are not fully based on facts or substance.
Theme: Navigating the energy transition Register today Thursday 14 November 2024 11:30am – 1:00pm (GMT+4) | Greenwashing: Are your green claims robust enough to withstand scrutiny and avoid greenwashing accusations? With sustainability and transparency at the forefront of the business landscape, the issue of greenwashing has emerged.
emissions through the carbon mitigation associated with a forest planted in Rwanda or a direct air capture project in Canada, a plastic credit could go to paying waste collectors in Bangalore or expanding a plastic processing facility in Indonesia. . The potential for greenwashing is high. Given that U.S.
Achieving a net-zero economy is a huge challenge, requiring change on a global scale that impacts the way we live, work and do business. Listen to the full episode to learn more about the importance of transparency, data and ambition as companies develop and act on their sustainability goals to reach net-zero.
“To achieve the approved sustainable travel badge,” the survey notes, “each hotel has to share their carbon emissions, water consumption, food consumption and waste, animal welfare, and many other environmental factors.”. In the green building industry, net-zero is a building that produces as much energy as it uses.
The lawsuit comes as companies globally face increasing scrutiny of their environmental sustainability claims, with consumers and regulators increasingly on the lookout for greenwashing, or claims that exaggerate or misrepresent the impact or sustainability profile of products and business operations.
Real leadership means setting the aviation sector on a path toward net-zero climate impacts as swiftly as possible. The heavier lift comes from sustainable aviation fuel — SAF, for short — which can be made from a variety of substances, including used fats and oil as well as agricultural waste. A bill introduced in the U.S.
Julien Beaulieu 29, Gatineau, QC law lecturer, Université de Sherbrooke Almost half the world’s largest corporations have pledged to go net-zero, but far too many of them are “climate-washing,” Julien Beaulieu says. We know that everything we call waste could be a valuable resource.”
Billion Green Bond Private Equity & Venture Capital JPMorgan Builds Out Sustainable Growth Private Equity Team ESG Data Startup Atlas Metrics Raises €5.2 Million to Build Out Platform Sustainable Protein Company Unibio Announces $70 Million Investment from SIIG Exec Moves Mirova Appoints Zineb Bennani as U.S.
When Coca Cola – the world’s biggest plastic polluter , was announced as one of the sponsors for COP27 this year – the world’s largest climate change conference, it sparked a wave of greenwashing accusations. Here in the UK, there has been some progress on plastic waste reduction policies.
For example, despite nearly every survey showing that a sizable majority of consumers want to reduce their own plastic waste, the pandemic has necessarily increased the use of single-serve and disposable products and packaging. That feels like an honest appraisal, more so than most survey results by purportedly green-shopping consumers.
While almost a third of those questioned (33%) believed carbon offsetting is a viable strategy for achieving net-zero emissions, just 37% have employed it as a strategy to reduce their businesses’ environmental impact. Worryingly, only 3% of those interviewed said their organisation was currently at netzero.
Sanch Gupta and Milton Calderon Donefer have saved 52,000 pounds of food from going to waste and delivered more than 60,000 meals to homeless shelters in eight cities. million tonnes of plastic waste over the following decade. The man simply bends down, tosses another into the sea and says, “I made a difference to that one.”
Companies in these sectors may face increasing costs of capital as investors and financial institutions begin implementing their own netzero commitments, as well as demand pressures as companies begin scrutinizing their supply chains as efforts to address Scope 3 emissions ramp up.
Netzero emissions: How can your company work toward a carbon neutral status? Sustainable and responsible sourcing: Supply chain diversity has been readily adopted by companies in recent years, but what about carbon, water, waste, and other elements of ESG that companies still need to tackle with their suppliers?
If airlines are to meet their net-zero commitments by 2050 – a goal set in 2021 by the industry’s trade association, the International Air Transport Association – they will have to find a substitute for fossil fuels fairly quickly. billion litres). A lot of the time, it has been in the news for reasons that make management cringe.
This January marked the three-year anniversary of the Brumadinho Dam disaster in which 272 people lost their lives and millions of tonnes of toxic waste flooded local villages, becoming Brazil’s worst ever industrial disaster. We cannot just divest from fossil fuels; we need a fair and just transition to the netzero economy.”.
The group says it “has demonstrated how the voluntary approach can deliver measurable outcomes, with the Courtauld Commitment reducing the UK’s food waste by 27% since its launch 17 years ago.” The agreement is a catalyst for change around reductions in GHGs and food waste, and is delivering sustainable water management.
Effective climate action and justice can take many forms, including developing new materials that reduce waste and harm to the Earth, or operating with transparency rather than under the guise of greenwashing. Globally and in the U.S. The subsequent work to make candle refills a reality involved a quest to find the right wax base?
This disconnect between sustainability targets and business models may well explain why terms like greenwashing, greenwishing and greenhushing [1] have taken hold. For even the most well-intentioned business, living up to your green claims is tough if your business model could actually be working against them.
The Fine Print on Carbon Credits The definitions in the federal document take a fairly expansive view of “inefficient” subsidies that “encourage wasteful consumption, reduce our energy security, impede investment in clean energy sources, and undermine efforts to deal with the threat of climate change,” as the G20 defined the term in 2009.
We’ve got over 25 years to get to net-zero. Ultimately, we intend to cut through all the complexity, greenwashing and bureaucracy to develop our own systems to help our mostly SME customers reduce their emissions and bills, rather than simply measuring to the most accurate possible figures and endlessly planning!
Labelling gas and nuclear energy as sustainable muddies the waters for netzero-focused investors. . The EU Parliament’s decision to back a Commission proposal to include gas and nuclear energy in its environmental taxonomy is a “problematic outcome” for investors committed to transitioning to netzero. .
To achieve the Agreement’s goal of net-zero emissions globally by 2050 , we must significantly boost energy efficiency and greatly accelerate the global transition away from fossil fuels, and toward new fuels such as green hydrogen and renewables such as wind, solar and thermal.
Harriet Assem from technology and environmental planning advisory firm ITPEnergised offers a few thoughts on tackling one of the less well understood elements of emissions reduction, and one that is essential to achieving netzero goals. However, while there’s much good work being done, there’s still plenty of room for improvement.
Netzero investors do not start with a blank piece of paper. A growing number of transition frameworks and guidance are now being published by governments and investment industry groups, but many investors have taken it upon themselves to identify how they can best invest in the world’s transition to netzero. .
It is also key if you’re a company operating in multiple geographies that you don’t have to report to different frameworks – as it becomes time consuming and a waste of resources. Jane Thostrup Jagd is deputy director of netzero finance at the We Mean Business Coalition.
We outline below some of the more common initiatives being driven by landlords and tenants alike and raise some of the issues arising from them, namely electric vehicle (EV) charging point installations; photovoltaic (PV) cell installations; and netzero obligations as part of green leases. Green leases and the move to netzero.
While leaders are overwhelmingly using direct measurement to track energy emissions (83%), resource availability (82%), fresh water availability (75%), solid waste (74%) and materials use (73%), they rely upon guesswork and estimates for air pollution (83%), nature loss (78%), supply chain impact (69%) and water pollution (60%).
Below is a summary of the discussions and key recommendations for achieving netzero emissions by mid-century. As of September 2019, at least 77 countries and 100 cities have committed to netzero carbon emissions by 2050. Day two centered around the overarching themes of defining metrics and the systems approach.
Responsible investment opportunities received a further boost earlier this year with the election of a new government committed to transitioning Australia toward a low-carbon economy in line with an accelerated netzero pathway. which has now been approved by federal parliament. Thematic variations.
The Global Reporting Initiative assesses company activities and supply chains for a wide range of ESG impacts: Environmental: climate change, resource depletion, waste and pollution, deforestation. GFANZ — Glasgow Financial Alliance for NetZero. GRI — Global Reporting Initiative.
The issues are many, from the resources needed to grow cotton or produce synthetic fabrics, usually from petroleum feedstocks, to the waste that ends up in landfills, especially for inexpensive and trendy clothing items that often have a short useful life. Net-zero commitments found infinite potential. Help could be on the way.
Australia’s green taxonomy is a joint government-industry initiative that aims to provide a common standard for green and transition finance that will assist in accelerating the allocation of capital towards sustainable activities to achieve Australia’s netzero goals.
They are saying: show me your approach; show me your partnerships; show me your netzero commitments,” he says. “SWFs’ priorities vary by geography, but overall, they are keen to see evidence from their teams and their managers around sustainability in action.
In January, an investor-led initiative was launched to address systemic risks in the mining sector to ensure a just transition to netzero, partly in reaction to a string of mining-related disasters that have generated despair and distrust from local communities and untold environmental damage. in 2018, to 8.6% in 2020, and now 7.2%
ClientEarth Senior Lawyer Sam Hunter Jones said: “It’s not enough for the UK Government simply to have a netzero strategy, it needs to include real-world policies that ensure it succeeds. Anything less is a breach of its legal duties and amounts to greenwashing and climate delay.
Netzero signals of change this week include billions of euros for industrial decarbonization in Germany. NetZero Economy / Finance The European Securities and Markets Authority (ESMA) has published a new report that helps to define ‘greenwashing’ from the authority’s point of view.
Starbucks Certifies Over 6,000 Locations as Greener Stores LEGO Group Signs 9-Year Carbon Removal Deal with DAC Provider Climeworks Microsoft Signs 95,000 Ton Biochar Carbon Removal Deal with Climate Solutions Startup The Next 150 Government & Regulators Australia Court Finds Vanguard Guilty in Greenwashing Suit UK Fashion Retailers ASOS, Boohoo (..)
In 2024, AI's impact on sustainability will enter the spotlight, and organizations will start to monitor the carbon footprint of their entire technology infrastructure as they strive to meet net-zero targets. This will help avoid greenwashing claims and accelerate the drive to netzero.
Is 'net-zero' greenwash? This year, there has been much ado about zero. It’s becoming hard to read the green media, or even the mainstream media, without seeing new net-zero commitments from companies, governments, institutions and others. Now, net-zero is the flavor of the month. Joel Makower.
There are accusations of greenwashing from one side, ‘wokeism’ from another, and a lingering question on everyone’s lips: is it making a difference? Are all those netzero commitments really ambitious enough? First there was the boom then came the backlash. It involves humans in a complex dance of measurement choices.
Activist investors should be pushing companies much harder to get serious about going net-zero. Retail investors seem cautious about sustainable investing, and greenwashing is a huge concern. The good news is that we’re seeing further advancements in the areas of transparency and taxonomies that should rein in greenwashing.
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