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Turning COP into a venue for greenwashing Oil and gas did not show up to the COP party uninvited. They are granted pavilions, theyre given official space for their greenwashing. RELATED Who are the top PR firms greenwashing Big Oil at COP29? As former U.S. Now there are growing calls to wrest control back. Is it perfect?
Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. Should it happen within a matter of months as proponents hope, its effects will spread around the world to dramatic effect.
Essentially, Article 6 has become a green fig leaf to greenwash LNG exports. That’s a particularly difficult challenge for a system that currently experiences considerable methane leakage in upstream gas production, as well as from the pipelines, large liquefaction plants and ocean-crossing tanker ships.
The solid waste industry accounts for 5% of global greenhouse emissions, which, as Franklin-Wallis notes is more than the shipping and aviation industries combined. Changing consumer behavior will require a crackdown on greenwashing, Franklin-Wallis said.
The coal mines make Teck the second-largest ship-based exporter of metallurgical coal in the world. The majority of the coal is shipped from B.C. The field is made up of four sprawling open-pit mines producing metallurgical coal, which is used to make steel. In 2022, Teck produced 21.5 billion in revenue.
In all, the researchers found that only one company (Danish shipping company Maersk) out of 25 had a net-zero pledge of “reasonable integrity.” Three companies were credited with “moderate integrity”: Apple, Sony and Vodafone.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Amazon Launches Carbon Credit Investment Service SBTi Releases Initial Draft of New Corporate Net Zero Standard Nordea Signs 68,000 Tonne Carbon Removal Agreement UBS Pushes Back Net Zero Target by 10 Years Following (..)
The European Commission faces a legal challenge of its inclusion of aviation and shipping criteria in its sustainability taxonomy, after NGOs accused it of greenwashing.
In the climate world, aviation is referred to as a hard-to-abate sector, alongside other heavy industries — shipping, aluminum, cement and concrete, among others — that aren’t easy to decarbonize through redesign or electrification. But offsetting is seen as transitional — and controversial: Some critics view it as greenwash.
At $14, such a tracker could easily become part of the insurance offered by logistics companies for B2B shipments, and even consumer shipping. However, I also think a tracker that can subsequently be tossed is an easy business model to develop and an even easier sell, which means I cynically think this may be a case of greenwashing.
This week in ESG news: IFRS releases global sustainability and climate reporting standards; Australia to introduce mandatory climate disclosure beginning 2024; AstraZeneca announces $400 million reforestation and biodiversity investment; IBM survey finds surge in CEOs with pay tied to ESG goals; UK environment minister quits over government’s climate (..)
Similarly, during checkout, customers can clearly see the carbon emissions connected to each shipping option, giving them the insights and power to choose an eco-friendly shipping method. Reduce Waste. For better or worse, returns are part of every customer’s journey. Yet, 10% of returns end up in a landfill.
Aiming to create a carbon-negative album release, they calculated the “cradle-to-grave” carbon impact of both a CD and vinyl LP from manufacturing to shipping, from its life in a fan’s stereo to its likely afterlife in a landfill 100 years from now. As an example, he points to Big Time, the 2022 album by singer/songwriter Angel Olsen.
During our conversation, Enck addressed the crucial need for companies to be held accountable for the environmental impacts their products make, as well as the major problem with chemical recycling and the abundance of greenwashing among companies taking “environmental action.” Greenwashing Groups? Other countries soon followed suit.
MSC Cruises, Fincantieri to Launch World’s First Cruise Ships Utilizing Hydrogen Power. K2 Launches ESG Certification for Fund Managers to Tackle Greenwashing Risk. Pfizer Announces 2040 Net Zero Commitment. US Foods to Ask Key Suppliers for Science-Based Emissions Reduction Commitments. ESG Services and Tools.
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.
Whether you were born in 2001 or 1951, we can all act and turn this ship around. There are more and more solutions available around the world, but beware, some might be some greenwashing. Am now 41 and I have had my fair share of this myself. I know grand parents and people in their 60s or 70s that are very concerned too.
As we work toward waste-conscious packaging or distribution and shipping options reducing carbon footprints, businesses are also reducing landfill waste, energy consumption, and vehicle emissions. How far did it have to travel to get to me? Is the packaging minimal and recyclable? Who made this product, and are they paid properly?
Transport and Shipping: Land, Air, Water This session was moderated by Renato Mazzoncini, Adjunct Professor in the Department of Mechanics at Politecnico di Milano who highlighted that decarbonization of the transportation sector is dependent upon new technologies, specifically around batteries and alternative fuels.
The UN High-Level Expert Group on the Net Zero Emissions Commitments of Non-State Entities issued its recommendations for eliminating ‘greenwashing’ from net zero pledges, which emphasised the need for “significant near- and medium- emission reductions” in 2050 decarbonisation plans. .
Restrictions, Brexit regulations, a ship stuck in the Suez Canal, extreme weather events and energy shortages impacted supply chains and prevented firms to meet their demand. Besides, Danone’s CEO stepped down after investors blamed him for failing to balance shareholder value creation and sustainability.
The breakthroughs outline sustainable pathways for marine conservation, ocean renewable energy, shipping, aquatic food, and coastal tourism. COP28’s final text does perhaps hint at the beginnings of such a framework, not least through its most-quoted output. A more focused lens What will investors remember COP28 for?
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Amazon, Google, Microsoft, Nucor Pioneer New Clean Energy Investment, Risk Sharing Models with Duke Energy Brookfield In Talks to Acquire Clean Energy Developer Neoen for $6.6
Is 'net-zero' greenwash? In addition to net-zero companies, there are also net-zero buildings , communities , products , farming , factories , supply-chains , even ships. Joel Makower. Tue, 11/17/2020 - 02:11. This year, there has been much ado about zero. There’s also net-zero water and waste.
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. However, it is still a small slice of the $2-trillion market. Is it turning fast enough?
Manufacturing, shipping, and, eventually, disposing of all that stuff when the next trend takes over has created a huge environmental problem, with discarded clothing piling up in Chile’s Atacama Desert and filling the ocean with microfibers. Last year, influencers sold more than $3.6
This week in ESG news: Biden vetoes Republican anti-ESG resolution; EU proposes “green claims” rules to protect consumers from greenwashing; Kering commits to emissions reduction across value chain; Microsoft signs direct air capture carbon removal deal; BlackRock to continue engaging companies on climate & emissions; Biden announces $250 million (..)
Amazon also created its own externally validated certification, Compact by Design , which will recognize products designed to require less packaging, which makes them more efficient to ship. . Jenny Ahlen, director of EDF+Business, praised Amazon’s new strategy but said it doesn’t go far enough. Were there other announcements this week?
Million Tons by 2030 Government & Regulators Canada Invests $350 Million in Sustainable Aviation Technology Biden Announces $2.9 Million Tons by 2030 Government & Regulators Canada Invests $350 Million in Sustainable Aviation Technology Biden Announces $2.9
Russia has lost its ‘most favored nation’ status and Russian airplanes and ships are banned in many countries. This includes sanctions against Russian banks (access to SWIFT), and bans on exports (electronics, refining equipment, military supplies etc.). We have also seen sanctions against individual Russian oligarchs.
In an example of the worst case of greenwashing, the Australian government is patting itself on the back for its “green” achievements after sending off a ship full of “brown” hydrogen to Japan. At the same time, they are subsidizing the fossil fuel industry to the tune of $20,000 a minute. Andrew Forrest says that […].
Although there’s nothing unique about the liquified natural gas, Shell and its supplier, Cheniere, are somehow marketing the shipping of fossil fuels as carbon neutral. Shell recently announced a special “carbon neutral” shipment of fracked gas to Europe. You can’t make this up.
By Eoin Bannon The global shipping fleet will be required to reduce its carbon intensity by just 1.5% Originally published on Transport & Environment. a year under a climate plan adopted by the UN regulator, the IMO, yesterday. The target is as weak as what would be achieved under business as usual¹ and falls far short of […].
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