Greenwashing 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. . The post Advocates urge regulation of banks’ climate commitments to avoid greenwashing appeared first on Corporate Knights.

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

For example, 73% of CEOs and 67% of investors agree that companies are “greenhushing” in response to fears of being accused of greenwashing, while 74% of CEOs and 67% of investors said that company balance sheets face risks from stranded assets caused by ESG factors, and 74% of CEOs and 73% of investors believe that consumer behaviors are still not (..)

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

Webinars

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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

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.

Net Zero

Net Zero Stranded Assets Paris Agreement 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.

Stranded Assets

Stranded Assets Divestment Greenwashing Paris Agreement

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.”. In some cases, they have stayed invested and asked companies for more information. How balance sheets could change.

Divestment

Divestment Net Zero Stranded Assets Greenwashing

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

We Mean Business Coalition

NOVEMBER 8, 2022

Will a company’s investment take it a step closer towards a net zero world, or will it be a stranded asset tomorrow? What are the barriers to action? These disclosures can help identify policy, incentives and tools that close the gap between corporate ambition and action. .

Net Zero

Net Zero Stranded Assets COP26 Greenwashing

Energy Transition Accelerator

Chris Hall

NOVEMBER 16, 2022

And there are wider issues around the VCMs already in operation, such as credit pricing, third-party verification and reducing the risk of greenwashing. . While the ETA will offer a “fixed price” for corporates, there are concerns that too low a price could reduce the quality of the credits and expose the market to greenwashing risk. .

Net Zero

Net Zero Paris Agreement Carbon Offsets Greenwashing

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. Regulators in APAC and beyond increasingly are alert to the risks of greenwashing, imposing new requirements to ensure that the contents of sustainable funds justify their labels and marketing claims.

Supply Chain

Supply Chain Supply Chains Divestment CDP

Pushback for Canada’s Transition Taxonomy

Chris Hall

MARCH 13, 2023

We’re talking stranded assets, almost certainly, within the timeframe it would take to build out CCUS capacity.” CCUS is “a dead end” that simply allows fossil fuel companies to “hit the snooze button on transition”, he said.

Net Zero

Net Zero Stranded Assets Development Greenwashing

Keeping on the Straight and Narrow

Chris Hall

MAY 4, 2022

The taskforce will also consider guidance on avoiding greenwashing strategies, and the simplification of assessing, comparing and interpreting transition plans. . Wartmann emphasises the importance of ensuring transition plans are aligned with companies’ audited financial statements. . “

Net Zero

Net Zero Carbon Offsets Paris Agreement Climate Change

SEC Allows Climate Votes at Major US Institutions

Chris Hall

MARCH 29, 2022

Risk of stranded assets . Committing to align with the IEA and UNEP FI frameworks but failing to fulfil recommendations will invite accusations of greenwashing, a clear reputational risk for the banks,”? at Trillium Asset Management.? “In said Kate Monahan, Director of Shareholder Advocacy?at

Net Zero

Net Zero UNEP Banking Stranded Assets

Shocker: EU Set To Kill Off Its Own Sustainable Finance Rules By Greenwashing Fossil Gas

CleanTechnica

JANUARY 4, 2022

The European Commission attempted to bury news of its last-minute move which jeopardises the EU’s Green Deal and greenwashes fossil fuels, Transport & Environment (T&E) says. Originally published on Transport & Environment.

Greenwashing

Greenwashing Stranded Assets Climate Change

Stranded Assets & 5 Top Greenwashing Topics — Interview With Assaad Razzouk

CleanTechnica

NOVEMBER 7, 2021

Part 1 of the interview focused on Assaad’s career history and then 5 top greenwashing topics. Part 2, below, starts with a discussion about stranded assets and then resumes Assaad’s list of greenwashing topics. […].

Stranded Assets

Stranded Assets Greenwashing Climate Change

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

Webinars

Trending Sources

Business-as-usual no Longer an Option for Banks

Webinars

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

Glencore Abandons Coal Demerger at Investors’ Request

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

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

Energy Transition Accelerator

Investors Search for Answers

Pushback for Canada’s Transition Taxonomy

Keeping on the Straight and Narrow

SEC Allows Climate Votes at Major US Institutions

Shocker: EU Set To Kill Off Its Own Sustainable Finance Rules By Greenwashing Fossil Gas

Stranded Assets & 5 Top Greenwashing Topics — Interview With Assaad Razzouk

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