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Are you greenwashing, wishing or walking? Companies and countries all over the world are committing to net-zero goals and pledges to the SDGs; diversity, equity and inclusion goals; human rights — the list goes on. We need to put a lot of zeros on the "More than 1,000 businesses" in order to get to a net-zerocarbon economy.
Hydrogen can be made from fossil fuels or from renewable energy and water using an electrolyser producing zerocarbon emissions. The post Not all hydrogen is the same: If it’s not green, it’s probably greenwash appeared first on RenewEconomy. We must tell the difference.
In some cases (as with ExxonMobil, for example), companies have committed to net-zerocarbon intensity, a term that means that the amount of carbon per unit of measure does not increase, even as overall emissions may rise. Is net zerogreenwash? Some think so.
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.
But what many people don’t know is we’re also investing heavily in low- and zero-carbon energy, including building one of the UK’s largest public networks of EV charge points. The post UK Bans Shell, Petronas, Repsol Ads in Greenwashing Crackdown first appeared on ESG Today.
DESCRIPTION: There’s a growing consensus in both the business and scientific worlds that the 2050 deadline for getting to net-zerocarbon emissions is far too late to stave off climate-change devastation.
A balance between the carbon produced by an organization and the efforts they take to remove carbon from the atmosphere through direct action like planting forests or indirect action like purchasing carbon credits. When stating net-zero goals, it’s important to clarify the exact action taken by your organization.
Key issues raised during the event include: Carbon credits and their role in the pursuit of climate commitments under the Paris Agreement to reach “Net Zero”; Carbon pricing mechanisms and controversies around them; Carbon trading transaction costs and project finance; Land ownership and its implications for carbon markets; Inclusivity, benefits sharing, (..)
But in the worst-case scenario, it can easily become a vehicle for greenwashing—a marketing push fueled by vague commitments that won’t be mentioned again until next year’s Earth Day. While greenwashing is still far too prevalent, many companies are being recognized [3] for their substantive sustainability efforts.
The nine principles are sometimes vague in their wording but also all-encompassing, suggesting nothing less than a wholesale integration of net zero ambition into every policy, procedure and process, but it’s not too much of a stretch to think of one more to round them up to a perfect ten. What’s in a name?
Avoiding the risk of greenwashing “In Australia, taking early action is becoming more urgent due to the current risks of greenwashing. Greenwash risk management has now become a considerable focus. Empty narratives hold no ground anymore if companies need to access capital markets or bank finance.
That means avoiding “greenwashing,” or false communications about environmental action. Greenwashing is a big problem. You’ve probably heard of greenwashing. We define greenwashing and explain why it hurts your company. What Is Greenwashing? Greenwashing can be either intentional or unintentional.
Nike’s “ Move to Zero” goal to become both zerocarbon and zero waste across its business is having concrete operational benefits. The Washington Post covers the FTC’s expected crackdown on ‘greenwashing.’ The Financial Times writes about the growing movement and the strong opposition it still faces.
On environmental and climate issues, it focuses intensively on the environmental impact of its products, with a goal to create products with Net-Zerocarbon impact by 2030. Apple has reduced the amount of single-use plastic in its packaging by 65% since 2015 , while increasing the amount of recycled material in its products.
It has a massive and growing fleet of renewable vehicles, and zero-carbon electricity sources (wind, solar and nuclear) powered about 38% of the state’s power in 2021, rivalling natural gas at 42%. [1]. We remain concerned that rather than just tackling greenwashing, this may have the unintended consequence of stifling innovation.
Friedmann concluded that low carbon appears to be the most versatile and cost competitive options for many industry sectors and that special policy options may be needed to decarbonize industrial heat. Zero-Carbon Cities This session looked at the decarbonization of buildings, including both embodied and operational emissions.
This not only creates considerable confusion among investors but exposes them to accusations of greenwashing, as well as the risk of holding investments that are not aligned with their own ESD/SDG requirements. And just as well! Capture the opportunity. The sheer magnitude of money flow will undoubtedly lead to extraordinary opportunities.
Five of the global supermajors are spending around US$750 million annually on greenwashing while allocating just 12% of capital expenditures to “low-carbon” activities, according to think tank InfluenceMap. There’s no taking the carbon out of the barrel.
That pre-emptive action is proof of that which activists in Canada say has long been in plain sight: greenwashing is rampant in the fourth-largest petroleum-producing country in the world – but will new legislative ammo effectively tackle it? That includes the kind of proof that companies will have to give to the public about their claims.
UNEP FI is responsible for formulating the Principles for Responsible Investment (PRI) and convenes the Net Zero Asset Owners Alliance (NZAOA), the Net Zero Banking Alliance (NZBA) and the Net-Zero Insurance Alliance (NZIA). One takes a step, signals the other and they take a step.”.
Amazon Facility on Track to be First Ever ZeroCarbon Certified Fulfillment Center. EU to Require All New Cars to be Zero Emission by 2035. UK Regulator Targets Greenwashing with New Sustainable Investment Labels and Disclosure Rules. Apple to Track Suppliers’ Emissions, Targeting a Decarbonized Supply Chain by 2030.
The use of carbon jargon to camouflage flimsy net zero plans will come to an end, exposing bad players, warns Gary Smith, Partner at Haven Green Capital Partners. Everyone and anyone can announce that they have a plan to achieve net zerocarbon emissions in 2050. It is like the ‘Wild West’ out there. Biting the bullet.
along with ongoing corporate greenwashing and fossil-fuel disinformation, it’s sometimes hard to tell if society is moving forward or slipping back. Steel (177) – which recently committed to being zero-carbon by 2050. Given the recent backlash against environmental, social and governance (ESG) investing in the U.S.,
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
In Voluntary carbon offset markets, offsets are used at the companies discretion, and the market size in 2021 is expected to hit $1 billion. In VCM, companies or individuals take responsibility to trade carbon credits to offset their emissions to meet net-zero, carbon-neutral, or other emission reduction targets.
It’s fascinating to see the mining industry trying to capitalize on these disasters to justify even more greenwashed destructive projects,” he says. It has to build housing for millions of new residents while simultaneously hitting net-zero targets.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Southwest Announces New Electrification, Fuel Reduction and Circularity Goals Scania Signs Deal with SSAB for 100% Fossil-Free Steel Deliveries by 2030 DHL to Invest Over $200 Million in Clean Fuels to Decarbonize (..)
This gesture commits them to reaching a net-zerocarbon footprint by 2040, one decade before the deadline for the Paris Agreement. . The launch was greeted with skepticism by environmental NGOs including the Rainforest Action Network (RAN), SumofUs, Friends of the Earth U.S. Were there other announcements this week?
In remarks, Freeland acknowledged the critical importance of climate action, not only to reduce greenhouse gas emissions but also to allow Canada to compete in the zero-carbon economy of the future. Climate action is about saving the planet, of course,” she said.
The Cloud of Net-Zero. Carbon stories are a major feature of climate transition agendas. The current climate crisis R&D landscape features a broad suite of carbon-focused technologies, including carbon capture and carbon control, with net-zero and carbon neutrality as a prominent objective.
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 (..)
As climate change provokes stronger emission-reduction policies and as cheaper zero-carbon technologies proliferate, gas companies are soon entering an era of shrinking demand and lost customers. RELATED Natural gas ban backlash hits Vancouver Canadas new anti-greenwashing rules are not as bad as oil and gas industry says Trump 2.0
Scott says that the environmental impact of snowmaking can be lessened by improved technology, better water conservation and the conversion of electrical systems to renewable, lower- or zero-carbon grids. Our lobbying paved the way for huge supplies of renewables in Colorado today, Schendler says.
As governor, Walz, 60, has introduced a string of pro-climate reforms – including a law requiring all electricity generated in the state to be zero-carbon by 2040. For climate campaigners who believe carbon offsetting is basically greenwashing, this was a disappointing development.
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