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UK Unveils Disclosure Framework for Net Zero Transition Plans

ESG Today

According to TPT Co-Chair and Aviva Group CEO Amanda Blanc, the new disclosure framework is being introduced as companies increasingly announce net zero commitments, but many have yet to publish plans to support their targets, with plans that have been disclosed varying in quality, consistency and level of detail.

Net Zero 109
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A Framework for Companies That Want to Avoid Greenwashing

B the Change

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.

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Singapore Unveils Finance for Net Zero Action Plan 

Chris Hall

Code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures included in action plan. The Monetary Authority of Singapore (MAS) has launched a net zero transition financing plan as part of the city-state’s climate and sustainability agenda.

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Most Canadians want their investments to align with climate action

Corporate Knights

It also proposed to tackle greenwashing by strengthening competition law. More than 120 organizations, climate experts and academics endorse the bill, even writing to other senators to encourage them to support it too. The bill would create a duty for leaders of financial institutions to consider – and take – climate action.

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UK to “Consult” on Requirement for Companies to Disclose Climate Transition Plans

ESG Today

The commitment was announced today with the introduction of an updated Green Finance Strategy by Chancellor of the Exchequer Jeremy Hunt, part of the government’s launch today of its “Powering Up Britain” plan outlining initiatives to achieve the UK’s energy security and net zero objectives.

Net Zero 109
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Let the Climate Finance Flow

Chris Hall

At COP26, the Glasgow Financial Alliance for Net Zero ( GFANZ ) declared a sector-wide commitment of US$130 trillion – a number that has increased over the year to US$150 trillion – of private capital to transition the global economy to net-zero greenhouse gas emissions.

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Lack of funding top barrier to sustainability action for 38% of UK businesses

Envirotec Magazine

Stephen Jamieson, Global Head of Circular Economy Solutions, SAP said: “In a climate where stricter regulations are now requiring businesses to disclose environmental impact, leaders who cannot accurately report this data risk allegations of greenwashing, and fines and reputational damage.