Banking COP26 Greenwashing Paris Agreement 
Corporate Knights
JULY 4, 2022
The expert panel’s assessment will include how low-carbon-transition efforts by corporations and sub-national governments align with national commitments made under the Paris Agreement, which aims to limit average increase in temperatures to 1.5°C. Net-zero commitments proliferated ahead of COP26, held last November in Glasgow.
ESG Today
OCTOBER 19, 2022
The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.
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Chris Hall
APRIL 12, 2022
According to the initiative’s latest report, Foundations for Science-Based Net-Zero Target Setting in the Financial Sector, banks, asset managers, insurers, and pension funds should ensure their operational and financing activities, as well as Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions, are aligned with global net-zero goals.
Chris Hall
JUNE 22, 2022
Given the mixed track record of the finance sector in aligning with the goals of the Paris Agreement, its response to the increased pressure is seen as key test of major institutions’ ability to transition long-established business models. . Most of those banks are members of the UN-convened net-zero banking group. .
Chris Hall
NOVEMBER 9, 2022
New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. . We cannot afford any slow movers, fake movers, or any form of greenwashing,” said McKenna, speaking at COP27 yesterday. “We Banks lay out targets .
Chris Hall
JUNE 17, 2022
Given the lack of progress on these fronts by many of its banking members, it was no surprise that GFANZ, the umbrella body for finance sector efforts to adopt net zero-aligned business models, simultaneously issued a proposed framework to help financial institutions to develop credible transition plans.
Carlos Sanchez
NOVEMBER 24, 2021
Furthermore, expansion to new sectors, faster cuts of the supply of allowances and other climate policies like EU’s fit-for-55 or COP26 adoption of Article 6 are pushing prices up. Besides, a third of the respondents consider offsetting as pure greenwashing. Offsetting is often hypocrisy, and it is swirling around at #COP26.
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