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Cracks showing in Mark Carney’s net-zero financial alliance

Corporate Knights

and Canadian banks are threatening to withdraw because of new membership criteria requiring a fossil fuel phase-down. The displeasure, especially by large North American banks, threatens to rupture the increasingly fragile alliance. says Baltej Sidhu, an analyst with National Bank of Canada, in an interview with The Globe and Mail.

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Regulator Bans HSBC Ads Highlighting Green Activities as Misleading

ESG Today

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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UK Must “Harness the Power” of its Green Taxonomy – GTAG

Chris Hall

The UK initially committed to introduce mandatory disclosure of transition plans from financial institutions and listed companies during the COP26, resulting in the formation of the Transition Plan Taskforce (TPT) in 2021.

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Take Five: No Mean Achievement 

Chris Hall

In the circumstances, others noted , preventing backsliding from COP26 was no mean achievement, nor were the efforts of Indonesia and India to maintain the G20 leaders ’ commitment to climate action last week in Bali.

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UK Must Converge with ISSB to Avoid “Over-lapping” Rules

Chris Hall

UKSIF banks “phased approach “ to sustainability disclosures for SMEs to reduce compliance burden of UK ’s proposed non-financial reporting requirements.

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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. On this critical issue, there has been no absence of good intent.

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Sustainability trends 2023

Carlos Sanchez

In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. 2022 Sustainability Summary. In 2022, the voice against “greenwashing” practices was clear and loud. Sustainability trends 2023: Net-Zero roadmaps.