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 361

Banking Greenwashing Net Zero Climate Change 361

Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve. The risk could also manifest in strategic litigation being brought or encouraged by NGOs seeking to compel or exert pressure on investors to change investment strategy.

Greenwashing 78

Greenwashing Stranded Assets Banking Net Zero 78

Chris Hall

JANUARY 30, 2024

Investors will be increasingly subject to direct climate litigation risk in 2024 rather than indirect risks through investments as the types of cases brought evolve. The risk could also manifest in strategic litigation being brought or encouraged by NGOs seeking to compel or exert pressure on investors to change investment strategy.

Greenwashing 57

Greenwashing Stranded Assets Net Zero Banking 57

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 98

Banking Greenwashing Net Zero Stranded Assets 98

Chris Hall

MAY 27, 2022

When it comes to gathering the collective will to tackle climate change, it is often argued that public policy actions and private sector commitments are mutually reinforcing, spurring each side to go further and faster. The private sector’s ability to accelerate the pace of net zero transition is open to question.

Net Zero 52

Net Zero Stranded Assets Paris Agreement Greenwashing 52

Chris Hall

OCTOBER 6, 2022

Investors continue to suffer from poor-quality climate-related information in company reports and other statements, particularly from firms with the highest CO2 emissions. That’s the finding of a major new report by Carbon Tracker, the independent think tank that researches the effects of climate change on financial markets.

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Divestment Stranded Assets Net Zero Greenwashing 52

We Mean Business Coalition

NOVEMBER 8, 2022

Loss and damage relates to climate-related impacts which cannot be adapted to. Loss and damage is happening because we have not adequately tackled climate change, cut emissions or taken action to adapt. Will a company’s investment take it a step closer towards a net zero world, or will it be a stranded asset tomorrow?

Net Zero 52

Net Zero Stranded Assets COP26 Greenwashing 52