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Advocates blast RBC's new climate targets as 'greenwashing'

Corporate Knights

This week, RBC called the plan a “key milestone in its commitment to achieving net-zero in its lending portfolio by 2050,” and a “key element” of its commitment to the Glasgow Financial Alliance for Net-Zero (GFANZ), a financial sector decarbonization effort led by former Bank of England governor Mark Carney. “We

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EU Regulators Find Growing Greenwashing Risk for Banks, Asset Managers

ESG Today

Key sources of greenwashing risk identified by the regulators included claims about sustainability impact and company engagement made by asset managers, litigation risk related to misleading ESG claims made by banks, and misleading product claims by pension and insurance providers.

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Austrian Airlines Found Guilty in Greenwashing Case over Carbon Neutral Flight Claims

ESG Today

The greenwashing case was brought by Austria’s Association for Consumer Information (VKI). Sustainable aviation fuel is seen as one of the key tools to help decarbonize the aviation industry, which currently accounts for 2-3% of global greenhouse gas (GHG) emissions. between Vienna and Venice.

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Delta Hit with Greenwashing Lawsuit over Carbon Neutrality Claims

ESG Today

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.

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Guest Post – Greenwashing, Greenhushing and Greenwishing: Don’t Fall Victim to These ESG Reporting Traps

ESG Today

The colloquial term for this phenomenon, particularly as it relates to sustainability, is greenwashing, and it’s far from novel. Here’s a quick rundown: Greenwashing is a practice used by businesses to represent themselves as more sustainable than they truly are. Greenhushing refers to a company’s refusal to publicize ESG information.

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The EPA’s hydrogen push is a federal endorsement of greenwashing

Utiliity Dive

Burning hydrogen in power plants is no silver bullet for meeting decarbonization goals, in part because leaks could lead to higher levels of methane, a potent greenhouse gas.

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EU Adopts Laws to Double Renewable Energy Share, Decarbonize Aviation

ESG Today

The European Council today announced the adoption of two pieces of legislation today, including a directive to nearly double the share of renewable energy consumption in the EU by 2030, and a law aimed at decarbonizing the aviation sector by accelerating the adoption of sustainable aviation fuel (SAF).