article thumbnail

Origin looks to renewables and storage for climate plan, but greenwashes gas

Renew Economy

Origin Energy's first Climate Action Transition Plan has some definite positives, but is coming under fire for greenwashing gas out of its 2030 targets. The post Origin looks to renewables and storage for climate plan, but greenwashes gas appeared first on RenewEconomy.

article thumbnail

Want to avoid greenwashing? Be clear about what it means

GreenBiz

Companies need shared definitions of this and related terms.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Over Half of CFOs Fear Greenwashing Risk as Sustainability Data Problems Persist: EY Survey

ESG Today

The top nonfinancial data problems reported by finance leaders include varying data formats, cited by 39%, data inconsistencies (35%), incomplete data (34%) and unclear data definitions (33%). Other challenges included incorrect and out-of-date data, with only 4% reporting not encountering any of these problems.

article thumbnail

RBC shareholder resolution confronts greenwashing loopholes in ‘sustainable debt’

Corporate Knights

While linking corporate debt to sustainability targets sounds like a great way of incentivizing companies to make environmental, social and governance (ESG) improvements, a lack of standardized rules has quickly opened the door to greenwashing, with some companies using the funds to continue business as usual with little ESG impact. .

article thumbnail

Memo to Canadian mutual funds: stop greenwashing with vague ‘ESG integration’ claim

Corporate Knights

In a new anti-greenwashing policy, Canadian mutual funds will no longer be able to claim the vague and oft-criticized strategy of “ESG integration” if they want to be included in the country’s official list of responsible investment funds. A global set of common definitions has been established by global responsible investment networks.

article thumbnail

A new plan to kick-start the energy transition at Canadian companies

Corporate Knights

Transition planning has been hampered by the slow rollout of two key regulatory components: mandatory climate-risk reporting by companies, or “disclosures,” and official definitions for all the relevant terms, or what is sometimes called a “green taxonomy.” Some see it as yet another think tank, though Arnold denies that the term applies.

Net Zero 226
article thumbnail

Major investor alliance working to clean up greenwash lurking in ESG

Corporate Knights

In response to accusations of greenwashing and growing regulatory scrutiny, a group of high-powered financial networks is working to standardize the often-opaque jargon of the responsible investing industry. Mary Robinson, the Canadian Responsible Investment Association Accusations of greenwashing grew along with this expansion.