Remove Definition Remove Greenwashing Remove Net Zero Remove Paris Agreement
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Permissive Protocol may not Accelerate Insurers’ Net Zero Pathway

Chris Hall

Net Zero Insurance Alliance plan leaves door open to greenwashing, claim campaigners. A three-pronged framework to guide insurance firms to net zero by 2050 was unveiled at Davos yesterday as proof the industry could “walk the talk” on net zero transition. Left to own discretion.

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What is the Science-Based Targets initiative (SBTi)?

Sphera

Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. In the Paris Agreement, world governments committed to curbing global temperature rise to 2°C above pre-industrial levels.

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Investors Must Focus on Impact Measurement Tools – ShareAction  

Chris Hall

ShareAction launched a new definition of ‘responsible investment’ in a bid to raise standards across the financial sector and help prevent greenwashing and misleading claims. The first guidance paper has been published this week, on setting interim net zero targets.

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At long last, Canada restricts oil and gas subsidies (except for all the loopholes)

Corporate Knights

The new guidelines detail the process and definitions behind the oil and gas subsidy phaseout. The definition covers initiatives that support fossil fuel consumption or activities, and funding that disproportionately benefits the fossil fuel sector. Given the persistent technical problems still facing CCS, that may not be likely.

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Scaling Corporate Climate Action

Chris Hall

Stuart Lemmon, Global Managing Director for the Net Zero Transformation Practice at EcoAct, an Atos company, outlines the elements of a credible corporate climate strategy and explains why we should embrace scrutiny and work collectively on the path to net zero. o C remains highly uncertain. Navigating without a road map.

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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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US Insurers Escape Climate Censure at AGMs

Chris Hall

We might expect some decrease because Chubb announced its new underwriting restrictions for conservation areas and a programme to stop methane leaks and flaring, but that’s not the same as quantifying emissions and contemplating a net zero goal,” she told ESG Investor. And frankly is greenwashing.