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Advocates urge regulation of banks’ climate commitments to avoid greenwashing

Corporate Knights

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.

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Influential oil company scenarios for combating climate change don’t actually meet the Paris Agreement goals, our new analysis shows

Environmental News Bits

In recent years, they have added visions for how climate change might be addressed, including scenarios that they claim are consistent with the international … Continue reading Influential oil company scenarios for combating climate change don’t actually meet the Paris Agreement goals, our new analysis shows.

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What investors and companies should know about greenwashing

Environmental News Bits

Greenwashing is on the rise since the signing of the Paris Agreement in 2015, and regulators, investors, and consumers are on the lookout for companies’ potentially misleading claims about their sustainability work. Read the full story at Waste360.

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Canada’s LNG industry says it will reduce Asian emissions. Prove it.

Corporate Knights

They argue that this country could actually take credit for some of those Asian GHG reductions under Article 6 of the 2015 Paris climate treaty, which allows for bilateral emissions trading. Essentially, Article 6 has become a green fig leaf to greenwash LNG exports. Expanded LNG exports from B.C.

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Big business puts its industry associations on notice: No more blocking climate policy

Corporate Knights

Today, companies representing 40% of the stock market have committed to science-based targets around reducing their greenhouse gas emissions in line with the Paris Agreement. . Supporting climate action aligned with the Paris Agreement when engaging with policy-makers. These companies are not run by wide-eyed idealists.

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If done well, financial regulations play a crucial role in cutting carbon emissions

Corporate Knights

This cannot continue if we are realistically going to achieve the goals of the Paris Agreement and keep global warming below 1.5 ° C. Getting those details right will be critical if they are to support Canada’s climate goals and tackle rampant greenwashing in the financial sector.

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Greenwashing Managers Must Heed Watchdogs’ Bark

Chris Hall

Asset managers should expect and prepare to be challenged on the sustainability credentials of their ESG-labelled funds as financial markets watchdogs clamp down on greenwashing, according to regulatory experts. . Growing concerns over greenwashing and mislabelling were highlighted in a 2021 report published by think tank InfluenceMap. .