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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.

Banking 361
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Investors Face Direct Risk from Climate Litigation

Chris Hall

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

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Investors Face Rising Direct Risk from Climate Litigation

Chris Hall

Direct litigation risks include challenging investors’ mismanagement of climate and biodiversity-related risk, breaches of fiduciary duty, greenwashing, or financing environmental and human rights-related harms.

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Business-as-usual no Longer an Option for Banks

Chris Hall

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
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ICYMI, Governments and Regulators are Making the Running

Chris Hall

Alongside the progress of a bill in California calling for fossil fuel divestment by public-sector pensions, and the SEC’s plans for climate-risk disclosures , this new assault on greenwashing moves US policy closer to its European counterparts, where fund disclosure rules are already reshaping the market.

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Investors Still in the Dark on Climate Risks to Firms’ Finances

Chris Hall

For example, they may request assurance that the company won’t end up with stranded assets.”. Potential evidence of greenwashing. These differences could be evidence of greenwashing.”. In some cases, they have stayed invested and asked companies for more information. How balance sheets could change.

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COP27: Get finance flowing in the right direction so business can cut emissions faster

We Mean Business Coalition

Will a company’s investment take it a step closer towards a net zero world, or will it be a stranded asset tomorrow? What are the barriers to action? These disclosures can help identify policy, incentives and tools that close the gap between corporate ambition and action. .