GFANZ criticisms raise fossil fuel divestment debate January 25, 2023 Concerns over greenwashing, and the current reality of fossil fuel investment and divestment, have been raised again in an analysis of the Glasgow Financial Alliance for Net Zero (GFANZ) by a collective of 15 NGOs under the banner of NGO and think tank Reclaim Finance. […]
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GFANZ unveils framework for transitioning companies 30 September 2022 The Glasgow Financial Alliance for Net Zero (GFANZ) has released a new report on transition plan disclosure for real-economy companies, making a case for clarity surrounding “critical components” needed to disclose transition strategies by companies The report leverages existing transition plan disclosure frameworks to help real-economy […]
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The Institutional Investors Group on Climate Change (IIGCC) has collaborated with the Transition Pathway Initiative (TPI) to create an investor-led framework of pilot indicators to assess banks on the transition to net zero.
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A shareholder advocacy group has filed a resolution with the Royal Bank of Canada (RBC) regarding the bank’s use of sustainability-linked debt.
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The TPI has created a framework for assessing corporate decarbonisation progress across the 10 highest emitting economic sectors.
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European banks are continuing to finance the expansion of oil & gas production despite making net-zero commitments.
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Science Based Targets Initiative launches net-zero standard for corporates AstraZeneca joins the growing number of companies to have emissions targets certified The Science Based Targets Initiative (SBTi) has launched a corporate standard for assessing and achieving net-zero carbon emissions. The standard is the first of its kind, according to SBTi, which helps businesses to set […]
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Australian regulator targets net zero greenwashing Follows IPO examination of one company’s statements September 17, 2021 The Australian Securities & Investments Commission (ASIC) has warned it will take action against companies it believes are making misleading claims regarding their net zero efforts. The financial regulator has already intervened in an energy company’s initial public offering […]
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Royal Assent locks in ESG duties for pension funds The act furthers the government’s green agenda by supporting progress towards net zero The Pension Schemes Bill has received Royal Assent, creating new laws covering areas including defined benefit scheme protections, pensions dashboards and climate change. Pension schemes will now be required to take account of […]
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