News about greenwashing on 2022-05-24
Now is the time to move on green hydrogen : Fortescue metals chairman
One of the world’s biggest steel mining companies has said it is ready to switch to using green hydrogen rather than coal to reduce carbon emissions.The company says it has reached its target of reducing the amount of waste produced by coal.
Source: english.alarabiya.net
Published on 2022-05-24
437 Takes the Plunge into Digital with Centric PLMTM
US swimwear firm 437 has been named as a new supply chain which aims to boost efficiency in their workplace wardrobes, according to the latest reports from the US state-of-the-art news agency Associated Press.
Source: prnewswire.com
Published on 2022-05-24
A Safety Consultant for Shell Just Quit Her Job . Here Why Climate Activists Celebrated
This is a selection of donations from the Isle of Man's Climate Centre (ICN) to help raise money for climate coverage for the first time in more than two decades, according to the BBC News website. Please donate to ICN.
Source: insideclimatenews.org
Published on 2022-05-24
Academics at odds with IFRS Foundation trustees on sustainability reporting
The political nature of the global debate on sustainability reporting is a thorny issue for the accounting industry, according to the BBC's Christine Blasey, editor of British financial journal The New York Times. Why is it so controversial?
Source: accountingtoday.com
Published on 2022-05-24
Adam Neumann New Business Plan
WeWork is one of the world’s most expensive businesses. But why is it a real-estate company when you can sell every aspect of your lifestyle? Why do we sell all the aspects of our life without having to fade away spectacularly?
Source: nymag.com
Published on 2022-05-24
ASX cracks down on ethical fund greenwashing
The International Monetary Fund (IMF) has urged investors to do their homework when it comes to investing in funds that claim to have a responsible investment label, according to its latest assessment of the environmental impact of greenwashing.
Source: smh.com.au
Published on 2022-05-24
Australian rules needed to help finance energy transition
The Australian government says it is working on a new strategy to make sure the economy transitions through sustainable finance, which could lead to an increase in the number of new oil and gas projects across the country, and increasing capacity for new energy projects.
Source: afr.com
Published on 2022-05-24
Aviation Giant KLM to Face Legal Action in First Major Challenge to Airline Industry Greenwashing – NBC Chicago
Dutch airline KLM has filed a lawsuit against environmental campaigners over its advertising campaigns and net zero emissions schemes, which it says could damage the aviation industry's carbon offsets. Environmental activists have called it "greenwashing".
Source: nbcchicago.com
Published on 2022-05-24
Bahamas to Offer Blue Carbon Credits for Ecosystem Protection
The Caribbean government has announced plans to raise funds for renewable energy projects in a bid to reduce the amount of greenhouse gas emitted to the country’s seagrass meadows and mangroves.The government says it wants the nation to be “not dumped on any further”.
Source: theenergymix.com
Published on 2022-05-24
Big Oil Investors Put to the Test at Annual Shareholder Meetings
Oil and gas companies are calling on investors to vote for climate action in their annual meetings this week. But what does this mean for the fossil fuel industry, and what is the impact on the global economy, have changed since the start of the year?
Source: cleantechnica.com
Published on 2022-05-24
BNY Mellon Affiliate Settles SEC Charges Over ESG Statements With $1 . 5 Million Penalty
A US investment adviser has agreed to pay a cease-and-desist order and censure following an investigation into its environmental and governance funds (Environmental Governance Scheme) statements, the Securities and Exchange Commission (SEC) has said.
Source: plansponsor.com
Published on 2022-05-24
Bondi Sands hit with class action against reef friendly sunscreen
An Australian beauty group is facing a lawsuit over claims it falsely advertised its sunscreens as “reef friendly”. The BBC’s Becky Bargh looks back at the latest twists in the legal battle against Bondi Sands' claim.
Source: cosmeticsbusiness.com
Published on 2022-05-24
Climate activists in gondolas sail through Venice to protest greenwashing
Venice has become the latest city to stage a protest against the greenwashing of fossil fuels.Greenpeace has warned that the city will soon be submerged if the industry continues to promote its environmental policies.The BBC’s weekly The Boss series profiles different business leaders from around the world.
Source: euronews.com
Published on 2022-05-24
Climate group sues Dutch airline KLM over greenwashing adverts | Airline industry
Environmental campaigners are taking legal action against a Dutch airline over its adverts to promote climate change prevention schemes.A campaign group is calling on the firm’s parent company to stop flying illegally because it does not sustainable.
Source: theguardian.com
Published on 2022-05-24
Contractor Quits , Puts Shell in Spotlight Over Climate
A former environmental expert has said she is quitting Shell because of the company's climate policies, according to reports from Berlin. They say they are concerned about the impact of fossil fuels on the environment and their environment. The BBC’s Chris Stokel-Walker looks at the latest twists.
Source: mbtmag.com
Published on 2022-05-24
Do not work for climate wrecker , UN head tells graduates | Fossil fuels
António Guterres has urged university graduates not to take up careers with fossil fuel extraction firms, saying accountability is coming for those who liquidate our future. Scientists say they will have plenty of opportunities to choose from.
Source: theguardian.com
Published on 2022-05-24
Elon Musk Says ESG Is a Scam . Why He May Have a Point .
Tesla boss Elon Musk says he’s not fit for an environmental grouping of companies, according to S&P Ratings. But he doesn’t believe that it is going to be a scam, and he is not responsible for it.
Source: marketwatch.com
Published on 2022-05-24
Environmental Groups Take KLM To Court Over Alleged Greenwashing
Dutch airline KLM has come under fire from environmental campaigners over its marketing of its sustainability initiatives, which could lead to a major legal challenge across the aviation industry. Environmental activists are calling for the company to take action.
Source: msn.com
Published on 2022-05-24
Exxon Mobil must face environmental allegations , court rules
The Commonwealth Court of Appeal has rejected an attempt by ExxonMobil to dismiss a civil lawsuit against the US state Attorney General.The Supreme Court has ruled that the law does not apply to the company. The judge has said the decision would place significant roadblocks to enforcement of the laws.
Source: abcnews.go.com
Published on 2022-05-24
ExxonMobil loses bid to dismiss AG Healey climate change lawsuit
The US state of Massachusetts has rejected a bid by ExxonMobil to dismiss an alleged state lawsuit against the giant.The US economy is struggling to cope with climate change, according to reports from the US and Northern Ireland.
Source: wbur.org
Published on 2022-05-24
ExxonMobil loses bid to have climate - change lawsuit dismissed
Exxon Mobil has lost a lawsuit against the US state of Massachusetts accusing it of spreading disinformation about climate change, which it says could lead to the collapse of the company’s environmental policies and the impact of global warming.
Source: marketwatch.com
Published on 2022-05-24
FAF drafts strategic plan for FASB and GASB , mulls ESG reporting
The head of the financial reporting watchdog is looking for a new approach to environmental, social, governance and sustainability accounting across the world. Financial Reporting Standards Foundation (FAF) says it needs to work together with the UK government.
Source: accountingtoday.com
Published on 2022-05-24
Fat - free investing
The Securities and Exchange Commission (SEC) is to publish rules on environmental, social and governance disclosures for investors who want to align their money with the own social agendas. But what does it mean to investing in a mutual fund?
Source: politico.com
Published on 2022-05-24
France Regulates the Use of Carbon Neutrality Claims in Advertisements | Jones Day
France's new law on greenhouse gas emissions has been published by the French government. But what are the rules and how can they be enforced in a climate change advertising advertisement? The BBC looks at some of the key facts in the law.
Source: jdsupra.com
Published on 2022-05-24
Further Clarifications on Anti - Greenwashing Standards for Financial Products in the European Union | Jones Day
The EU's financial regulators are being urged to work closely with investors to tackle environmental, social, governance and greenwashing practices in the sector of sustainable finance. The BBC looks at the impact of the sustainability regulation on the EU.
Source: jdsupra.com
Published on 2022-05-24
Greenpeace boat protest : Fossil fuel advertising will put Venice under water
Climate campaigners have called for a new law to ban fossil fuel advertising and sponsorship in the European Union to prevent the industry from promoting false solutions and delaying climate action. Environmentalists say they will soon be submerged if the city is at risk of sinking.
Source: greenpeace.org
Published on 2022-05-24
How can the class of 2022 prevent climate havoc ? Be part of the solution , says UN chief
The UN Secretary-General has urged young people to work towards a renewable future rather than being part of the planetary emergency of climate change. But what does this mean for the global economy and the world’s ability to tackle the crisis?
Source: euronews.com
Published on 2022-05-24
How climate solutions promoted by Western governments avoid what needs to be done - Resistance Studies
A controversial plan to build a new iron-ore mine in the Arctic is being considered by Sweden’s government, writes the BBC's Jenny McGuinness, who looks at the impact of the project on the indigenous Sámi community.
Source: wagingnonviolence.org
Published on 2022-05-24
In a Move to Stifle ESG Misrepresentation , the SEC Fines BNY Mellon $1 . 5 Million
A US investment advisor has agreed to pay $1.5 million (£1.5m) to settle claims of misstatements about environmental, social, and governance concerns in funds it managed between July 2018 and September 2021, the US regulator has said.
Source: morningstar.com
Published on 2022-05-24
Legal action launched against KLM over greenwashing
Spain's suicide rate has reached its highest level since the beginning of the pandemic, according to a report from Spanish Statistics Commission (SYG) in October. Suicide figures have fallen sharply in the past decade.
Source: euobserver.com
Published on 2022-05-24
Major Bank Suspends Exec Over Climate Change Denial
HSBC says climate change will not stop the Big Number from going up. Financial institutions have been talking about ethics and socially conscious investment at a financial summit. But what does it mean for investors? The BBC’s Niklas Halle’n reports.
Source: msn.com
Published on 2022-05-24
Maybe There No Such Thing as an ESG Stock
Financial Times has written a series of letters from investors. This week we speak to Stuart Kirk, chief executive of HSBC Asset Management, who has been suspended from the S&P 500 index. Here is the full text of the findings.
Source: bnnbloomberg.ca
Published on 2022-05-24
MZ Group to Sponsor B . Riley Securities 22nd Annual Institutional Investor Conference May 25 - 26 , 2022
A leading investor relations firm, MZ, has been announced as a sponsor of the B. Riley Securities 22nd Annual Institutional Investor Conference in Beverly Hills, California, this year, in which it aims to showcase full-service investment services.
Source: digitaljournal.com
Published on 2022-05-24
Print Matters for the Future Conference in Stockholm , Sweden
The world's largest printing industry conference has ended with a record number of delegates gathering for the first time in more than two decades, according to the industry body Intergraf and the National Office for Protective Equipment (NOPA) in Sweden, Sweden.
Source: whattheythink.com
Published on 2022-05-24
SEC prepares to crack down on misleading ESG investment claims
The US Securities and Exchange Commission (SEC) has filed a legal settlement with BNY Mellon over environmental funds (Environmental Governance - Environmental Growth, CSR) rules which it says are being used to promote greenwashing.
Source: afr.com
Published on 2022-05-24
Staking A Climate Claim - Corporate Governance
Companies are being urged to apply a higher level of rigor to how they report their claims to the environment. But what does it mean for those making flimsy, vague, or unjustified sustainability claim?
Source: mondaq.com
Published on 2022-05-24
The Meat Industry Hand in Food Labeling - Brown Political Review
Meat-free alternatives are increasingly insidious marketing tactics that have been deliberately crafted by the meat industry, writes the BBC's Chris Stokel-Walker. These policies are disguising a blatant corruption plaguing the industry.
Source: brownpoliticalreview.org
Published on 2022-05-24
The Nashville Ledger
The US state of Massachusetts has rejected a bid by ExxonMobil to dismiss an environmental lawsuit filed by the state that accuses the giant of spreading disinformation about climate change.The BBC's Matt Hancock looks at how the company handled the issue.
Source: tnledger.com
Published on 2022-05-24
Visa , Con Edison Green Bonds Fail to Meet Standards , CBI Says
In our series of letters from African journalists, writer and columnist Adaobi Tricia Nwaubani looks at the challenges facing green bonds issued by foreign companies and municipalities in the US and Canada. Here is a guide to the issue of green bond indexes.
Source: bnnbloomberg.ca
Published on 2022-05-24
What Is Industry 5 . 0 And How It Will Radically Change Your Business Strategy
It’s been a long time since the start of the industrial revolution, but when it comes to the next generation of companies, it is still the latest thing they should focus on. What does it mean and what is its implications for your current and future business strategy?
Source: forbes.com
Published on 2022-05-24
What standing in the way of a circular food packaging economy ?
Consumer packaging firms (CPGs) are trying to meet their demands to reduce plastic waste, according to a new report by the food and beverage industry body Food Dive, BBC Scotland has learned. Why is it so important?
Source: fooddive.com
Published on 2022-05-24
World News | ExxonMobil Loses Bid to Nix Climate Change Lawsuit
The US state of Massachusetts has rejected a bid by ExxonMobil to dismiss an environmental lawsuit filed by the state's highest court, according to reports from the US media and US newspaper The New York Times. However, the company has been accused of spreading disinformation about climate change.
Source: latestly.com
Published on 2022-05-24