Just Climate, the London-based investment business created by Generation Investment Management, has announced the closing of its inaugural Climate Assets Fund I. The Fund beat its original target of $1 billion, closing $1.5 billion from industrial investors.
At the Bonn Climate change conference, international food organisations have published a report outlining six pathways for policymakers to accelerate action in transforming the global food system. This is an urgent challenge in addressing climate change and food security.
The UK’s Advertising Standards Authority (ASA) is acting on its commitment to addressing greenwash, as it upheld complaints about ads from Shell (LSE: SHEL), Repsol (BME:REP) and Petronas (KLSE:PETGAS) for misleading the public.
New analysis has been published exploring the barriers, good practice lessons, and recommendations to improve local enabling conditions to attract private sector capital to support climate investments in cities of emerging economies.
A groundbreaking greenwashing lawsuit against airline KLM challenging its misleading advertising has been granted permission to proceed to a full hearing by a Dutch court.
Brazil’s JBS (BVMF:JBSS3), the world’s largest meat processing company, has announced that it is to install a biodigester at its Friboi beef processing plants, reducing direct greenhouse gas emissions by 65%.
The Alliance for Low-Carbon Cement & Concrete (ALCCC) has been launched to 'bust the myth' that cement is hard to decarbonise. Ostensibly, its goal is to drive rapid decarbonisation of the cement industry (targeting near-zero emissions as early as 2040) with European industrial innovation expected to play a critical role. The alliance argues that technological solutions exist and we must now address market barriers.
Some organisations may find it tempting to avoid the promotion of sustainable credentials or plans of action to avoid potential criticism, in a move that has been coined ‘greenhushing’. Heather Moore, technical director for sustainability at LRQA, explains why organisations must ensure they are taking the lead on sustainability.
Investors and companies alike are being forced to reckon with the implications of environmental, social and governance challenges. In this weekly roundup, we explore growing concern about greenwash, new funds launched and shifting interest from the fossil fuel sector.
Nearly half the members of the Net Zero Insurers Alliance (NZIA) have pulled out of the global insurance network for addressing climate change. Many reports cite the pressure of the growing politicisation of ESG, especially in the US, but the news also fits the growing awareness that targeting, and achieving, net zero is going to be a lot harder than simply making a commitment.
