Skyscrapers

2030 climate targets of over 50 top corporations significantly off track to keep within 1.5°C limit

by Khaled Diab2050 climate strategies, Corporate climate responsibility, GreenwashingPosted on Comments are Disabled

At a time when global carbon emissions need to be almost halved by 2030, 51 major corporations’ climate commitments amount only to reducing their median carbon footprint by as little as 30%, reveals the 2024 Corporate Climate Responsibility Monitor. Tighter regulations from governments are needed to raise the bar, both for companies which are taking insufficient action, and those who are not doing anything at all.

COP28: Article 6 failure avoids a worse outcome 

by Miriam Vicente Marcos2050 climate strategies, Corporate climate responsibility, Global markets, Greenwashing, Human rights in climate action, Sustainable developmentPosted on Comments are Disabled

Torn between countries demanding that Article 6 carbon markets be available with virtually no restrictions and countries insisting on upholding transparency, human rights, and climate ambition, negotiators at COP28 failed to break the deadlock. With all the unresolved problematic issues, the fact that they reached no deal was better than agreeing to a bad one that would torpedo the Paris Agreement.

Carbon Market Watch welcomes EU ban on “carbon neutrality” greenwashing

by Khaled DiabCarbon dioxide removals, Corporate climate responsibility, Global markets, GreenwashingPosted on Comments are Disabled

Companies selling in the European Union will no longer be able to claim that their products are carbon or climate neutral, the EU has provisionally agreed. This victory against greenwashing corresponds to longstanding demands from climate campaigners to eliminate the use of offsets and send a signal to the voluntary carbon market.

Building with plants growing on the facade

New carbon market code of practice discourages companies from greenwashing

by Khaled DiabClimate finance, Corporate climate responsibility, Global markets, GreenwashingPosted on Comments are Disabled

Guidance on the use of carbon credits by private companies published today by the Voluntary Carbon Market Integrity Initiative (VCMI) is a step in the right direction to rein in greenwashing. The proposed set of rules forms a welcome basis to move the conversation forward but more attention should be given to how companies can contribute to climate action outside of carbon markets.