Waiving responsibility: EU-US trade truce in conflict with climate action

by Khaled DiabEU carbon market, The EU Green Deal and Climate LawPosted on Comments are Disabled

Misguided attempts by Brussels to appease the Trump administration on trade are not only futile but also run counter to the EU’s environmental responsibility and undermine the bloc’s climate action. With a view to ending the escalating tariff war, the European Union and the United States signed last week a framework agreement on trade which …

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No corporation gets top marks for its climate strategy – report

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

Amid soaring emissions, not one of the corporations evaluated in the latest Corporate Climate Responsibility Monitor received a clean bill of health for its climate strategy, though some isolated improvements occurred. This highlights the vital importance of governments stepping up to better regulate the climate action of the private sector.

Fashionably late: Better-fitting climate strategies but fashion sector still needs to roll up its sleeves – report

by Miriam Vicente MarcosCorporate climate responsibility, Global marketsPosted on Comments are Disabled

With H&M Group at their helm, some of the world’s largest clothing companies are belatedly improving their ill-fitting climate strategies, but none have refashioned their business model along sustainable lines, according to the latest Corporate Climate Responsibility Monitor. Shein came bottom of the league due its failure to take any meaningful action.

Logic errors: Energy-hungry tech sector veers off sustainable climate path, despite its claims – report

by Miriam Vicente MarcosCorporate climate responsibility, Global markets, GreenwashingPosted on Comments are Disabled

Some of the world’s best-known tech giants are emitting more while presenting  climate targets that cause a system error due to outdated accounting rules and the voracious appetite for energy of artificial intelligence (AI), according to the latest Corporate Climate Responsibility Monitor. Fixing this requires a major reboot of their climate strategies.

Don’t scrap Green Claims Directive, NGOs say

by Khaled DiabGlobal markets, The EU Green Deal and Climate LawPosted on Comments are Disabled

European consumers need a strong Green Claims Directive to deter false claims, but concerning and unverified reports suggest the proposal is in jeopardy. If policymakers do not reach an ambitious agreement, greenwashing will continue, say environmental groups ECOS, ClientEarth, Carbon Market Watch, and the European Environmental Bureau.

Target

Flexibilities in 2040 target risk breaking the EU carbon market – study

by Khaled Diab2050 climate strategiesPosted on Comments are Disabled

The EU’s Emissions Trading System is essential to meeting the European Union’s 2040 climate target. Watering the EU ETS down with international carbon credits or carbon removals will prove fatal, concludes a study commissioned by Carbon Market Watch. Under pressure from industry and pro-business stakeholders, the European Commission has been toying with ways to water …

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Cream of a disappointing crop: Danone makes greatest climate progress of slow-moving agrifood corporations – report

by Khaled DiabCorporate climate responsibility, Global marketsPosted on Comments are Disabled

Despite some good initiatives, the climate strategies of top food and agriculture corporations are not cutting the mustard, according to a preview of the Corporate Climate Responsibility Monitor. Danone ranks highest among the assessed companies, while JBC and PepsiCo are bottom of the class.