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.

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.

New VCMI guidance risks justifying carbon offsetting and delaying real corporate climate action, NGOs say

by Guest ContributorCorporate climate responsibility, Global markets, GreenwashingPosted on Comments are Disabled

In new guidance, the Voluntary Carbon Markets Integrity Initiative (VCMI) is promoting the use of carbon credits to camouflage the fact that companies grappling with their indirect (scope 3) emissions are off track to reach their commitments. But carbon credits must not replace direct emissions reductions, NGOs warn.

First wave of Article 6 carbon credits misfire spectacularly

by Isa MulderGlobal marketsPosted on Comments are Disabled

A new Carbon Market Watch analysis, based on currently available project data, has uncovered that the first project transitioning from the CDM to the Article 6.4 market is poised to issue an astonishing 26 times more credits than it should as compared to the values from peer-reviewed scientific literature.