Climate Group Accuses Shell of Greenwashing in Complaint to SEC
Global Witness announced that it has submitted a complaint to the SEC, accusing energy giant Shell of greenwashing by misleading investors about the amount of investment it is directing towards renewable energy. In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy. But after launching the strategy, the company has found itself at the center of action by climate-focused organizations. Read more
ISSB grants concession on GHG emission reporting, FRC updates on ESG priorities
The International Sustainability Standards Board (ISSB) has voted to grant preparers applying its climate-change sustainability standard a concession when disclosing their Scope 1 and Scope 2 greenhouse gas emissions (GHG). Read more
$11 Trillion Investor Group Says Carbon Removals no Longer Count Towards Net Zero Goals
According to new rules released by the (NZAOA), Investors targeting net zero portfolio emissions under their commitment to the $11 trillion organisation, will no longer be able to utilize carbon removals as a method to reach their alliance-aligned goals. The new requirements will also require members to set climate goals for additional asset classes such as private equity investment. Read more
