Industry engagement has been key to getting the classification framework this far, says Nicole Yazbek-Martin, who led the work at ASFI.
Alongside stranded asset dangers for investors, the early phase-out of emerging markets’ coal fleets leaves countries open to legal, financial risks.
Petrostates, petrochemical companies and lobbyists derail potential for “ambitious” global policy instrument, increasing the prospect of a fragmented environment.
New nature legislation and updated modern slavery act are also key priorities ahead of 2025 federal elections.
No country in the region has made reporting against the frameworks mandatory, further increasing greenwashing risk and due diligence costs.
Ties to coal are loosening, but the industry needs to demonstrate increased ambition in its shift to renewables, investor group says.
China dominates on wind deployment but other countries are not on track to meet the 2030 goal, says Ember.
ACCR accuses the mining company of hypocrisy and greenwashing after it advocated for the weakening of climate rules.
Increased due diligence and risk mitigation across global EV companies’ supply chains is paramount, the BHRRC insists.
Climate change and stricter regulation are pushing tuna and squid fishing vessels into unregulated waters, posing new risks.
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