Fossil Fuel
The Curious Case of SMBC Group – Financing Climate Change Offenders
While SMBC Group has taken some positive steps in terms of its green commitments, it falls way behind global and even local competitors. Unless the financial institution makes a dramatic U-turn, it will bear the consequences of excessive stranded asset and reputational risks.
IEA Gives G7 a Pathway for Decarbonising Steel and Heavy Industry
Decarbonising steel and hard-to-abate sectors is crucial for global net-zero aspirations. While challenging, it is possible, and IEA's list of recommendations set the perfect foundation for G7 countries to start leading by example.
Hyundai Backtracks On RE100 Pledge With New Ulsan LNG Plant
After joining RE100 and committing to 100% renewable energy, Hyundai Motor Company released plans for a new LNG facility. This directly contradicts its RE100 pledge and raises serious accusations of greenwashing. The move is surprising for the second-largest company in South Korea and is seen by many as a poor publicity choice and a financial risk. The project is currently on hold but remains a possibility.
Green Taxonomy: A Tool for Greenwashing
Countries across the world are adopting green taxonomies. They define what is considered "green" energy, support local development of renewable energy and play an essential role in the energy transition. However, some green taxonomies include transition fuels, which many experts view as an avenue for greenwashing non-renewable energy development.
Twitter vs Facebook: A New Report Reveals Which Social Media Companies Take Climate Change Misinformation Seriously
Greenwashing is a serious concern for all types of sustainability movements. While climate change misinformation has historically been found in advertising and company publications, social media platforms are the new battleground. A new report by Greenpeace, Avaaz and Friends of the Earth highlights how each social media giant is currently handling greenwashing. The results show poor performance across the board.
How to Avoid Greenwashing: A Guide for Sustainable Businesses and Marketing Leaders
Today, the public uses a microscope to look for the significant gaps between a firm's words and actions. And if these gaps are found, the reputational damage is often hard to recover from, since markets have long memories. However, business leaders hold their future in their own hands.
Greenwashing Examples 2022: 10 Companies That Greenwash
Greenwashing is found in small and large companies alike, yet the impact is still the same. It erodes customer confidence in sustainability and allows negative environmental impacts. To better combat climate misinformation, it is important to look at, and understand, some of the most prominent cases.
Financial Greenwashing: What is it and How Does It Happen?
Financial greenwashing threatens to derail the global decarbonisation journey by abusing investors' trust and channelling funds into instruments and projects with suboptimal impact against climate change.
New Report Reveals Global Coal Power Capacity is Shrinking
The global coal power capacity is in a decline. While some Asian countries still plan for the construction of new coal capacity, most are starting to realise that fossil fuels are a dead end.
Asia’s Race to Net-Zero by 2030
Achieving net-zero is the world's top priority. So far, Asia lags behind in its effort to go carbon-neutral. Renewable energy is the key.
Europe’s Energy Crisis 2022: Lessons for Asia
Asia is in the unique position to witness the pitfalls of poor energy strategy and how much it costs. If it proceeds to repeat Europe’s mistakes, then Asia has no one else to blame but itself.
The Philippines’ Presidential Candidates 2022 Should Pursue Renewables and Halt LNG
Halting LNG expansion plans may be against the dominant trend in Southeast Asia, but the Philippines' presidential candidates must make the tough decisions if the country wants to mitigate its finance, energy dependence, stranded asset and climate risks.
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