Greenwashing is an unethical strategy used by companies to attract environmentally conscious investors and consumers through deceptive or exaggerated marketing tactics. A common example is when a company claims it has reoriented its operations in a more sustainable direction, but never follows through. Consumers can be manipulated when it appears that a corporation is being truthful and sincere. The issue…
Countries Likely to Miss Dubai Renewables Pledge
China dominates on wind deployment but other countries are not on track to meet the 2030 goal, says Ember. The goal of tripling global wind power capacity by 2030 – agreed at Dubai last year – is within reach, but governments must urgently ramp up their ambitions, according to a new report by energy think tank Ember. That means reforming…
ESG Today: Week in Review
This week in ESG news: SEC launches court defense of its climate disclosure rules; UK to introduce law to regulate ESG ratings providers; MUFG launches new sustainable finance framework; ICVCM rejects a third of voluntary carbon credits; EU publishes FAQ to help companies implement new CSRD sustainability reporting rules; Citi launches sustainable supply chain finance program with IFC; PwC appoints…
Iberdrola Raises $525 Million in Green Bond Offering to Invest in U.S. Network
Global energy and electricity provider Iberdrola announced that its has raised $525 million in a new green bond issuance through its U.S. business Avangrid’s subsidiary New York State Electricity and Gas, with proceeds aimed at boosting the company’s U.S. network business. According to Iberdrola, demand for the 10-year offering was strong at more than $2 billion, enabling the company to…