Articles by Simon Jessop

OS Climate Launches Tools to Help Firms, Investors Make Climate-Friendly Decisions

Non-profit OS Climate on Wednesday launched the first in a series of free tools to drive climate-friendly decision making by companies, financial institutions and governments. As a project of the Linux Foundation, a non-profit technology consortium founded in 2000 that …

Dutch Airline KLM Sued by Environmental Groups Over Alleged ‘Greenwashing’ Ads

Environmental groups are suing the Dutch subsidiary of Air France-KLM over an advertising campaign they allege breaches European consumer law by misleading the public over how sustainable its flights are. Dutch campaigners Fossielvrij NL, supported by environmental law charity ClientEarth …

Report Casts Doubt on Net-Zero Emissions Pledges by Big Global Companies

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Net-Zero Emissions Pledges by Big Global Companies Have ‘Credibility Gaps’: Report

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Report Casts Doubt on Net-Zero Emissions Pledges by Big Global Companies

Corporate plans to slash greenhouse gas emissions fall short of what is needed to combat climate change, with “major credibility gaps” found among the world’s largest companies, according to a new stocktake of net-zero efforts in the public and private …

Investors, Including Allianz and Swiss Re, Urge U.N. to Create Plan for Farm Emissions

Investors managing $14 trillion have urged the United Nations to create a global plan to make the agriculture sector sustainable and curb one of the biggest sources of climate-damaging emissions, a letter seen by Reuters showed. Food production accounts for …

CEO-Worker Pay Gap Jumps in 2021 at Low-Wage Companies

The pay gap between workers and CEOs at 300 publicly listed U.S. companies with the lowest median wage jumped in 2021, a study from the Institute for Policy Studies (IPS) showed on Tuesday. The average gap was 670 to 1, …

Financial Risks of Climate Change Are Exaggerated: Senior HSBC Banker

Central bank policymakers and other global authorities are exaggerating the financial risks of climate change, a senior HSBC banker in charge of sustainable investments said in remarks that drew criticism from climate activists. The bank said his views did not …

Russia’s War With Ukraine Must Not Derail Climate Action: Envoys Warn

The world needs to speed up decarbonization and not let a focus on energy security in the wake of Russia’s invasion of Ukraine derail the drive to a low-carbon economy to avert disastrous climate change, leading climate envoys said on …

Financial Services Firms Face Losses of $225B From Variety of Water Risks: Report

Financial institutions face losses of at least $225 billion from risks related to water, with a third of them doing nothing to assess the potential impact, a report by leading environmental disclosure platform CDP and Planet Tracker estimates. The U.N. …