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Reclaim Finance criticizes ENGIE's climate plan for lacking transparency and containing inconsistencies, specifically regarding its reliance on shale gas and the absence of granular investment data. The organization advocates for a shareholder resolution to implement regular consultative votes on the plan's content and implementation to ensure alignment with climate goals.

Reclaim Finance criticizes ENGIE's climate plan, noting it targets a 1.7 °C warming trajectory rather than 1.5 °C and lacks granular data on CAPEX and energy mix. The organization highlights contradictions, such as ENGIE's continued plans for 1.2 GW of new gas plants and long-term contracts for US shale gas, while calling for investor support of a resolution to implement 'Say on Climate' consultations.

The European Central Bank's (ECB) March 2023 climate disclosures reveal that its corporate asset portfolios have not decarbonized at a pace matching European climate goals, with total carbon emissions increasing by approximately 88% between 2018 and 2022. The report argues that the ECB's 'climate tilting' framework is insufficient because it only applies to reinvestments rather than the existing stock of assets and fails to exclude fossil fuel developers. To align with its 2021 climate roadmap, the author recommends that the ECB extend its climate approach to the stock of corporate bonds and exclude companies inconsistent with the 1.5°C objective.

The report finds that Nestlé's net-zero plan fails to meet any of the nine relevant UN Integrity Matters recommendations. It highlights a critical 'methane blindspot,' where the company avoids setting specific methane targets despite dairy and livestock being its largest emission sources. The analysis argues that Nestlé uses 'creative accounting' via business-as-usual scenarios to mask minimal absolute emission reductions and relies on unverified regenerative agriculture and insetting to meet goals. Furthermore, the report identifies greenwashing in the carbon-neutral claims of flagship brands like Nespresso and KitKat, which rely heavily on unreliable offsets.

The checklist specifies the requirements for legal entities to obtain and maintain Sustainability-Linked Debt (SLD) certification. It outlines eligibility criteria, the 90% certification threshold for economic activities, and the necessity of a comprehensive Transition Plan including a vision, strategic narrative, and finance plan. It also mandates governance structures, parent group commitments to net zero and the cessation of fossil fuel expansion, and strict public disclosure requirements.

The Climate Bonds Standard version 4.0 provides a science-based framework for certifying Use of Proceeds (UoP) debt instruments, physical assets, non-financial legal entities, and sustainability-linked debt (SLD). It establishes rigorous pre- and post-issuance requirements, including mandatory verification by Approved Verifiers, the development of transition plans, and annual public disclosure of allocation and eligibility. The standard introduces a 'Certification Threshold' for entities and SLDs, requiring 90% of economic activities to be compliant. It also mandates 'Climate Safeguards' for parent groups, including commitments to net zero and the prohibition of fossil fuel expansion after January 1, 2023.

The Checklist for Entity Certification outlines the requirements for non-financial entities to be certified under the Climate Bonds Standard v4.0. It details eligibility, the 90% certification threshold for economic activities, the components of a Transition Plan (including climate performance targets, delivery strategy, and finance plans), and governance requirements. It also specifies mandatory commitments for Parent Groups, such as no expansion of fossil fuel activities and net zero commitments, and explains the process for maintaining or losing certification.

The report finds that The Carlyle Group invested in 91 energy companies owning 972 assets between 2011 and 2021, with 90% of these being fossil fuel investments. These assets emitted an estimated 277 million metric tons of CO2e, with emissions growing at an average annual rate of 95%. The analysis highlights a significant disparity between Carlyle's fossil fuel investments ($22.4 billion) and its renewable energy commitments ($1.4 billion). Furthermore, the report documents that 84% of Carlyle's downstream US assets are located in areas with higher concentrations of low-income residents or people of color than state averages, and 47% of these plants have a record of environmental violations.

The report finds that The Carlyle Group invested in 91 energy companies owning 972 assets from 2011 to 2021, with 90 percent of both companies and assets being fossil fuel investments. These investments emitted an estimated 277 million metric tons of CO2e, with a compound annual growth rate of 95 percent. The analysis highlights a significant disparity between Carlyle's fossil fuel capacity (peaking at nearly 10,000 MW in 2021) and its renewable capacity (just over 1,300 MW). Furthermore, the report documents that 84 percent of Carlyle's current US downstream fossil fuel assets are located in areas with higher percentages of low-income residents and/or residents of color than state averages, and 47 percent of these plants have a record of environmental violations.

The document argues that ArcelorMittal's current climate strategy is inadequate to limit global warming to 1.5°C, citing a lack of absolute emission targets, a reliance on unproven carbon capture technologies, and a 'two-speed' approach that continues coal-based expansion in the Global South while deploying cleaner tech in Europe.

The briefing argues that ExxonMobil's climate strategy lacks the transparency and ambition required to align with a 1.5°C pathway. It finds that the company's projected 2030 oil and gas production levels significantly exceed IEA NZE requirements, while its financial allocations remain heavily skewed toward fossil fuels with no reported investments in renewable power generation.

The document establishes a standardized framework for reporting aluminum emissions at the product level, utilizing fixed system boundaries to ensure comparability regardless of a company's vertical integration. It defines two primary reporting boundaries: a 'benchmarking boundary' (mining to final cast-house) and a 'full boundary' (mining to semi-fabrication). Key requirements include the use of primary data, the disclosure of scrap-based content (distinguishing between pre- and post-consumer scrap), and the reporting of mine-to-smelter cast-house emissions intensity for primary aluminum. The guidance also details specific calculation methods for energy impacts, including a hierarchy for sourcing renewable energy and a dual-reporting approach for pre-consumer scrap using both cut-off and co-product allocation methods.

The document outlines how real estate developers, building owners, and tenants in India can transition to renewable energy to reduce Scope 2 and Scope 3 greenhouse gas emissions. It highlights various procurement mechanisms, including net metering, green tariffs, open access, and virtual power purchase agreements (VPPAs). Using Lodha as an example, it discusses the challenges and opportunities for different user types, such as the limited rooftop space for residential tenants and the potential for commercial tenants to use open access or green tariffs. The text also emphasizes the importance of combining renewable energy with energy-efficient building design to achieve net-zero goals.

The EBRD's new Paris alignment methodology, effective January 1, 2023, expands exclusions to include upstream gas and most midstream and downstream oil. However, it maintains a set of cumulative criteria for midstream and downstream gas projects and allows an automatic alignment exception for projects meeting EU taxonomy criteria. The author argues that to align with the 1.5°C goal and the Glasgow Statement, the EBRD must completely exclude midstream and downstream gas infrastructure.

The report identifies widespread greenwashing in the food sector, particularly among major meat and dairy producers. It highlights the use of misleading labels like 'carbon neutral' and 'net zero', the reliance on carbon offsetting over absolute emissions reductions, and the use of idyllic imagery to mask intensive farming practices. Polling in the UK and Germany shows that while consumers are concerned about greenwashing, they are still influenced by these claims in their purchasing decisions. The document calls for stricter government regulation of green claims and a systemic transformation of the food system to reduce greenhouse gas emissions.

The report evaluates corporate climate alignment using the CCIF, finding that while mitigation efforts (such as GHG reporting and renewable energy procurement) are common, there is a critical lack of detailed climate adaptation planning. Analysis of 483 debt issuers reveals that no company performed well across all three CCIF objectives, and only 14% have an adaptation and resilience plan. Sector-level data shows utilities as the highest performers in reporting and transition, while healthcare and automotive sectors suffer from significant data gaps. Case studies of companies in China, India, South Korea, and Singapore highlight the use of internal carbon pricing and science-based targets, but emphasize the need for better Scope 3 emissions tracking and quantitative physical risk assessments.

ClientEarth argues that EIOPA's reliance on historical data to assess transition risks is flawed because future decarbonization will be non-linear and more rapid than past trends. The organization advocates for a precautionary approach, specifically proposing a 100% capital requirement for companies engaged in 'New Fossil Fuel Activities' (exploration, expansion, or development). ClientEarth also warns that sustainability market indices and corporate emissions targets are often unreliable due to greenwashing and inadequate methodologies, urging EIOPA to include absolute emissions and scope 3 emissions in its risk assessments to avoid underrepresenting systemic financial risks.

The toolkit compiles various resources for the financial sector to address deforestation and climate change. It highlights reporting frameworks like the TCFD and TNFD, data tools such as TRASE and Forest 500, and investor-led initiatives like Climate Action 100+ and the Financial Sector Deforestation Action (FSDA) to help institutions achieve deforestation-free portfolios and align with sustainability goals.

The CO2 Performance Ladder (CO2PL) is a carbon management system and procurement tool used by over 200 public contracting authorities in the Netherlands and Belgium to reward companies that reduce carbon emissions. It operates as a voluntary award criterion under the EU Procurement Directive, providing bidders with a 'fictitious discount' or bonus points based on their performance level (1 to 5). Compliance is verified by accredited third parties through either organization-wide CO2 Awareness Certificates or project-level statements. To ensure legal compliance with EU law, contracting authorities must accept equivalent means of proof and link the criteria to the subject matter of the contract. Non-compliance after winning a tender typically results in financial penalties exceeding the initial award advantage.

The Corporate Climate Responsibility Monitor 2023 finds that the majority of climate strategies among 24 assessed multinational companies lack integrity, with 2030 targets falling significantly short of the reductions needed to limit warming to 1.5°C. While all 24 companies pledged net-zero or equivalent goals, only five commit to deep decarbonisation of at least 90%. Most strategies rely on ambiguous commitments and non-credible offsetting plans, with only four companies adopting a climate contribution approach without neutralisation claims.