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Regulation
April 19, 2024
SBTi rule relaxation signals turning point for carbon credit market: TCX
The new statement from the SBTi indicates that carbon credits have now reached a turning point, with demand expected to significantly increase, according to Tian Jian-zhong (田建中), general manager of Taiwan Carbon Solution Exchange (TCX).
April 17, 2024
SBTi releases an official clarification to its Scope 3 statement
Considering the recent controversies surrounding the Science Based Targets initiative (SBTi) changing its stance on offsetting Scope 3 emissions, the Board of Trustees has issued an additional clarification to its initial statement.
April 15, 2024
Japan becomes the first international partner in U.S. Floating Offshore Wind Shot initiative
Japan has committed to collaborate with the United States as the first international partner in reducing costs and promoting the development of floating offshore wind projects primarily through the US Wind Shot initiative.
April 03, 2024
EU sparks greenwashing fears over "100% recycled plastic" claims
EU intends to adopt new rules on recycled plastic bottles, sparking discontent and raising questions from environmental groups and other recycling stakeholders, accusing the EU of indirectly encouraging greenwashing.
April 01, 2024
APAC companies lack Scope 3 emissions reduction targets, report says
56% of Asia-Pacific companies have not included Scope 3 emissions reduction in their net-zero goals, according to Taiwanese CSR think tank CSRone’s 2024 Taiwan and Asia-Pacific Sustainability Report Status and Trends report released on March 29.
March 22, 2024
Hundreds of firms drop SBTi net-zero commitments due to Scope 3 challenges
The Science Based Targets Initiative (SBTi) continues to track the implementation of net-zero commitments among businesses. In its latest update, 239 companies are marked as "Commitment Removed", including major multinational corporations such as Microsof
March 19, 2024
South Korea industry giants accused of greenwashing over double counting
Two major South Korean corporate giants have been accused of greenwashing over improperly claiming greenhouse gas emissions reduction. The companies were reported to Korea Fair Trade Commission and Korea Environmental Industry and Technology Institute. Th
March 14, 2024
EU parliament backs tighter rules to tackle greenwashing
The European Parliament passed several green bills during the meeting on Mar. 12, including imposing severe penalties to company for greenwashing behavior and requiring member states to promote building renovations to improve energy efficiency.
March 11, 2024
SBTi urges companies to accelerate carbon reduction beyond value chain
Science Based Targets initiatives (SBTi) has released two new reports on Feb. 28. These reports offer clearer guidance for companies to reduce the greenhouse gas (GHG) emissions beyond the value chain (Beyond Value Chain Mitigation, BVCM).
March 05, 2024
BMW, MG adverts banned over greenwashing concerns
Corporations developing sustainable carbon reduction products also need to avoid getting caught up in greenwashing controversies. German car manufacturer BMW and the UK-based MG Motor (Morris Garages) were called out by UK regulatory authorities for alleg