Swiss Banking Sector Faces Scrutiny Over Greenwashing and Sustainable Finance Regulation
Switzerland’s banking sector is facing scrutiny for its approach to sustainable finance, with calls for stricter regulation to combat the issue of “greenwashing.” Greenwashing involves organizations making misleading sustainability claims to investors or consumers to improve their image and profitability, undermining genuine efforts to address climate change and environmental issues. Critics argue that Switzerland’s banking […]
COP27 agreement achieves a milestone on “damage and loss,” but not more
The COP27 climate meeting early on Sunday saw the nations accept a contentious final deal that establishes a fund to aid poor nations suffering from climate disasters but does not add efforts to minimise the emissions that cause them.After difficult talks that lasted all midnight, the Egyptian COP27 presidency made the final language of the […]
Africa calls for climate finance tracker
African countries want a new system to track funding from wealthy nations that are failing to meet a $100-billion annual target. Africa’s lead climate negotiator said that this is to help the developing world tackle climate change. The demand highlights tensions ahead of the COP26 climate summit. The world’s 20 largest economies, which are behind […]
Berkshire Shareholders reject climate change, diversity proposals that Buffett opposed
Berkshire Hathaway Inc shareholders rejected proposals requiring the company run since 1965 by Warren Buffett. This is to disclose more about its efforts to address climate change and promote diversity and inclusion in its workforce. Both proposals are opposed and given that Buffett controls nearly one-third of Berkshire’s voting power. 25% supported climate change proposal […]