Arizona, Texas Join Multi-State Probe into Big Banks over Net-Zero Pledge
Missouri Attorney General Eric Schmitt (R) on Wednesday announced he is leading a coalition of 19 states in a probe of six major banks over environmental, social and governance (ESG) investing policies and involvement with the United Nations’ Net-Zero Banking Alliance.
The investigation is targeting JPMorgan Chase & Co , Goldman Sachs Group Inc , Bank of America Corp , Citigroup Inc , Wells Fargo & Co and Morgan Stanley.
🔗 19 States Probing Big Banks
#ESG #net #zero
Missouri Attorney General Eric Schmitt (R) on Wednesday announced he is leading a coalition of 19 states in a probe of six major banks over environmental, social and governance (ESG) investing policies and involvement with the United Nations’ Net-Zero Banking Alliance.
The investigation is targeting JPMorgan Chase & Co , Goldman Sachs Group Inc , Bank of America Corp , Citigroup Inc , Wells Fargo & Co and Morgan Stanley.
🔗 19 States Probing Big Banks
#ESG #net #zero
#WEF pushes digital battery passports
The #battery #passport would act like an #ESG (Environmental, social, and corporate governance) score for batteries.
The battery passport will convey information about all the applicable lifecycle and sustainability requirements based on a detailed definition of what constitutes a sustainable battery. It also allows batteries’ history to be tracked. The passport will also allegedly increase “transparency” in the global battery value chain by collecting data on material provenance, manufacturing history, chemical makeup, and sustainability performance.
In the EU, a battery passport will become a mandatory requirement by 2026 and other regions are likely to follow.
“It was in December that the European Council and the European Parliament provisionally agreed on regulations that will make these mandatory starting in 2026. So this is going to be something that all manufacturers of large scale EV batteries and up are going to be expected to be having associated with their products in the near future,” said David Gelles, a reporter from New York Times’ climate team.
https://reclaimthenet.org/wef-pushes-digital-battery-passports/
The #battery #passport would act like an #ESG (Environmental, social, and corporate governance) score for batteries.
The battery passport will convey information about all the applicable lifecycle and sustainability requirements based on a detailed definition of what constitutes a sustainable battery. It also allows batteries’ history to be tracked. The passport will also allegedly increase “transparency” in the global battery value chain by collecting data on material provenance, manufacturing history, chemical makeup, and sustainability performance.
In the EU, a battery passport will become a mandatory requirement by 2026 and other regions are likely to follow.
“It was in December that the European Council and the European Parliament provisionally agreed on regulations that will make these mandatory starting in 2026. So this is going to be something that all manufacturers of large scale EV batteries and up are going to be expected to be having associated with their products in the near future,” said David Gelles, a reporter from New York Times’ climate team.
https://reclaimthenet.org/wef-pushes-digital-battery-passports/
Reclaim The Net
WEF pushes digital battery passports
The technology is expected to come to the US through funding from President Biden's "Inflation Reduction Act."