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ARTICLE · 27 JUNE 2024

Cadwalader Climate

Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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Hogan Lovells Cadwalader

Hogan Lovells Cadwalader

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In this week's edition, we look at a report which sets out claims that some of the world's largest financial institutions are greenwashing their Amazon-related ESG claims

United StatesEnvironment
Hogan Lovells Cadwalader
Hogan Lovells Cadwalader
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In this week's edition, we look at a report which sets out claims that some of the world's largest financial institutions are greenwashing their Amazon-related ESG claims. In Switzerland, the European Court of Human Rights' decision imposing a legal duty on the country to do more to tackle climate change was rejected. With CSRD reporting timelines looming, global consultancy firm PwC has surveyed the first wave of companies due to file their reports in six months' time.

Report Claims that Financing of Oil and Gas Extraction in Amazon Continues to Cause Destruction

In a report published in June 2024, Exit Amazon Oil and Gas (EAOG) claims that the policies of a small group of the largest financial institutions in the world fail to address the impact their continued financing of oil and gas extraction in the Amazon is having on people and nature. EAOG found that over the course of the last 20 years, just six banks account for 46% of all direct financing of oil and

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