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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

Net Zero 398
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Use of Employee Incentives to Hit Climate Goals More than Doubles Over Past Year: Accenture

ESG Today

While companies are increasingly adopting emissions reduction measures, however, the report found that less than one in five are on track to hit net zero emissions in their operations by 2050. over the prior year, after growing from 27% in 2021. over the prior year, after growing from 27% in 2021.

Net Zero 117
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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. “We Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”.

Net Zero 246
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Prologis Commits to Net Zero Emissions by 2040

3BL Media

DESCRIPTION: Sets interim targets of 1 GW solar by 2025 and net zero for operations by 2030. SAN FRANCISCO, June 22, 2022 /3BL Media/ - Prologis (NYSE: PLD), the global leader in logistics real estate, today announced its commitment to achieve net zero emissions across its value chain by 2040.

Net Zero 189
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Essity's Journey to Net Zero: Resource Efficiency

3BL Media

By nurturing a culture of resource efficiency, we have successfully cut emissions from energy use by 15% between 2016 and 2021. When working toward 2050, we must leave no stone unturned and engage all employees on our journey to net zero. We believe that breakthrough technology is pivotal for decarbonization.

Net Zero 130
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Healthy Spaces Podcast: Season 4, Episode 2 - Nitty Gritty on Net-Zero

3BL Media

Achieving a net-zero economy is a huge challenge, requiring change on a global scale that impacts the way we live, work and do business. Mahapatra has been leading a global decarbonization of the cooling sector with a particular focus on super pollutant HFCs for more than a decade. But achieving a net-zero economy?

Net Zero 147
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Google, Intersect Power, TPG Launch $20 Billion Data Center Clean Energy Partnership

ESG Today

Founded in 2016, Intersect Power focuses on scalable and transformative clean energy projects. Jim Coulter, Executive Chairman of TPG and Managing Partner of TPG Rise Climate, said: The convergence of two megatrends decarbonization and digitization is creating unique opportunities for innovative partnerships.

Net Zero 109