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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.

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The three keys to kickstarting Canada's net-zero industrial policy

Corporate Knights

With Budget 2023’s “made-in-Canada plan” released in late March, the federal government has laid out its net-zero industrial policy – a response to the U.S. While Canada has tabled a variety of clean economy policies to support industry since 2016, the latest proposals represent a step toward a true industrial strategy.

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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.

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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.

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Essity’s Targets To Reach Net-Zero Emissions Validated by Science Based Targets Initiative

3BL Media

Originally published on Essity Newsroom Hygiene and health company Essity’s targets to reach net zero greenhouse gas emissions by 2050 have been validated by Science Based Targets initiative (SBTi). Essity’s long-term target is to achieve net zero emissions across the value chain no later than 2050.

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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. Learn more about Essity's Journey to Net Zero here.

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