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To achieve net-zero, let’s agree on one definition of success

GreenBiz

To achieve net-zero, let’s agree on one definition of success. Mon, 09/28/2020 - 01:30. Reaching the 2015 Paris Agreement goals requires bold action from all sectors and levels of our society. However, at the scale of countries, cities, institutions and companies, defining net-zero emissions is tricky.

Net Zero 489
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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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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC is latest bank to pledge net-zero financed emissions by mid-century. Tue, 10/13/2020 - 00:46. HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century.

Net Zero 402
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Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future

GreenBiz

Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future. Tue, 09/01/2020 - 00:02. billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. . Heather Clancy. How does BCG's new pledges compare with other leading business consulting firms?

Net Zero 428
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Shareholders Call on Shell to Explain Consistency of Plans to Grow LNG Production with its Net Zero Goals

ESG Today

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its Powering Progress strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

Net Zero 120
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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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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

HSBC announced last week that it will continue to support production in existing fields to provide an “orderly transition” to a net-zero world by 2050. HSBC will maintain its financing and investment in existing oil and gas fields at 2020 levels through 2030 and then reduce it by half by 2050.

Net Zero 313