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Improving Biodiversity and Communities With Net-Zero Goals. Date/Time: May 20, 2021 (1-2PM ET / 10-11AM PT). Every year, more and more organizations pledge to go net-zero. In this one-hour webcast, Parisa will provide insight into how carbon levels impact the people and wildlife of an environment.
Etsy takes aim at shipping and packaging in setting 2030 net-zero goal. Tue, 03/16/2021 - 05:00. For Etsy, the e-commerce marketplace known for handmade items like jewelry, art and apparel, Scope 3 emissions make up 99 percent of the company's carbon footprint. I know many companies have different definitions of net-zero.
Date/Time: September 2, 2021 (1-2PM ET / 10-11AM PT) When a company sets net-zero goals, how should it think about the footprint of employees, particularly in an increasingly “hybrid” working world?
In November 2021, we were proud to publicly announce our goal to achieve net-zero global emissions across our value chain by 2040, joining more than 2,000 businesses around the world committed to the Science Based Targets initiative (SBTi). What does it mean to achieve net-zero? Why 2040 vs 2050?
Why carbon tracking and reporting is necessary to hold corporations accountable. Thu, 01/07/2021 - 01:30. Now, new breakthrough climate accounting technologies are emerging as solutions to track and verify energy and carbon emissions, and report energy purchases and consumption. Daniel Goldman. Everything hinges on measurement.
DESCRIPTION: Through the dedication of everyone at Expedia Group – and a combination of internal emission reductions, renewable energy credits (RECs), and verified carbonoffsets – we achieved carbon neutral status in 2017. Now, we are looking further, exploring opportunities to align our business with a NetZero future.
The move shows the efforts that Amazon is willing to go to eke out carbon emissions across its vast network of planes, vehicles and distribution centers that deliver on-demand goods across the globe. Amazon has pledged to reach net-zerocarbon emissions by 2040, and says it will make sure half of Amazon shipments are net-zero by 2030.
Thu, 04/22/2021 - 00:12. Amazon also has committed $100 million to support sustainable forest, wildlife and nature projects in its quest to reach net-zerocarbon status by 2040. Climate Convention to evaluate projects and their carbonoffsetting potential with robust science and standards. . Jesse Klein.
SCALING UP: 2021 HIGHLIGHTS. Set net-zero by 2050 goals at three private markets funds that are currently being raised. 4th webinar presented, focusing on what carbonoffsets can – and can’t – do as part of our Climate Action webinar series. Read the full 2021 Sustainability Report.
Originally published on bloomberg.com A turbulent year hasn’t thrown off the long-term prospects for the carbonoffset market, which could be valued at half a trillion dollars annually by 2050. Demand will rise into the billions of tons of carbon dioxide equivalent within the next decade as companies work toward net-zero goals.
When one greatly outweighs the other, problems arise, and currently there is a big one brewing in the carbonoffset market—demand has grown exponentially and supply simply cannot keep pace. What are carbonoffsets and why is it so difficult to make them verifiable, impactful, and scalable? What are carbonoffsets?
Speakers: Elizabeth Sturcken | Managing Director, EDF+Business | Environmental Defense Fund Kelley Kizzier | Vice President for Global Climate | Environmental Defense Fund This session was held at GreenBiz Group’s VERGE NetZero, July 27-28, 2021. Learn more about the event here: [link]
Carbonoffsets occupy a relatively small space on the spectrum of environmental, social and governance (ESG) issues. But as more countries and companies commit to net-zerocarbon emissions goals, they’re steadily gaining attention from investors as a tool to accelerate carbon reductions.
In the wake of such studies—and of a growing number of lawsuits against Delta Airlines and other companies that have used forest carbon credits to make “netzero” and similar claims— some companies and universities have announced their decision to stop buying them altogether. Prices on the carbon market have plummeted.
The standard setter emphasises internal decarbonisation, action-based targets as part of revamped netzero standard for corporates. Wyburd said that while carbon credits and removals can support the path to netzero, they must never be a substitute for internal decarbonisation.
The company also announced that enterprises can now add Lenovo CO2 offsets to their purchase of select Lenovo ThinkSystem servers. This milestone that we celebrate today, and the extension of CO2 offset services to our server portfolio, highlights the focus and vigour of our efforts to enlist our clients in the fight against climate change.
Marketing services provider HH Global announced today a series of climate targets aimed at aligning its netzero emissions goal with science-based standards. Since that time, many companies’ netzero commitments have come under increased scrutiny as relying too heavily on carbonoffsetting as opposed to absolute emissions reductions.
Thu, 03/18/2021 - 01:00. Of course, there’s also the expectation, with Pachama’s involvement, that these projects will originate new carbonoffsets, which are in increasingly short supply as big businesses shower the world with net-zero pledges. Heather Clancy. companies. .
Enbridge leaders agreed in 2021 on the principles and frameworks that would guide our capital allocation choices. The pathways shown remain the most current forecast of our route to netzero; carbonoffsets and credits are still estimated to represent about one-quarter of our net-zero strategy.
The publication of the letter follows an announcement from the SBTi in April of its plans to allow the use of EACs in its anticipated update of its Corporate NetZero Standard. The SBTi was founded in 2015 with the goal to establish science-based environmental target setting as a standard corporate practice.
More recently, companies such as Microsoft and Swiss Re have been drawn to CDR as a way to more credibly meet their net-zero goals. The reasoning is simple: A traditional carbonoffset only prevents additional CO 2 from entering the atmosphere (instead of removing already-emitted CO 2 ). Calculating CDR Impact.
That’s why, in 2021, we expanded our commitment to reducing our operational greenhouse gas (GHG) emissions in our value chain and ensured our new targets were aligned to the latest climate science by committing to and joining the Science Based Targets Initiative’s Business Ambition for 1.5°C C and the United Nations’ Race to Zero.
The organizations’ key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.
In 2020, Aflac achieved carbon neutrality in its Scopes 1 and 2 greenhouse gas emissions by reducing emissions and purchasing renewable energy credits and carbonoffsets. Carbon neutrality in all Scopes by 2040 and netzero emissions by 2050. Download the 2021 Aflac Business & Sustainability Report here.
DESCRIPTION: 2021 was another year of progress, made possible through collaboration and innovation. Our goals —to reduce carbon dioxide equivalent emissions by 50% by 2025 from our current 2014 baseline and to achieve netzero by 2050 – were certified by the Science Based Targets initiative as consistent with limiting global warming to 1.5
Achieving our reduction goal requires implementing energy efficiency and modernization initiatives, utilizing renewable energy, establishing power purchase agreements, purchasing renewable energy certificates and carbonoffsets, and transitioning to low-carbon energy sources throughout our operations. PERFORMANCE.
Rob Jenkinson is NetZero Program Manager at Swedish bearing and seal manufacturing firm SKF. Reaching NetZero operations by 2050 will require huge changes in industrial practices – such as how we use energy and source raw materials – but despite all the challenges, the target is achievable writes Rob Jenkinson.
Engaging with state-owned firms is challenging and potentially less effective, Carbon Tracker warns. Investors that have set netzero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards.
Demand for carbonoffsets is at an all-time high. Ecosystem Marketplace recently confirmed that the voluntary carbon market exceeded a record $1 billion worth of transactions in 2021, far outpacing any other year. Carbon finance is a lifeline for these projects with communities in need across the globe.
Climate neutrality is the concept of achieving netzero greenhouse gas emissions by balancing the emissions human sources release into the Earth’s atmosphere with the amount the planet naturally absorbs in emission “sinks,” like forests and oceans, via a process called sequestration. Your business can help. It matters to stakeholders.
While corporate demand for carbon credits grows, however, the development of the market faces barriers, including the need for access to capital at scale for the development of new climate projects worldwide, and for primary market access to a long-term supply of high-quality carbon credits for corporates and investors.
According to the VCMI, the new code aims to help build market confidence for companies’ engagement with voluntary carbon markets (VCMs), in order to accelerate corporate VCM use as part of their netzero pathways. Clear and transparent guidance about the voluntary use of carbon credits has been missing.
Is your team embedding equity considerations into its carbon removal projects? Mon, 01/18/2021 - 01:15. Ugbaad Kozar, senior policy advisor at Carbon180, discussed these disparities and the power imbalance associated with carbon removal measures. Gloria Oladipo.
DESCRIPTION: SAN FRANCISCO, February 1, 2022 /3BL Media/ - Planet Labs PBC (NYSE: PL), a leading provider of daily data and insights about Earth, today announced that as of December 2021, they are officially a carbon neutral company as part of their commitment to sustainability. High-Quality CarbonOffsets.
In addition, the report highlights the company’s 2021 sustainability achievements, its sustainable vision for the future of flight, and environmental, social and governance (ESG) efforts in alignment with global sustainability standards. Environmental Stewardship. Social Progress.
valued at over $500 million, stating that the assets will be managed “for both carbon capture and timber products.” The transaction follows the acquisition by JPMorgan in 2021 of forest management and timberland investor Campbell Global, stating at the time that “J.P.
Xpansiv provides infrastructure enabling market participants to value and exchange environmental commodities such as carbon, energy and water, and provides market data for voluntary carbonoffsets, renewable energy credits (RECs), and low-carbon fuels.
Paris Aligned Asset Owners commit to maintain “high ambition” and drive innovative solutions needed for global low-carbon transition. Big strides towards netzero have been made by pension funds and other heavyweight institutional investors managing more than US$3.3 trillion – but there remains a long way to go.
Close engagement with asset managers will be a core 2022 priority for UK-based LGPS Central , which manages £49 billion for eight Midlands local government pension schemes, following its netzero commitment , announced last week. “We Engaging through CA100+.
Buildings efficiency, controls, and automation company Johnson Controls announced today the launch of OpenBlue NetZero Advisor, a new data tool aimed at providing building owners and managers with a single dashboard to assess carbon footprints, set targets, and manage and track emissions.
DESCRIPTION: The voluntary carbon market, which exceeded $1 billion in transactions in 2021, has shown no signs of slowing down in recent months. High quality carbon credits can play a critical role in accelerating the transition to NetZero. SOURCE: Cool Effect. VCMI is closely aligned with the work of the ICVCM.
For the report, the latest edition of the MSCI Net-Zero Tracker, MSCI assessed the climate change progress of companies within the MSCI All Country World Investable Market Index (ACWI IMI), and included data from its “Implied Temperature Rise” metric. gigatonnes of CO2e projected by public companies this year, unchanged from 2022.
Launched in 2021, UAV is a first-of-its-kind sustainability-focused ventures fund that targets startups, upcoming technologies, and concepts that will complement United's goal of netzero emissions by 2050 – without relying on traditional carbonoffsets such as planting trees.
Carbon: The race to zero. Eaton is driving actions to reduce global emissions and advance a net-zero future. C, and reaching net-zero global carbon emissions by 2050. C, we must remove more carbon through nature-based and technological solutions that create carbon sinks. Carbonoffsets.
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