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Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. degrees [of warming] we need to decarbonize by the mid-2030s," he explained. "To To achieve 2 degrees we need to decarbonize by mid-century. Cecilia Keating.
Tue, 04/20/2021 - 02:11. The push to quickly transition carbon-intensive activities away from fossil fuels while meeting the world’s growing energy needs has put electricity producers and consumers squarely in the forefront of the emerging clean economy. The paths from here to electrification and decarbonization are costly and complex.
Herweijer joined HSBC in 2021 as Group Chief Sustainability Officer and a member of the Group Executive Committee, and has overseen the development of the bank’s net zero strategy, including its portfolio decarbonization targets.
JPMorgan Chase wants to be the commercial bank for ‘green economy’ companies. Mon, 04/12/2021 - 00:05. Their mission is to work with JPMorgan Chase’s existing commercial relationship specialists to accelerate the flow of capital available to organizations that can play a role in decarbonizing other companies and industries.
UK- and South Africa-based global active asset manager Ninety One announced that its decarbonization-focused Global Environmental strategy has been awarded a $150 million mandate by California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S.
Since late 2021, OMERS has announced it would sell its 25% stake in Scotia Gas Networks (SGN), the second-largest gas distribution network in the United Kingdom, as well as its 80% joint stake in GNL Quintero, Chile’s largest fossil gas import terminal. And OMERS might finally be listening. .
Wed, 06/30/2021 - 02:00. What caught my eye about the Hewlett Foundation’s recently announced zero-emissions strategy is the specific focus on road transportation decarbonization. . Therefore, primary funding from HF in the power sector goes to help these international governments meet their own goals of decarbonizing the power sector.
Fri, 03/26/2021 - 00:05. The green groups behind the report have warned of an "alarming disconnect" between the global scientific consensus on climate change and the ongoing practices of the world's leading banks. Decarbonization. Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Cecilia Keating.
both earned spots in the Global 100 ranking, as did telecommunications giants BCE Inc., The Corporate Knights ranking allocates spots by sectors to reflect the globaleconomy. And Global 100 companies perform no better in terms of racial diversity than the broader universe of large publicly traded companies. Telus Corp.
Mon, 01/25/2021 - 00:30. Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climate change sadly has not slowed down this past year. This effort has the potential to tackle 30 percent of global greenhouse gas emissions. Dominic Waughray. Coming together for impact.
Sustainable investing is changing global supply chains: 4 key takeaways. Wed, 01/20/2021 - 01:00. In Taiwan, where I live and work, a large percentage of companies occupy an important position in the globaleconomy as major suppliers of goods across the industrial spectrum. José Miguel Salazar.
Decarbonization-focused VC investor Voyager Ventures announced that it has raised $100 million for Voyager Partners Select I, its second venture fund targeting investments in climate technology startups. Voyager Ventures noted that each fund was oversubscribed on strong demand for climate solutions. ”
To ensure they meet the minimum PAB criteria, each index sets an initial 50% reduction of absolute greenhouse gas (GHG) relative to the standard Bloomberg parent (Euro, US, or Global) corporate index, followed by an annual 7.5% decarbonization relative to the baseline emissions. Learn more our 2021 Impact Report.
Global management consulting firm McKinsey & Company’s sustainability-focused platform McKinsey Sustainability and Moody’s financial intelligence and analytical tools unit Moody’s Analytics announced today the launch of a suite of solutions aimed at helping banks identify, measure, and act on climate change-related risks and opportunities.
LIMA, Peru, November 16, 2023 /3BL/ - DP World , a leading global entity in end-to-end supply chain solutions, continues to cement its commitment to environmental sustainability by integrating 15 new electric cranes into its expanding operations at the Port of Callao, Peru. million TEUs.
Davies joined EY UK last year as a Partner in its Law business, focused on decarbonization, sustainability and ESG. In her new role, Davies will oversee a team of legal professionals across 95 countries, providing the firm’s clients with a broad range of legal services to help address their sustainability-related priorities and challenges.
Facilities such as the one proposed by Enegix are at the heart of making hydrogen a core component of a zero-carbon globaleconomy; and our integrated approach places us in a unique position to contribute,” said Gary Martin a Managing Director with Black & Veatch’s Oil & Gas business.
The increase came despite a year devastated by the Covid-19 pandemic, a global recession and uncertainty about U.S. The analysis is presented in BNEF’s latest report, 1H 2021 Corporate Energy Market Outlook. energy policy ahead of the presidential election. Question marks before – and after – the U.S. Source: BloombergNEF.
Launched in 2021, Hy24 is a joint venture between private investment house, Ardian, and hydrogen enabling investment platform, FiveT Hydrogen. According to Hy24, the firm aims to mobilize as much as €20 billion in investment capacity over the next 6 years. The Fund is an Article 9 Fund under European SFDR regulations.
“The rapidly changing global context urges the global business community to respond with smarter innovations and more responsible operations, seizing every opportunity to act with a larger purpose in mind,” said Yuanqing Yang, Lenovo’s CEO and Chairman. For more information?visit visit Lenovo StoryHub.
According to a government statement announcing the launch of the new framework, the initiative forms part of Canada’s commitment under the Glasgow Statement, a 34-nation agreement signed at the 2021 COP 26 summit , to shift public finance away from fossil fuels and in support of the energy transition.
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C trillion to global GDP in 2022, and the WTTC forecasts [pdf] that figure doubling to represent 11.6% Travel and tourism added US$7.7
In January 2021, the United States seized over $1 billion worth of goods with suspected ties to forced labor. In addition, new regulations around decarbonization, deforestation and forced labor require major multinationals to implement technology for transparency and traceability in many aspects of global supply chain operations.
One carefully planned and sited offshore wind farm has the potential to create 10,000 full-time jobs over the 25-year project lifetime of a 500MW offshore wind farm, states GWEC and it holds great potential to decarbonize the globaleconomy, as well as improve access to energy to disadvantaged communities in coastal areas.
“The estimated size of the heavy-duty fuel cell membrane market is expected to grow to about $900M by 2030, which speaks volumes to how critical this technology is, and will continue to be, as the planet pursues robust goals for decarbonization,” said Denise Dignam, President of Advanced Performance Materials at Chemours.
Moody’s Analytics predicts that +2°C of warming would cost the globaleconomy $69 trillion USD by 2100, not including the incalculable losses borne by communities that face rising sea levels, crop failure, devastating heatwaves and displacement from their homes. The cost of inaction is too high.
Biodiversity loss is already costing the globaleconomy 10 percent of its output each year. That is equivalent to just over $25 per year for every citizen in 2021. The report calls for coupling investments in restoration action with financing conservation measures.
According to the report , 2,253 companies with a combined market cap of one third of the globaleconomy – a total of $38trn – are now working with the SBTi. . Companies with targets cover an impressive global spread of 70 countries. The initiative has grown exponentially since the first pioneers set targets back in 2015.
As of November 2021, more than 1,000 companies spanning 53 sectors in 60 countries have set 1.5 Decarbonizing value chains is, of course, more challenging than cutting emissions in a firm’s own operations. Go All-In for 1.5C. degrees C-aligned science-based emission reduction targets. . Take Action Across the Value Chain.
2021 was an uncommon and tough year due to COVID19 guiding our lives. In this article, I’ll summarise key sustainability events defining 2021 and then present four sustainable ESG trends that will settle companies’ environment in 2022. 2021 Sustainability Summary. ESG trends in 2022: Net-Zero ambition.
Only a root-and-branch transformation of our economies and societies can save us from accelerating climate disaster.” gigatonnes of CO2 equivalent, less than one per cent, off projected global emissions in 2030. NDCs submitted this year take only 0.5 Such massive cuts mean that we need a large-scale, rapid and systemic transformation.
Morgan Stanley joined the NZBA in April 2021 as a founding member. The firm recently revised its interim financed emissions targets, based on its assessment that the globaleconomy and policy is not currently on track with the ambition to limit the global temperature increase to 1.5C
The organization recently revealed , however, that while companies have made significant progress on setting decarbonization goals, many have not advanced on setting transition strategies to match. Phase 2 will see CA100+ shift focus from corporate climate disclosure towards the implementation of climate transition plans.
25 badass women shaping climate action in 2021. Mon, 03/08/2021 - 02:00. And now, I invite you to meet the 2021 class of Badass Women. Heather Clancy. Given the devastating economic toll the COVID-19 pandemic has had on women and girls, the imperative to mark International Women’s Day carries more weight than usual this year. .
And over additional 40 businesses have signed the World Green Building Council’s commitment to decarbonize the built environment across their portfolios and business activities. C is a campaign led by the Science Based Targets initiative in partnership with the UN Global Compact and the We Mean Business coalition. .
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