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The landmark ParisAgreement was forged in the corridors of COP21 back in 2015. They could have an amazing impact on accelerating decarbonization, but theyve decided not to do it. According to a report by the London-based NGO Global Witness, 503 fossil fuel lobbyists attended the COP26 meeting in Glasgow in 2021.
20 C-suite sustainability champions for 2021. Mon, 01/11/2021 - 02:15. Motivated to decarbonize, digitize and customize, Gutierrez has been advancing an integrated-power strategy to bring generation and retail together. Joining the America Is All In pledge supporting the ParisAgreement in December is an early indicator.
In 2021, CBRE announced our commitment to achieve net-zero carbon emissions by 2040—10 years ahead of the goal set by the ParisAgreement. In 2021, we ordered 300 EV vans and 10 EV trucks, representing replacement of over 10% of CBRE vans in the U.S. . By the end of 2021, we opened 100 Workplace360 o?ces
The report found that most companies are making progress on decarbonization, revealing a 6% annual decrease in average emissions intensity, or emissions per unit of revenue, since the 2016 ParisAgreement. over the prior year, after growing from 27% in 2021. over the prior year, after growing from 27% in 2021.
Wed, 01/27/2021 - 02:00. But in reality, with revenues and ticket sales way down, there's only so much commercial airlines actually will do to meet decarbonization goals. Amazon aims to clean up aviation. Katie Fehrenbacher. The aviation sector in a pandemic has 99 problems. And climate change remains a big one. . Enter air cargo.
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. degrees [of warming] we need to decarbonize by the mid-2030s. Cecilia Keating. To achieve 1.5
For the study, Destination Net Zero, Accenture examined the 2,000 largest public and private companies by revenue globally, analyzing their net zero commitments, decarbonization levers and track records of reducing operational Scope 1 and 2 greenhouse gas emissions.
C trajectory of the ParisAgreement. This milestone reaffirms 3M’s ongoing commitment to climate action, decarbonization of its operations and portfolio of products and continual innovation on behalf of customers around the world “3M has a long history of reducing its greenhouse gas emissions.
This year, Corporate Knights set out to identify global companies that have decarbonized faster than their peers while simultaneously increasing revenue. Yet the pace and scale of their reductions is in the realm of what every company and country must do by 2030 to keep the faith of the ParisAgreement. Whereas just 2.7%
Last year saw significant activity as governments, utilities, businesses and other entities zoned in on mitigating climate change by setting aggressive decarbonization goals in an effort to lower carbon emissions. Look for easy-to-decarbonize areas of your operations where you can make a difference right away. Accept uncertainty.
Fri, 03/26/2021 - 00:05. The analysis, " Banking on Climate Chaos 2021 ," underscores that while overall fossil fuel financing did tumble significantly in 2020, the total amount of financing provided to fossil fuel firms in 2020 was still more than $40 billion higher in 2020 than in 2016, at $750 billion. Decarbonization.
The European Central Bank (ECB) announced today the publication of its first climate-related financial disclosures for its corporate sector and non-monetary policy portfolios, indicating progress towards the decarbonization of the Eurosystem’s €385 billion of corporate securities holdings.
C, as set out in the Paris Climate Agreement – and we are already too close to this threshold,” said Carsten Knobel, CEO of Henkel. “We We all have to take responsibility and help limit global warming to 1.5°C,
As of 2021, the collective assets under management represented by all PRI signatories – a group committed to incorporating environmental, social and governance (ESG) factors into their investment decisions – was more than US$121 trillion. Companies need transition plans that show capital-expenditure alignment with 1.5°C
PepsiCo Europe announced today the launch of a new long-term partnership with crop nutrition company Yara aimed at providing farms in the EU and UK with low-carbon fertilizers, crop nutrition programs, and other tools to help decarbonize the food value chain. We’re excited to work with first movers like PepsiCo to help make this a reality.
What began as an innovation in our Industrials portfolio several years ago is now the standard across all our deals in Americas Private Equity, implemented at every control position we closed in 2021. Read the full 2021 Sustainability Report. It’s a real win-win. We can have a meaningful role in supporting these efforts.
The industry letter, co-ordinated by Brussels-based green-mobility lobbyists Transport & Environment, says that passenger cars and light commercial vehicles account for 15% of Europe’s CO2 emissions and that electric vehicles will be a key pillar in the fight against climate change: “Every fifth car sold across the EU in 2021 had a plug.” .
A new study appears to show that, for decarbonization goals of steel and cement to be met, and the demand for new green technology to be satisfied, consumption habits need to change. Previous predictions of the quantities of carbon that would be captured from activities like steel production (pictured) have proven to be over-optimistic.
When you look at the oil industry’s efforts to decarbonize, the results are lacklustre. By our count in 2022 – seven years after the ParisAgreement – the vast majority of oil companies still earn less than 1% of their revenue from renewable sources. Suncor invested 10.4% of its capital on green projects in 2022.
Campaigners have long argued that while major fossil fuel companies are spending big sums on publicly pushing messages that suggest they are committed to decarbonizing by investing in greener forms of energy, in reality, the overwhelming majority of their capital expenditure still goes towards oil and gas. It is a big business.
“OPG strongly believes nuclear will be a critical part of the energy transformation and of handling the increased load” on the power system from decarbonization efforts, she says. . OPG’s electricity generation was 94% free of carbon emissions in 2021. .
For the past few years we have been on a path to reduce our carbon emissions and in 2021 we took a key step forward – committing to a goal of net zero greenhouse gas emissions across our full value chain by 2050. We've also joined the United Nations Race to Zero Campaign to help build momentum towards a decarbonized economy.
Leaders of leading industrial nations at the Japan-hosted G7 summit in Hiroshima made a series of announcements in support of their ParisAgreement commitments to limit global temperature rise to 1.5°C,
Decarbonization progress has not kept pace to achieve targets set by the 2015 ParisAgreement, and last November, at COP26 in Glasgow, nations pledged to adjust their CO2 emissions targets by 2030 in an effort to realign with the goal of net zero by 2050. Methanol as a Cornerstone of Decarbonization.
CEC is a finance-led initiative, launched in 2021 and inspired by Climate Action 100+, the investor initiative that guided the Church of England’s attempts to engage Shell. CEC “drives dialogue” to help Canadian companies transition to net-zero.
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). Why 2040 vs 2050? Why set interim goals? Why commit to Science Based Targets initiative (SBTi)?
My Green Lab Certification was selected as a Race to Zero Breakthrough Outcome in 2021, establishing a target that 95% of labs in biotech and pharma achieve Certification at the highest level by 2030. With only seven years until 2030, we must urgently accelerate the decarbonization of all parts of the economy.
In 2021, the value of carbon credits traded on the voluntary market exceeded US$1 billion , more than double the value in 2020. At COP26, in November 2021, states agreed on a series of rules to govern market-based activities under Article 6 of the ParisAgreement. Communities at risk.
degree Celsius pathway by 2050, in support of the ParisAgreement. AB engages with issuers systematically on climate-change risks and opportunities: in 2021, the firm held more than 900 discussions on climate risks, opportunities and other environmental issues.
2021 was characterized by the ongoing COVID-19 pandemic, supply chain disruptions, labour shortages, and geo-political and climate uncertainty. Key environmental highlights in 2021 included the following: 39% of Gildan’s energy came from renewable sources. Key social highlights in 2021 included the following: $15.1
The update follows launch by Le Maire in 2021 of a committee aimed at reinforcing the ambition and requirements of the SRI label, which the Economy and Finance ministry said has not been significantly updated since 2016. The new rules will also require companies included in SRI-labelled funds to have a ParisAgreement-aligned transition plan.
C does not mean we have breached the iconic threshold of the ParisAgreement, but it does reveal that we are edging ever closer to a situation where 1.5°C Some of Canada’s largest banks, including the Royal Bank of Canada and Toronto-Dominion Bank, more than doubled their financing of the oil sands in 2021 to $16.8
It’s in line with the 2015 ParisAgreement , which Canada signed along with 193 other countries. The agreement considers “the imperatives of a just transition of the workforce and the creation of decent work and quality jobs in accordance with nationally defined development priorities.”
Canada is also required under its ParisAgreement obligations to set 5-year emissions reduction targets, or Nationally Determined Contributions (NDCs) to the agreements ambition to limit global temperature increase to well below 2 C above pre-industrial levels and pursue efforts to limit it to 1.5
3M announced a series of new and updated climate-related goals, including a new target to reduce absolute Scope 3 greenhouse gas (GHG) emissions by 42% by 2030, on a 2021 basis. C trajectory of the ParisAgreement.
The announcement is meant to deliver on the 2023 subsidy phaseout deadline contained in Prime Minister Justin Trudeau’s December, 2021 mandate letters to Guilbeault and Finance Minister Chrystia Freeland. increase in 2021, the Canadian Climate Institute reported in February). billion for the first nine months of 2021/22.
The global pandemic continued to highlight society’s inequalities in 2021, while heat waves, wildfires and floods reminded us of the urgency of the climate crisis. As the “decade of action” on decarbonizing the economy kicks off in earnest, the most sustainable companies are more productive in terms of both carbon and energy.
This is the second in a three-part series exploring how Article 6 of the ParisAgreement can spur the clean energy transition. This type of agreement also helps distribute the project risks, facilitating access to finance. Designing and implementing decarbonization pathways for utilities and private corporations.
When the federal Liberals announced the Greener Homes deep retrofit program, back in the 2021 budget, we decided to take the plunge and enroll, hoping to tap some of the $5,000 in grants available to homeowners. We can’t decarbonize without a massive scale-up. Some provinces – B.C. We’re going nowhere near fast enough.”.
By region, Europe is the closest to aligning with the ParisAgreement goals, with European companies overall aligned with a 2.4°C C decarbonization pathway. C since 2021. North American companies are on track for a 2.5°C, C, while Asian companies are on a 3°C path.
65 of the Global 100 companies have signed up to the Science Based Targets initiative, aligning their emissions reductions with the requirements of the ParisAgreement, up from 60 in 2021. . 2022 G100 Rank 2021 G100 Rank Company Country Climate commitments Overall Score. Our analysis illuminates the “say–do” gap.
This is the third in a three-part series exploring how Article 6 of the ParisAgreement can spur the clean energy transition. The 2021 United Nations Climate Change Conference (COP26) established an accounting mechanism known as the “corresponding adjustment” to ensure that only one country counts each emission reduction.
You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon. It has publicly endorsed the ParisAgreement on climate change as well as the EU’s target of being net-zero by 2050. billion in sales in 2021 and 110,000 employees worldwide, has a lot of weight to throw around.
The new targets form part of the company’s commitment, announced in October 2020 , to align its financing activities with the goals of ParisAgreement, and to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.
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