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Robert Horn, Global Head of Sustainable Resources, Blackstone Credit. Climate change will impact all areas of the globaleconomy, requiring investors to rethink their approach to risk. However, significant carbon reduction more broadly will require active management and concrete, ambitious decarbonization KPIs.
The report is part of the Ceres Food Emission 50 initiative, an effort focused on decarbonizing the nation’s food sector. Decarbonizing the U.S. food sector is key in our efforts to limit global temperature rise to no more than 1.5 SOURCE: Ceres. by the end of the decade.
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.
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. ”
April 26, 2022 /3BL Media/ - Bloomberg and MSCI announced today the launch of the first indices in their joint Climate Benchmark offering with the Bloomberg MSCI Global, Euro and US Corporate Paris-Aligned Indices. decarbonization relative to the baseline emissions. SOURCE: Bloomberg. Learn more our 2021 Impact Report.
Demand for power reached its all-time high of 27,000 MW in the summer of 2006 and declined to 22,600 MW by 2022. Nevertheless, the government expedited approval of new gas power plants, and we all know how that went. The gap never materialized. Now it is 2023.
The company’s offerings are focused on stationary power and data centers, while also providing solutions to monitor and reduce emissions from engines that serve hard-to-decarbonize sectors including energy infrastructure, marine, and construction.
Lenovo took initiative to support its customers in managing IT-related greenhouse gas (GHG) emissions by launching the CO 2 Offset Service in May 2022. Lenovo is committed to the vision of providing smarter technology for all people and helping to decarbonize the globaleconomy. until October 2022 **Source: [link]
In 2022, GFANZ identified four strategies necessary for financing a whole economy transition to net zero, which collectively comprise “Transition Finance.” The principles outlined in the consultation document are designed to be voluntary, pan-sector and globally applicable.
Trade is the globaleconomy's lifeblood, with maritime transport at its core. But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
The company has also been leading decarbonization initiatives among Brazil’s port terminals. For instance, it has invested approximately BRL 80 million in the electrification of RTGs (Rubber-Tired Gantry cranes) as part of its global strategy to neutralize 100% of carbon emissions by 2050.
UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.
November 8, 2022 /3BL Media/ - To help deliver customer solutions and protect the environment, Entergy Louisiana has expanded its shore power capabilities so that Crowley vessels operating out of the Port of Lake Charles have a more sustainable and low-emission option while docked. SOURCE: Entergy Corporation. DESCRIPTION: LAKE CHARLES, La.,
Semiconductors are the foundation of technology advancements that are transforming the globaleconomy and can improve peoples’ lives in so many ways. The company’s latest Sustainability Report and Annex reflect activities and results through the end of fiscal year 2022. By setting a 1.5°C-aligned
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 The shift to travel during cooler months could end up being a silver lining for Greece—where tourism made up a whopping 22% of GDP in 2022. Travel and tourism added US$7.7
Lenovo’s global philanthropy provided ~$24 million in charitable giving, setting a new record for annual giving and charitable impact. . Lenovo is committed to our vision to provide smarter technology for all and helping to decarbonize the globaleconomy – one of humanity’s greatest challenges.”?. For more information?visit
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. ESG trends in 2022: Purpose-Driven Companies. ESG trends in 2022: Net-Zero ambition. ESG trends in 2022: Sustainable Supply Chains.
When you consider that there are more than 4 billion smartphones in use in 2022, including the one that you might be reading this article on right now, that’s a lot of emissions created from one single product. Closing thoughts I can’t help but think about how right Boulding was nearly 60 years ago about the future of our globaleconomy.
To decarbonize the globaleconomy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. Financial Sector Science-Based Targets.
Central to this effort has been a continuous effort to decarbonize our business. Raising our ambition to achieve net-zero emissions is a key element of our approach to sustainability, which looks across the interconnected areas of holistic steering and reporting, climate action, the circular economy, and social responsibility.
Larry Fink of BlackRock recently released his 2022 letter to CEO’s. I believe the decarbonizing of the globaleconomy is going to create the greatest investment opportunity of our lifetime. ….
The SBTi statement added: “We cannot limit global warming to 1.5°C FIs have a critical role to play in the decarbonization of the globaleconomy. It is critical for FIs to leverage their influence on the companies they invest in and to align incentives to catalyze emission reductions in the real economy.”
The company will leverage Series A financing to improve end-to-end visibility for businesses with complex global supply chains. DESCRIPTION: NEW YORK, March 1, 2022 /3BL Media/ – Sourcemap Inc. , SOURCE: Sourcemap. In January 2021, the United States seized over $1 billion worth of goods with suspected ties to forced labor.
The group noted that ING emissions are greater than all financial institutions in the Netherlands, at 61 megatons of greenhouse gases in 2022, and that the bank has a higher emissions intensity, or emissions per unit of investment, than most Dutch financials. C, and to reduce its CO2 emissions by at least 48% by 2030, on a 2019 basis.
Founded in 2022, Knoxville, Tennessee-based Holocene provides a scalable DAC solution using amino acids and other organic compounds to pull CO2 from the atmosphere, which is then concentrated and heated to low temperatures to create a pure stream of CO2 for transport and permanent underground storage.
SDSN is proud to have contributed to Chapter 6 "Transforming food systems" of UNEP's 2022 Emissions Gap Report thanks to our FABLE Consortium scientific director Aline Mosnier. It is a tall, and some would say impossible, order to reform the globaleconomy and almost halve greenhouse gas emissions by 2030, but we must try,” said Andersen.
The frequency of catastrophic heatwaves, flooding and droughts continues to have an increasingly deadly and devastating impact on all parts of society—including the globaleconomy. COP28 presents an opportunity to raise our global ambition and action. The world is facing unprecedented impacts from a warming planet.
Recent examples, such as the turmoil in the nickel market in 2022, highlight the importance of knowing your clients’ liquidity position, always keeping clients’ cash balances visible, and performing rigorous, complex stress tests intraday.
50-50 partnership focuses on filling the pipeline critical to advancing the hydrogen economy. Chemours is committed to taking on the world’s biggest challenges through the power of our chemistry and driving investment in supporting the hydrogen economy. SOURCE: The Chemours Company. DESCRIPTION: WILMINGTON, Del.,
We urge them to steer us towards a clean global energy system and prioritising how we focus on increasing energy efficiency and renewable energy. Ahead of next week’s G7 Summit we shared our response to the FT article in the below letter: 17th June 2022. Letter to FT editor ?. letters.editor@ft.com . ? ? . Dear Editor,? ?.
According to the IEA, there has been a major escalation in energy efficiency since 2022 , with “investment in energy efficiency is up to 45% since 2020” Electric cars now represent a fifth of all cars being sold in the world and heat pumps outsell gas boilers in most markets. Million jobs globally. This would also create 4.5
The Global Fusion Industry in 2022 , launched on 14 July at an event in Brussels, is the second annual survey from the FIA, which aims to build a directory of fusion energy businesses and provide a periodic update on the sector.
And as we head into 2022, climate change must be a top priority for companies around the world. Therefore 2022 must be the year when corporate climate action becomes mainstream. Decarbonizing value chains is, of course, more challenging than cutting emissions in a firm’s own operations. Take Action Across the Value Chain.
Over the coming two weeks, business, government, and civil society will convene in Sharm El-Sheikh, Egypt for the COP27 Climate Summit, to align on climate policies and actions needed to decarbonize the globaleconomy. Together, we can build a better future for your business and the communities you serve.
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. . Source: ‘Scaling Urgent Corporate Climate Action Worldwide’, Science Based Targets initiative, May 2022. G7 – and indeed all governments – should take note.
The pledges announced in the past months should be included in these updated NDCs and be presented by the end of 2022, closing the current short-term gap. . C pathway, coal-fired power generation must be phased out by 2030 for advanced economies, and 2040 for other countries. While the Pact keeps 1.5 °C C goal. .
DESCRIPTION: February 15, 2022 /3BL Media/ - Chief executives and other senior leaders from dozens of influential U.S. We understand the urgency to make climate investments that will accelerate clean technologies and build infrastructure capable of decarbonizing the U.S. more competitive in a low-carbon globaleconomy.
In his most recent annual CEO letter , Fink further detailed the climate-focused investment case, forecasting a “tectonic shift” in capital towards sustainable investing, and calling the decarbonization of the globaleconomy “the greatest investment opportunity of our lifetime.”.
DESCRIPTION: As 2022 comes to a close, certain events are shaping up in the U.S. Few things will impact capital allocation decisions – and thereby the long-term value of your company – more than how effectively you navigate the global energy transition in the years ahead.”. G&A's Sustainability Highlights (12.15.2022).
Farmers could face higher taxes or the elimination of irrigation subsidies as early as 2022 if they don’t act to reduce their impact. . We have an opportunity to extend the recent response of regulators, businesses and investors on climate change to nature; both are interrelated and both pose a systemic risk to the globaleconomy.".
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. .
What if the IPCC’s dire warning is based on information that underestimates the need for lightning-fast decarbonization? 51 is only an interim value to replace the Trump Administration’s $1 to $7 rate, and the final calculation will be set by January 2022. He couldn’t be more correct. There is no time to waste.
Decarbonizing the globaleconomy must not lead to further human rights violations. Amnesty International and IBGDH interviewed more than 130 people at six different mining projects in and around the city of Kolwezi, in the southern province of Lualaba, during two separate visits in 2022.
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