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“We are moving up a gear after more than a year of development and various full-scale tests in the city of Abidjan with the aim of closing at the end of the second quarter of 2023,” says founder Florent Thomas. And UK pension provider Scottish Widows has called on the government to start regulating carbonoffsets.
In this article, I’ll summarise key events defining 2022 and present four sustainability trends that will prepare you to create an impact in 2023. The good news is that every recession eventually creates new opportunities, so continue reading about 2023 sustainability trends. Sustainability trends 2023: Mandatory reporting.
million per year or more) to report their Scopes 1, 2, and 3 GHG emissions, identify and calculate their climate-related financial risks, have SBTi (Science Based Target Initiative) validated GHG reduction targets, and disclose through annual CDP (Carbon Disclosure Project) reporting.
Fifth Third has been carbon neutral for these emissions since 2020 with the purchase of 100% renewable power and verified carbonoffsets for the remaining emissions. Achieved an A- CDP Leadership Score in 2021. Since 2014, Fifth Third has reduced its location-based Scope 1 and Scope 2 emissions by more than 50%.
Fifth Third has been carbon neutral for these emissions since 2020 with the purchase of 100% renewable power and verified carbonoffsets for the remaining emissions. Achieved an A- CDP Leadership Score in 2021. Since 2014, Fifth Third has reduced its location-based Scope 1 and Scope 2 emissions by more than 50%.
Unilever is a noteworthy example – they’ve committed to a deforestation-free supply chain by 2023. While it may be tempting to rely on carbonoffsets (after all, offsets can support tree planting and reforestation), just remember that offsets don’t make up for the destruction of ancient ecosystems.
A new label aimed at replacing carbon neutrality claims has been launched by carbonoffset firm South Pole. The post Net zero transition – the latest signals of change: July 7, 2023 appeared first on We Mean Business Coalition.
In 2024, the number of listed companies with a climate commitment validated by the Science Based Targets initiative (SBTi) jumped to 20% from just 12% in 2023. This steep growth marks SBTi as a focal point of corporate climate action, said Guy Turner, Head of Carbon Markets at MSCI. “I
The draft implementation plan will outline specific objectives, deliverables and timelines to enhance the integrity of voluntary commitments and their contributions to the Paris Agreement, identify systemic barriers faced by non-Party stakeholders, and improve transparency regarding the systemic impact of those who have not made or are failing to deliver (..)
Only 1% of over 13,000 corporates across 13 industries and 117 countries disclosed against 24 key climate transition plan indicators, according to a 2021 report by sustainability disclosure platform CDP. Eighty-four percent responded to less than 80% of those indicators. . Throwing down the gauntlet .
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