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Bloomberg published its 2023 Impact Report , which outlines how the company continues to address climate change through its operations, philanthropy and collaborations with partners and industry peers. A selection of highlights from the 2023 Impact Report include: Environmental Impact Reducing emissions in line with a 1.5°C
On January 19, 2023 Lenovo announced its commitment to reach net-zero emissions by 2050, in alignment to the Science Based Targets initiative’s Net-Zero Standard. One year later, Lenovo is on-track to meet its near-term 2030 emissions reduction goals, the first milestone in the journey to net-zero.
Originally published on NRG Energy Insights By Lynda Clemmons We are proud to share that NRG has achieved A- scores in both the 2023 Climate Change and Water Security reports. Today, we are targeting a 50% reduction of our greenhouse gases by 2025 (based on a 2014 base year) and net-zero emissions by 2050.
Sofidel has once again been recognized by CDP – one of the main independent organizations for measuring and reporting environmental performance globally – for its commitment to fighting climate change and deforestation.
November 17, 2023 /3BL/ - Ceres welcomes two important new resources for private equity investors to help them evaluate and communicate the progress their portfolio companies are making towards netzero.
Originally published in Principal Financial Group 2023 Sustainability Report Protecting the environment Managing climate impact To create a more secure world, we pledge to be responsible stewards and mitigate our impact on the planet. and globally in 2023. We exceeded our 2023 target of a 17.3% C scenario. over that same period.
HanesBrands Recognized for Sustainability Leadership, Earning A- Scores in Both Climate Change and Water Security From CDP. Thu, 01/12/2023 - 10:00. The A- score for water security is the highest HBI has received from CDP in that category. For more details about CDP and its scoring methodology, visit www.cdp.net.
Originally published on bloomberg.com NEW YORK, April 30, 2024 /3BL/ - Bloomberg today published its 2023 Impact Report , which outlines how the company continues to address climate change through its operations, philanthropy and collaborations with partners and industry peers. Read the full letter here.
The number of companies reporting through research provider and environmental disclosure system CDP disclosing that they have a 1.5°C-aligned In 2023, a record of more than 23,000 companies disclosed through CDP, up 24% over the prior year, and representing companies worth $67 trillion, or more than 66% of global market capitalization.
Originally published in the Henkel 2023 Sustainability Report We are on a journey toward an environmental transformation of our business model. The CDP rating of A- for our climate commitment demonstrates the strength of our efforts to do our part to help find a solution. We are striving to become a climateneutral company.
Tue, 01/10/2023 - 13:25. For the third consecutive year, Southern Company earned a score of A- for its 2022 CDP Climate Change Disclosure , demonstrating leadership for the North American region and thermal power generation sector. CDP, a global nonprofit, manages an environmental disclosure system for companies and municipalities.
The Barron’s accolade follows CBRE’s achieving an A- performance score from CDP on its 2023 climate change disclosure. CDP’s annual climate change disclosure and scoring process is recognized as the global standard of corporate transparency on climate impacts, risks and opportunities. About CBRE Group, Inc. CBRE Group, Inc.
As the focus sharpens on how governments and businesses are turning netzero commitments into action, We Mean Business Coalition, CDP, Ceres and Environmental Defense Fund have this week released a new report to help companies accelerate their climate journey – via credible climate transition action plans (CTAPs). of warming.
trillion in 2023, but notes that this still falls short of the estimated $4.8 trillion annually required to reach netzero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment.
C sustainability-linked loan, Singapore’s first netzero-aligned loan City Developments Limited (CDL) has released its Integrated Sustainability Report (ISR) 2024, marking its 17th sustainability report since 2008. The gap analysis revealed that CDL’s disclosures are largely well-aligned with the ISSB Standards.
The company was also recognized for leadership in corporate transparency and performance on climate change by CDP , securing a place on its annual ‘A List.’ Trane Technologies is one of 346 companies to be recognized with an ‘A’ score for transparency on climate change by CDP – out of over 21,000 companies scored.
In 2023, we achieved a 27% reduction in scope 1 and 2 emissions (vs. And we’ve announced targets to achieve netzero emissions across our operations and value chain by 2045 and 100% renewable electricity across all Teva sites by 2035. To read more about our impact, check out this one-page summary of our 2023 progress.
Themed “Zero in on Positive Impact”, the digital report communicates CDL’s progress towards its Environmental, Social and Governance (ESG) goals and targets under the CDL Future Value 2030 Sustainability Blueprint.
See our TCFD index for references to our CDP response and portions of this report on how we address the eleven recommendations of TCFD. The identification of emerging climate risks is informed by external scans of megatrends, consultancy and industry reports, peer CDP disclosures, TCFD reports, annual reports and 10-Ks.
Achieving a 78% response rate from priority suppliers for the 2022 CDP Supply Chain questionnaire, which improves visibility into their carbon footprint and reduction targets. View the full 2023 Annual Report. This helps us assess suppliers’ progress to reduce greenhouse gas emissions that are included in our scope 3 footprint.
Among 550 Hong Kong-listed companies, Lenovo received the strongest score in the IT industry for its environmental achievements, which have also been recognized by CDP for leadership in climate change and supplier engagement.
C sustainability-linked loan, Singapore’s first netzero-aligned loan City Developments Limited (CDL) has released its Integrated Sustainability Report (ISR) 2024, marking its 17th sustainability report since 2008. The gap analysis revealed that CDL’s disclosures are largely well-aligned with the ISSB Standards.
The latest netzero signals of change include a record order for Volvo electric trucks. NetZero Economy In a historic first, the IEA this week announced that investment in solar projects has overtaken oil production for the first time. Investment in renewable energy is up by nearly a quarter since 2021.
Trane Technologies’ latest Environmental, Social and Governance (ESG) Report, Accelerating Action for Impact , highlights the company’s relentless investment in sustainable innovation, its uplifting, engaging culture and substantial progress toward its externally validated 2030 Sustainability Commitments and 2050 net-zero goals.
Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
The latest netzero signals of change include a solar boost for South Africa’s grid and a successful energy efficiency trial for UK companies. GFANZ confirmed that the chapter will launch in June, and will support local financial institutions to decarbonize their investments and help the country to meet its netzero goal.
NEW YORK, June 30, 2023 /3BL/ - Today, the UN Global Compact Network USA (Network USA) recognized the 2023 USA SDG Pioneers — business leaders who are championing the Sustainable Development Goals (SDGs) and inspiring others to advance the 2030 Agenda for Sustainable Development.
The organization said that its scale-up process is aimed at meeting surging demand for corporate decarbonization standards and target validation services, with the SBTi revealing that the number of companies with validated science-based climate targets has doubled over the past year, reaching 4,204 at the end of 2023, compared to 2,079 in 2022.
Wed, 01/11/2023 - 13:40. In November 2020, we announced 11 ESG goals , including net-zero greenhouse gas (GHG) emissions by 2050 and, as an interim target, reducing GHG emissions intensity from our operations 35% by 2030. “We ESG Goals: Foundational to Enbridge, Notable in Sustainability Rankings. Subheader. Type of Content.
We aim to reduce the company’s global scope 1 and 2 emissions by 50% by 2032, and achieve netzero scope 1, 2 and 3 emissions by 2050, in line with the Paris Agreement 1.5°C In 2023 we announced plans to install a 5 MW solar power facility at our Gum Springs, Arkansas site.
That means our products and services can help the vast majority of companies driving the global economy organize their supply chains, transportation, and financial data in a way that can enable an equitable, circular economy and net-zero emissions. Daniel Schmid is chief sustainability officer at SAP. and/or its affiliates in the U.S.
The report, published on 21 November 2023 in The Lancet , shows how climate mitigation actions across different sectors have the potential to bring major benefits to health and highlights the opportunity for global leaders to take actions to prevent millions of premature deaths annually worldwide.
Through industry-leading action and innovation, Trane Technologies is decarbonizing buildings, industry and the cold chain and advancing its 2030 Sustainability Commitments , including the Gigaton Challenge , and its pledge to be net-zero by 2050.
If approved, it will lead to the setting up of RAF as a standardised template for organisations to submit their netzero pledges and transition plans for publication in GCAP, says Gillod. But, Gillod is also cautious about how much impact the UNFCCC’s RAF can actually have. “It Speaking to ESG Investor , Rev.
Tue, 01/10/2023 - 09:00. SWORDS, Ireland, January 10, 2023 /3BL Media/ - Trane Technologies (NYSE:TT), a global climate innovator, is ranked 18th on the 2023 JUST 100 list , named first in the Building Materials & Construction industry, and ranked as the best company in the industry for communities and workers. Type of Content.
As the fallout continues over the Science Based Targets initiative’s approach to offsets, is the netzero target-setting landscape for corporates fit for purpose? 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.
In its latest analysis , environmental disclosure platform CDP found that one in four (5,909) of the 23,200 companies using its framework claimed to have 1.5°C-aligned This is encouraging, and a smart business move, as climate transition plans are an essential tool needed for credible businesses as they shift to netzero.”
Highlights on progress as reported in the Healthy Lives Mission 2023 Report include: Investments in energy efficiency and decarbonization projects have resulted in Scope 1 and 2 GHG 1, 2, 3 reductions of 26% since 2020. To read the Kenvue Healthy Lives Mission 2023 Report, visit www.kenvue.com/hlm-report-2023.
July 11, 2023 /3BL/ - Griffith Foods is proud to announce its near-term science-based emissions reduction targets have been validated by the Science Based Targets initiative (SBTi), a collaboration between CDP, the United Nations Global Compact, World Resources Institute (WRI) and the World Wide Fund for Nature (WWF)! ALSIP, Ill.,
The world faces a stark reality: thousands of companies have now made commitments to cut their emissions in half by 2030 and reach netzero by 2050. This disconnect is further reflected by the fact that fewer than half of S&P 500 companies reporting to CDP are on track to meet their stated climate targets.
Many companies are actively planning and implementing policies to reach netzero by 2050, for instance. While others, in addition to setting net-zero goals, are using ESG to help them create innovative products and services that are good for the environment and good for business.
Everyone can see and feel the effects of climate change, from record-setting heat to intensified wildfires , so the need to prioritize pledges like reaching net-zero is not just a matter of meeting government regulations.
Final investment decision could be made in late 2023. Ørsted and Maersk will continue to investigate opportunities within green fuels together, as Maersk works towards its 2040 net-zero commitment.
The Transition Plan Taskforce’s (TPT) finalised disclosure framework aims to “remove friction” for preparers of climate transition plans by aligning with the work of the International Sustainability Standards Board (ISSB) and Glasgow Financial Alliance for NetZero (GFANZ).
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