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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.
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.
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.
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.
Signals of change in the netzero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. The post Netzero transition – the latest signals of change: March 24, 2023 appeared first on We Mean Business Coalition.
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.
Signals of change in the netzero transition this week include the passing of key climate legislation in Australia and the EU. NetZero Economy EU legislators reached an agreement on new climate legislation this week to double the share of renewables in the bloc’s electricity mix by 2030.
CDP found that these financed emissions are on average approximately 700 times higher than the organisation's operational emissions. South Pole can help you navigate the existing framework as well as the new netzero guidance (FINZ) which will replace it in Q4 2023.
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.
Signals of change in the netzero transition this week include a major industrial decarbonization project in Germany and carbon-capturing tequila in Mexico. CLG UK has shared a new policy brief setting out seven key areas the country must prioritize in the netzero transition.
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.
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.
Signals of change in the netzero transition this week include EU reforms of its carbon market and deforestation laws, and a $1 billion wind project in Laos. Vodafone has teamed up with CDP to develop a reporting and best practices framework to help telecoms businesses address greenhouse gas emissions in their supply chains.
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.
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.
Since then, the company’s ambitions and actions have grown, with significant progress toward its bold 2030 Sustainability Commitments and 2050 Net-Zero carbon target. Through its Gigaton Challenge , announced in 2019, the company is working with customers to reduce greenhouse gas emissions by 1 billion metric tons by 2030.
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.
The latter puts Tetra Pak on track to meet its target of netzero GHG emissions in its own operations by 2030 [5] and supports the company’s long-term ambition to work together with suppliers, customers and other stakeholders and achieve net-zero GHG emissions across the value chain by 2050. [6]
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.
Netzero Signals of Change this week include a plan for COP28 and the EU Nature Restoration Law. NetZero Economy & Finance Sultan al Jaber, COP28 President, laid out the UAE’s plans for this year’s global climate summit at a meeting of governments this week. 26 companies had their science-based targets approved.
The Venture Capital Alliance, made up of firms with a combined portfolio worth over $60 billion, has the backing of the UN’s Race to Zero campaign and the Glasgow Financial Alliance for NetZero. In Togo, efforts are underway to plant 14 million trees in 2023, with the aim of restoring 11,000 hectares of degraded land this year.
The proposed solution for netzero targets and progress aims to improve transparency and accountability, but will need to consider existing guidance. But there is still room for hope that netzero commitments – and subsequent progress on decarbonisation – can be transparent, aligned and ambitious.
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.
NetZero Economy As the G7 Summit begins in Japan, a report out this week shows that the wider G20 group has avoided backsliding on climate despite the rush to boost energy security following Russia’s invasion of Ukraine last year.
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.
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