This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions.
HSBC , for example, recently pushed back its own target to achieve netzero emissions in its operations and supply chain by 20 years to 2050, and placed its interim financed emissions targets under review, all major U.S. In the report, UBS said that its assets under management with a netzero ambition reached $64.4
With more than one quarter of the globaleconomy committed to achieving net-zero emissions over the coming decades, it follows that the shipping sector will be under increased pressure from governments and private players to clean up its act. It is also working to introduce net-zero emissions ships in U.K.
Asset managers’ netzero targets depend on governments living up to their commitments, says Rebecca Mikula-Wright, CEO of AIGCC and IGCC and NZAM Chair. In the past 12 months, signatories have been taking a range of actions to implement their individual netzero commitments.
Updated and more ambitious Benchmark used to assess focus companies on their netzero transition plans. In 2023, the Disclosure Framework shows that companies have continued to perform well with respect to long-term greenhouse gas (GHG) reduction targets, medium-term GHG reduction targets and TCFD-aligned disclosure. C) pathway.
DP World is targeting net-zero emissions across all its operations by 2050. "We With connectivity to 51 ports globally, including eight weekly routes to 12 ports in Asia, the port plays a vital role in enabling trade for thousands of importers and exporters. We continue to prioritize sustainability in all our operations.
While investors and companies are already setting netzero targets, laying out transition plans, and engaging with governments, more needs to be done to reduce methane emissions and reverse nature loss and water degradation across key sectors. the world is not on track to meet its climate goals.
Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for NetZero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.
The organizations’ key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.
NEW YORK and LONDON, July 12, 2023 /3BL/ - AccountAbility, the trusted global ESG Consulting and Standards firm with a three-decade history in guiding leaders to build better companies, is pleased to announce that CEO Sunil (Sunny) A. Download the AccountAbility 7 Sustainability Trends 2023 Report.
Originally published on bloomberg.org NEW YORK, August 24, 2023 /3BL/ - Bloomberg announced it will host the Bloomberg Transition Finance Action Forum on September 19, 2023, in New York City. The event will be held from 3:30pm ET at The Plaza Hotel in New York City.
trade policy to protect global biodiversity and the climate by restricting the importation of foreign products from land that has been illegally deforested overseas. Illegal deforestation puts the globaleconomy and climate at risk,” said Zach Friedman, director of federal policy at Ceres.
Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.
December 5, 2023 /3BL/ - DP World , a leading provider of end-to-end supply chain solutions, announces the appointment of Sarah Mouriño as Senior Director of Sustainability for the Americas region. Last year, the company announced its global objective of achieving 100% carbon neutrality by 2040 and net-zero carbon status by 2050.
SAP customers produce 87% of the world’s global commerce. That means our products and services can help the vast majority of companies driving the globaleconomy organize their supply chains, transportation, and financial data in a way that can enable an equitable, circular economy and net-zero emissions.
PepsiCo adopted Lenovo’s CO 2 Offset service while evaluating replacements for computers in 2023 and the benefit the service offered. Separate from CO2 offset services, Lenovo has committed to achieve net-zero emissions by 2050, in line with the Net-Zero Standard created by the Science Based Target (SBTi) initiative.
ShareAction also led a campaign at Barclays’ AGM in 2023 urging the bank to end its financing of new oil and gas projects, and to provide more details on the bank’s plan to assess its clients’ climate transition plans. trillion in assets, calling for commitments to end financing for new oil and gas fields this year.
LIMA, Peru, November 16, 2023 /3BL/ - DP World , a leading global entity in end-to-end supply chain solutions, continues to cement its commitment to environmental sustainability by integrating 15 new electric cranes into its expanding operations at the Port of Callao, Peru.
Businesses and financial institutions have a vital role to play in delivering a nature-positive and net-zeroeconomy.” Global Commons Alliance Accountability Accelerator Executive Director. trillion per year from the globaleconomy by 2030. Matic, Ph.D.,
The NetZero Asset Owner Alliance (NZAOA) has called on governments to swiftly implement and intensify climate-related policy that facilitates capital flow towards the netzero transition. C no/low overshoot scenarios to set the ambition level for sub-portfolio and sector targets. At the global level, IPCC 1.5°C
December 7, 2023 /3BL/ - Applied Materials, Inc. Semiconductors are the foundation of technology advancements that are transforming the globaleconomy and can improve peoples’ lives in so many ways. SANTA CLARA, Calif., By setting a 1.5°C-aligned By setting a 1.5°C-aligned
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. Foundations for a Financial Institutions SBTi Net-Zero Target Standard.
Rather than seeing that as an excuse to cut programs that might seem ancillary to the bottom line, like those related to sustainability and environmental, social and governance (ESG) issues, many tech leaders see ESG as critical as ever to their business in 2023. The company reported that $3.5
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). The first reporting would begin from 2026.
Mobilising new capital and working to re-direct existing capital is a vital part of efforts to create a Brazilian – and globaleconomy – that is fit for the long term. But we need to further and bolster these efforts by working with governments to create a supportive policy environment. Yet the world is changing.
Participating investors will focus on mobilizing companies deemed to be systemically important to the goal of reversing nature and biodiversity loss by 2030; the initiative is encouraging investor signatories to participate ahead of its spring 2023 launch. Mindy Lubber, CEO and President, Ceres, said: “The globaleconomy depends on nature.
“[We] believe that direct decarbonisation must remain the priority for corporate climate action and look forward to the extensive public consultation on the draft Corporate Net-Zero Standard.” The paper is now open to consultation.
While the non-profit acknowledged that economic prosperity is linked to energy access, it argued that transitioning the globaleconomy doesn’t hinge on demand being met, but rather on how it is met.
Earlier this week , the Transition Plan Taskforce (TPT) unveiled its finalised disclosure framework which aims to ensure that firms’ transition plans explain how it will meet climate targets, manage climate-related risks, and contribute to achieving netzero, which could help fund managers to identify and target firms in transition for investment.
The 2021 Progress Report, ‘ Scaling Urgent Corporate Climate Action Worldwide ’, found that companies committed to cut emissions in line with climate science now represent US$38 trillion of the globaleconomy, more than one-third of global market capitalisation (up from 20% in 2020).
Natural capital provides the building blocks that enable ecosystem services—the positive benefits that societies and economies derive from nature—to sustain life and create wealth. That’s why biodiversity loss alone could cost the globaleconomy trillions of dollars in the coming years, in addition to trillions more related to climate change.
There will be plenty of business leaders reflecting on the start of 2023, who’d agree with Kermit the Frog: “ It’s not easy being green.” We must have zero tolerance for netzero greenwashing.” In this context, companies can and should be on track to cut emissions in half by 2030 and reach netzero by 2050.
Charlotta Dawidowski Sydstrand , Head of ESG at AP7, explains how universal owner s can exert collaborative pressure to drive sustainable outcomes in the globaleconomy. This, says Sydstrand, creates a “ripple effect” in the globaleconomy.
It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a netzero transition plan, which will ultimately help to decarbonise the globaleconomy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .
The cost of climate change is rising at an alarming pace, with ripple effects being felt across communities and the globaleconomy. A global clean energy system will benefit people, businesses and economies everywhere. Temasek is a global investment company headquartered in Singapore.
From harvest failures to disruptions in logistics, the impacts of climate-related disasters such as severe flooding and extreme heat also mean greater costs for businesses and consumers in a globalizedeconomy. It is increasingly urgent for companies to take effective action to decarbonize and build resilience in their supply chains.
Airports and the aviation industry are central to the growth of globaleconomies, connecting markets, communities and people across the world. of global carbon emissions being produced, ESG must become a central tenet of the aviation industry if growth is to continue. However, with circa 2.5% MtCO2e by 2050.
C within reach, and to transition to a net-zeroglobaleconomy by 2050 at the latest. Urge all governments to, as soon as possible and no later than 2023, publish long-term strategies for NDC implementation that outline concrete pathways to 2030 and 2050; and .
The initiative’s report noted the world will fail to achieve netzero targets without a sufficient supply of metals and minerals for clean energy technologies and a managed decline of coal production. The industry underpins up to 45% of the globaleconomy considering both its direct contribution and that made to other industries.
Businesses I was traveling in Latin America when the January 2023 World Economic Forum convened in Davos, Switzerland. People there were proud of Latin America’s role in developing the kinds of sustainability efforts that are hallmarks of the life economy — something that was also reflected in the conversation at the Forum.
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C The WEF’s Global Risks Report 2023 highlighted failure to respond to climate change and biodiversity loss among the most severe long-term risks facing the world. The risks of failing to take action are clear.
By stepping up their climate ambitions and backing them with concrete commitments, the G7 can catalyse a surge in global investment and reinvigorate their economies. G7 countries make up approximately 38 per cent of the globaleconomy and were responsible for 21 per cent of total greenhouse gas emissions in 2021.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content