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.
VANCOUVER, British Columbia, July 23, 2024 /3BL/ - DP World , a global leader in supply chain solutions, is pleased to engage as a Pilot Partner in the NetZero Supply Chain (NZSC) Initiative, a collaborative effort dedicated to advancing the decarbonization of Canada's freight-transportation supply chains.
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
The firms in the 2025 Global 100 ranking allocated 58% of their investments to sustainable projects in 2023, up from 55% in the prior year. That figure compares with sustainable investments of just 15% for the 8,259 other publicly traded companies with revenues of more than $1 billion in the Global 100 universe. Telus Corp.
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.
Originally published in Bloomberg's 2023 Impact Report Structural and systemic shifts accompanying climate change, such as resource scarcity, new technologies and regulations, pose business risks and offer opportunities to issuers and investors globally.
Financial organisations thus have a major role to play in the decarbonisation of the globaleconomy, yet it is estimated that since the Paris Agreement in 2015, the 60 largest banks have instead invested $5.5 Financial institutions have a major role to play in decarbonising the economy toward netzero over the coming three decades.
VANCOUVER, Canada, December 14, 2023 /3BL/ - DP World , a global leader in integrated supply chain solutions, has endorsed a new Memorandum of Understanding (MOU) aimed at establishing an international green shipping corridor linking Canada’s West Coast with ports in Asia and the Middle East.
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.
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.
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.
While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Introduction. 1 – 1.5ºC emission pathway (Source McKinsey & Co).
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.
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
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve netzero greenhouse gas (GHG) emissions by or around 2050. What progress has the IMO made?
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
Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World said: "DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, and ultimately achieving netzero emissions by 2050.
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.
The ISSB’s climate and general sustainability standards, which were created to serve as a global baseline for reporting across jurisdictions, are expected to be finalised in early 2023. Former World Bank Global Director for Environment, Natural Resources and Blue Economy Karin Kemper will advise the board on natural ecosystems. .
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.
DUBAI, United Arab Emirates, December 27, 2023 /3BL/ - A 100 percent recycling target by 2050 for the world’s aluminium drinks cans has been set by industry leaders at COP 28. degree target.
Both were speaking at a panel session on putting netzero commitments into practice on the second day of the event, hosted by the UN-convened Principles for Responsible Investment (PRI) this week in Toronto, Canada.
“[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).
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