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Company’s 2023 corporate sustainability report announces development of Scope 3 emissions reduction roadmap, operationalized through its employee-driven emissions reduction Carbon Out program Increased diversity and inclusion efforts saw $410 million spent to support diverse and small businesses, and an increase of 43.7%
Employ the GreenhouseGasProtocol Corporate Accounting and Reporting Standard methodology to determine our GHG emissions inventory. For calendar year 2023, this is a Type 2 moderate assurance in adherence to the AA1000 AccountAbility Principles (AA1000AS v3) of inclusivity, materiality, responsiveness and impact.
Fifth Third measures and reports on its corporate greenhousegas emissions using the GreenhouseGasProtocol methodology with third-party verification of its calculations. billion in lending and capital-raising for renewable energy products in 2023, and continues to make progress towards the goal.
In the meantime, companies may look at the dozens of international standards that are already commonly used as the backbone of sustainability disclosures, such as those of the GreenhouseGasProtocol and the Science Based Targets initiative.
In 2023, we put our ambition into action in important ways, while also increasing our accountability and transparency. Here is a summary of our 2023 progress. In 2023, Dow’s Board of Directors approved the final investment decision for our Fort Saskatchewan Path2Zero project in Alberta, Canada. ethnic minorities.
Scope 3 emissions can be broken down into 15 categories as specified by the GreenhouseGasProtocol and the EPA. supply chain) and downstream (i.e. value chain) emissions. A majority of companies (57%) disclose Scope 1 and 2 emissions. This represents an increase of 15 percentage points, from 42% in 2021.
September 6, 2023 /3BL/ - To support carbon-conscious enterprise customers in their sustainability journeys, Lenovo is offering a Reduced Carbon Transport Service, a distinct offering that gives enterprises the option to lower their carbon impact when IT devices are air shipped. RALEIGH, N.C.,
The proposed new SEC legislation incorporates frameworks on climate risk and GHG emissions from the Taskforce on Climate-related Financial Disclosures (TCFD) and the GreenhouseGasProtocol.
Disclosure obligations would begin in 2026 for Scope 1 and 2 emissions, and in 2027 for Scope 3 emissions, with measurement and reporting to be performed according to the GreenhouseGasProtocol standards. SB 253 will make California a global leader in corporate carbon transparency.
Originally published in Northwestern Mutual 2023 Sustainability and Social Impact Report Since 1857, Northwestern Mutual has been committed to doing what’s right—working to deliver positive, transformative results for generations to come. Learn more about these investment options at northwesternmutual.com/esg-investing.
Under the agreement, three new-build, on-farm anaerobic digesters operated by Vanguard Renewables will supply 650,000 MMBtu/year of RNG to meet nearly all of AstraZeneca’s gas demand at its U.S. research and manufacturing sites by the end of 2026. AstraZeneca’s use of RNG in the U.S. Transparency in GHG emissions accounting is critical.
LyondellBasell Increases GreenhouseGas Emissions Reduction Targets, Includes Scope 3. Wed, 01/11/2023 - 11:30. As announced in April 2022, the company is on track to close its Houston refinery by the end of December 2023. Type of Content. Press Release. Featured Media.
In these instances we look for opportunities to structure long-term agreements in a way that supports deployment of new renewable energy projects, in accordance with guidance from industry organizations and standard-setting bodies like RE100 and GreenhouseGasProtocol.
Examples are natural gas used to heat buildings, back-up generators that run on diesel, and gasoline used in company-owned vehicles. Register for one of our expert-led sessions: Cisco Live EMEA 2023 Sustainability Sessions Find out more about CISCO’s commitment to net zero emissons by reading the 2022 Cisco Purpose Report
In the analysis , non-profit consortium Private Equity Climate Risks (PECR), which calculated the emissions estimates on behalf of Investors for Paris Compliance, found that Brookfield’s financed emissions were up to 159 million metric tonnes (Mt) CO2 as of Q3 2023, over 13 times more than Brookfield’s own disclosure of 11.8 Mt CO2 in 2022.
According to Wyatt, who now acts as Senior Counsel at Persefoni, new mandatory climate disclosure rules are “essentially consistent” in requiring Scope 3 reporting through the GreenhouseGasProtocol, the standard-setter for measuring and managing GHG emissions.“
The targets used are those of the GreenhouseGasProtocol, the international emissions accounting tool which separates emissions into Scopes 1, 2 and 3, ranging from direct emissions from owned sources through to indirect emissions throughout a company’s value chain. .
Developing Tools and Practices for Business Climate Action Heather Schrock, Director of Environmental Partnerships at the Bonneville Environmental Foundation , provided a look at the greenhousegasprotocols framework. Is your business looking for ideas on making a positive environmental impact?
It will likely be taken again with the mandates on net-zero transition plans from big emitters, due to be introduced in 2023. This line of argument has been taken by many in recent weeks, relating to the UK Government’s introduction of reporting in line with the Taskforce on Climate-Related Disclosures’ (TCFD) recommendations from 6 April.
From 2023 onwards, they will require the publication of climate-related financial statement metrics and related disclosures in a note attached to a firm’s audited FS. Disclosures will cover GHG emissions (scope 1, 2 and 3), and other climate reporting (governance, physical risks, targets, scenario analysis). Biodiversity).
Installing rooftop solar photovoltaic systems at K-Cs manufacturing site in Cape Town, South Africa in 2024 (3,700 MWh per year); Opening a new 75 million onshore wind farm in Scotland, UK in 2023 (160,000 MWh per year). Notes for editors: [1] Based on the US EPA GHG equivalencies calculator [2] Calculated on "market-based accounting".
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