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Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the ParisAgreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.
Supplychain visibility platform project44 announced today that it has raised $80 million, with funding aimed at driving initiatives including measuring and mitigating Scope 3 supplychain emissions from all modes of transportation. Moller – Maersk parent company A.P.
The Eclipse platform was developed to enable closer collaboration and alignment with AB InBev's supplychain on sustainability initiatives. Putting emissions on a trajectory consistent with the ParisAgreement requires a significant increase in the use of green energy.
In 2023, the UCP laid out a climate plan that claims to set “realistic aspirations” of achieving carbon neutrality by 2050. The Trudeau government, along with other countries, subsequently increased its ambition for 2030, as required by the ParisAgreement.
Chocolate, candy and snacks producer Hershey announced today a series of new climate-related goals, with new targets to reduce emissions originating in its value chain, including Forest Land and Agriculture (FLAG) emissions.
By signing The Climate Pledge, Rayonier joins a growing community of over 460 companies that are committed to achieving net-zero carbon emissions by 2040, a decade ahead of the ParisAgreement's target. As of September 30, 2023, Rayonier owned or leased under long-term agreements approximately 2.8 million acres), U.S.
C in line with the ParisAgreement. The company’s short- and long-term climate commitments include a goal to cut absolute scope 1 and 2 GHG emissions 95% by 2023 from a 2017 base year, and absolute scope 3 GHG emissions by 46.2% by 2030, from a 2019 baseline.
SWORDS, Ireland, November 30, 2023 /3BL/ - Trane Technologies (NYSE:TT), a global climate innovator, will underscore the critical need for adoption of new and existing solutions at scale, accelerated climate policy and transparent emissions reporting during COP28 in Dubai, November 30 – December 12.
Cascale has already set a 45 percent reduction target for the textile, apparel, and footwear industry by 2030, in line with the ParisAgreement. In 2023, 59.7 Setting an SBT without close consultation with one’s supplychain is unacceptable and irresponsible given the near-term deadline of 2030.
trillion in 2023, spanning across corporates as well as sovereigns and supranationals. As a 2023 paper by JP Morgan Asset Management notes, engagement can be more nuanced compared to the corporate market, depending on the political complexion of the country. By contrast, the equity equivalent was valued at US$111 trillion.
The home improvement and garden living retailer set a goal last year to be 100 per cent peat-free across its bagged range in 2023 and is focusing on expanding peat-free product innovations and changes across its supplychain.
In 2023, Bloomberg reduced its Scope 1 and Scope 2 emissions by 21% (toward the 2030 target of 80%) and Scope 3 emissions by 27% (toward the 2030 target of 30%) from a 2018 baseline. In 2023, 62% of Bloomberg’s global electricity consumption was obtained from renewable sources.
These disasters impact supplychains, products, and the services on which consumers rely, and the impacts will only increase without dramatic action. Recent sobering reports show that the world is not on track to meet the goals of the ParisAgreement and highlight the steps needed to keep the goals in reach.
Originally published in Southern Company's 2023 Sustainability Summary Providing clean, safe, reliable and affordable energy to customers is fundamental to Southern Company’s mission. Effective Execution of Decarbonization Strategies Through 2023, Southern Company has reduced Scope 1 GHG emissions by 49% relative to our baseline year of 2007.
More sustainable building products need to be identified and steel suppliers need certification to ensure products are sustainable and sourced through responsible and ethical supplychains.
However, subsequent Conservative prime ministers – Liz Truss and Rishi Sunak – “didn’t understand the urgency”, according to the Rt Hon John Selwyn Gummer, Lord Deben, Conservative Party peer and former chair of the UK’s Committee on Climate Change (CCC) from 2012 to 2023.
The appointment is effective from April 2023 and the term will run until December 2024. The vital role that sustainable battery value chains play in meeting the ParisAgreement targets linked to the electrification of transport and power sectors was highlighted during multiple high-level conversations at COP27.
C aligned climate targets set by the ParisAgreement. The first major milestone is to achieve Net Zero emissions from the company’s own activities by 2030 – as well as reducing emissions by 50 percent in its portfolio and supplychain also by 2030. To meet this ambition, Ericsson will work towards 1.5°C
Stewardship, emerging markets and supplychains will be key areas of focus within Greening Finance for Nature. The UN Environment Programme’s (UNEP) 2023 ‘ State of Finance for Nature ’ report suggested that investments in nature-based solutions (NbS) to date have been underwhelming.
As part of its commitment, DuPont plans to work closely with SBTi to determine GHG emissions reduction targets for Scope 1 and 2 emissions aligned with the Parisagreement which sets the goal of limiting global warming to 1.5°C. DESCRIPTION: WILMINGTON, Del.,
In doing so, we’re transforming how we do business across our entire supplychain – from farmer’s field to shop shelf. C, aligning our long-term emissions mitigation targets with the aim of limiting temperature rise in accordance with the ParisAgreement. Defining Net Zero Carbon. Assessing Our Carbon Footprint.
Around three quarters of real estate fund mangers globally have introduced net zero policies with around half publishing net zero commitments and implementing net zero targets, suggesting a growing alignment of the sector with the goals of the ParisAgreement.
As we move further into 2023, it can take a lot of energy to think about energy. C threshold (above pre-industrial levels) stipulated in the ParisAgreement. These case studies are available for purchase at 50% off their regular price through March 31, 2023 , using the discount code ENERGETIC.
Technologies are also optimizing how organizations use the Cloud and helping fuel smarter and more sustainable supplychains. Since 1995, these meetings have sought to foster collaborative action on climate change, resulting in the famous 1997 Kyoto Protocol and 2015 ParisAgreement.
In doing so, we’re transforming how we do business across our supplychain – from farmer’s field to shop shelf. OUR GOAL 10% reduction We are in the process of adjusting our path towards our long-term goal of net zero, which is subject to verification by the SBTi (submission expected in 2023). C campaign.
of nature risks and disclosure framework also covers nature-focused metrics, target-setting and supplychain traceability. . Following previous feedback from stakeholders, it has further proposed new disclosure recommendations for supplychain traceability and the alignment of an organisation’s climate and nature targets. .
The global stocktake finalized at the 28 th United Nations’ annual conference on climate change, or COP28 , took place from November 30 to December 12, 2023, in Dubai, United Arab Emirates. To date the company has achieved almost 25% reduction , nearing the halfway target.
Previous research has shown that reducing leakage across the oil and natural gas supplychain can advance climate and air quality goals while also being economically profitable – a win-win opportunity for industry and climate.
Download: Carbon markets must be a transparent, high integrity part of broader corporate climate action (pdf) The recent synthesis report from the Global Stocktake is a stark reminder: the world continues to veer dangerously off course from the long-term objectives outlined in the ParisAgreement.
of votes in 2023, after a failed bid to exclude it) and 11.5% The forthcoming third round of nationally determined contributions to the ParisAgreement should not just be 1.5°C-aligned, The result is an ESG investor’s nightmare, combining opaque supplychains with forced labour and resource-intensive manufacturing.
This included a commitment to generally vote in favour of shareholder resolutions aligned with the objectives of the ParisAgreement, taking a ‘comply-or-explain’ approach and publicly disclosing its rationale if voting against.
We look for leadership from India to take this conversation forward in its presidency of the G20 in 2023. Natasha Santos, vice president and head of global stakeholder affairs and strategic partnerships at Bayer spoke of the 200 million hectares now covered by farmers in their supplychain using regenerative practices.
Maria Eugenia Filmanovic, Co-founder of Abatable, explains how the VCMI’s new Scope 3 Claim could support firms struggling to reduce their supplychain emissions. November 2023: The Claims Code of Practice was updated at COP28, alongside other key developments.
His resignation was even more impactful given he is the author of the government-commissioned review, ‘ Mission Zero – Independent review of net zero’ , published in January 2023 and looking at how the UK could deliver on its climate targets in a manner is more affordable, and pro-business.
The PRI announced the new initiative, which aligns with the goals and targets of the Global Biodiversity Framework (GBF), during a climate and nature plenary session at its PRI in Person 2023 conference in Tokyo.
Despite many Australian organisations committing resolutely to new ESG standards, they face hurdles in achieving their objectives due to data challenges within the supplychain, which can inadvertently lead to unintended greenwashing. This enables management to obtain a holistic view.
More frequent and extreme weather events, exacerbated by climate change, are disrupting supplychains, displacing people from their homes and causing disaster response and recovery costs to skyrocket. Ecosperity Week will be held in Singapore from 6 to 8 June 2023. It is simply sound economics and smart risk management.
The GBF is often referred to as nature’s ParisAgreement or ‘Paris for plants’, and the final version – due to be signed-off at the Montreal summit – is expected to include a commitment to protect at least 30% of the planet’s land and oceans by 2030, as well as clauses requiring private sector finance flows to support its goals. .
The IEA found that, between 2019-2023, the deployment of solar PV, wind, electric cars, heat pumps and nuclear avoided the equivalent of 5% of total global fossil fuel demand in all sectors in 2023. This is roughly equivalent to the total energy demand of Japan and Korea.
On the same page” At COP28, UN Climate Change confirmed that 11 countries, including four from Asia, had submitted NAPs during 2023, bringing the number received from developing countries to 52. While 2023 marked a continued ratcheting up of adaptation action, more detail and urgency is still needed.
When ABP first announced its plan to divest all its fossil fuel holdings in October 2021, the asset owner indicated that it expected the majority of its investments would be sold in the first quarter of 2023 – “that is still our expectation,” she says. Change or divest Beyond fossil fuel divestment, the Dutch pension fund continues to encourage (..)
But with the world still off-track to achieve the ParisAgreement, should governments intervene? As of yet, no major economy has mandated that businesses set verified, science-based goals to reduce emissions in their operations and supplychains. Carlsberg’s Boas Hoffmeyer has a note of caution, however.
This aims to bring change to all aspects of the business and supplychain. We don’t live in such a world and so we are reliant globally on large corporates stepping up to the plate and driving actions through their value chains. Turning commitment into action.
The world’s leading authority on corporate climate plans has dealt a blow to the carbon-offset industry, signalling that it objects to corporations using carbon credits in place of emission reductions in their own supplychains. It certified the climate plans of 4,200 companies by the end of 2023, double the number from 2022.
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