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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.
The announcement by UBS marks the latest in a series of moves by banks globally to withdraw or pull back on climate commitments, although UBS changes appear less drastic than those by some of its peers.
While publicly traded companies often dominate the headlines, private companies are a much larger part of the globaleconomy. Reaching net-zero as we grow remains vital. The company aims to achieve net-zero emissions by 2050, in line with the Paris Agreement, largely by helping its customers switch to electric vehicles.
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. It also happened to rake in record-breaking revenues in 2024, built on continued demand for energy management. CLIMATE COMMITMENTS 1.5C Business Ambition for 1.5C
In its deep dive into the worlds most sustainable private- and public-sector companies, Corporate Knights revealed an undeniable fact: public-sector companies are doing essential work when it comes to moving the needle toward a greener globaleconomy. before 2050, and 75% of the citys net-zero strategy relies on these investments.
Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing globalnetzero goals through their financing activities,ESG Today has confirmed. Morgan Stanleys commitment to net-zero remains unchanged.
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.
SANTO DOMINGO, Dominican Republic, November 27, 2024 /3BL/ - DP World , a global leader in logistics and supply chain solutions, has successfully received the MSC Marie, an Ultra-Large Container Vessel (ULCV), at the Port of Caucedo, the largest ship to ever dock in the Dominican Republic.
Originally published on about.bnef.com BloombergNEF (BNEF) announced the winners of its 2024 Pioneers award, recognizing 11 early-stage companies working to introduce technologies and products that will accelerate global decarbonization and halt climate change. Scaling low-energy technologies for heating and cooling is paramount.
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.
Fast-forward to 2024, with its multiple hurricane disasters in the U.S.; It is also a significant carbon emitter, estimated to account for up to 10 percent of all global emissions. Ultimately, as Sweden is showing , such data will be critical to tracking COP29 participants’ journey to net-zero emissions.
ESG ratings, data, and research provider Morningstar Sustainalytics announced today the launch of its Low Carbon Transition Ratings, aimed at providing investors with an assessment of a company’s alignment with a netzero pathway, based on an evaluation of its strategy and actions as well as scenario analysis.
The COP28 decision text, released Wednesday morning, included language about “transitioning away from fossil fuels in energy systems” and “reducing both consumption and production of fossil fuels in a just, orderly and equitable manner so as to achieve netzero by, or before, or around 2050 in keeping with the science”.The
SANTO DOMINGO, Dominican Republic, August 22, 2024 /3BL/ - DP World , a global leader in logistics and supply chain solutions, is embarking upon a multi-phase initiative to improve sustainability at the Port of Caucedo in the Dominican Republic.
Originally published on the Workiva Newsroom NEW YORK, June 19, 2024 /3BL/ - Workiva Inc. NYSE: WK), a global leader in assured integrated reporting, announced the launch of Workiva Carbon.
March 21, 2024 /3BL/ - On International Day of Forests, Ceres today announced its support for the FOREST Act, bipartisan federal legislation that would leverage U.S. trade policy to protect global biodiversity and the climate by restricting the importation of foreign products from land that has been illegally deforested overseas.
This ambitious expansion, set to be completed by April 2024, is expected to increase the terminal's capacity by 80%, allowing for an annual handling of up to 2.7 DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. million TEUs.
Action by banks to reach netzero emissions and meet climate goals is “insufficient”, according to two reports which also highlight significant gaps in the policies guiding the sector’s transition. C or below 2°C in the medium term (2028-35), as well as lacking short- and long-term targets to map a clear pathway to netzero by 2050.
Canada’s Environment and Climate Change Minister Steven Guilbeault said: “By eliminating inefficient fossil fuel subsidies, we are encouraging smart and efficient government investment decisions that can increase Canada’s competitiveness in a decarbonizing globaleconomy, while avoiding creation of stranded assets.
Upon the team’s return from the UAE, we sat down to gather their impressions from the historic event and hear how they plan to accelerate action in 2024. More than 200 nations—and on the sidelines, just about every major global brand—came together and said it’s time to change. And we get to be a part of it.
The Anaerobic Digestion and Bioresources Association (ADBA) has announced the winners of this year’s AD and Biogas Industry Awards , celebrating outstanding achievements and innovations in the global anaerobic digestion (AD) and biogas sectors.
John Ostergren, CSO at Smiths Group, forecasts significant growth in hydrogen and carbon capture technologies, further contributing to the global path towards netzero. A recent example is the Canada Net-zero Hydrogen Energy Complex – a C$475 million project in which John Crane is involved, and which will fund a C$1.6
DUBAI, United Arab Emirates, August 27, 2024 /3BL/ - DP World , a global leader in logistics and supply chain solutions, has secured validation from the Science Based Targets initiative (SBTi) for its ambitious commitment to reduce its carbon footprint.
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.
The report showcased its votes on 13,406 resolutions at 1,052 meetings in the year to March 2024, with the LGPS setting a target for 80% of its financed emissions to be subject to engagement by 2025, and 100% by 2030. Two banks have committed to take the requested action and a third including just transition ambitions in its netzero plan.
On top of that, they will be creating plans to comply as soon as by the 2024 reporting cycle (e.g. Sustainability trends 2023: Net-Zero roadmaps. As a result, 91% of the globaleconomy and almost half of the 2,000 largest companies have net-zero pledges.
iii Transporting 80% of world trade, shipping is the engine room of the globaleconomy. However, despite being the most efficient and environmental way to transport goods, it emits 2% of global emissions, equivalent to the annual emissions of Japan. They have a major role in accelerating towards net-zero emissions shipping.
The first science -based targets for nature provide corporates with the guidance, methods and tools to thrive in an equitable netzero , nature-positive future.
With the globaleconomy heavily reliant on ocean health, a sustainable future is paramount. To date, the ocean and its ecosystems have provided significant benefits to the global community, including climate regulation, coastal protection, food, employment, recreation and cultural well-being.
It only becomes effective 12 months from the announcement, made on 22 February, 2024. The UK is one small player in a globaleconomy competing for dollars. What is the impact of the UK’s withdrawal? The UK’s withdrawal from the ECT is not immediate. The need is pressing. However, the financial resources are finite.
The authority had already pushed the release back to Q3 earlier in the year and the rules are now not expected to arrive until H2 2024. The introduction of the SDRs has not been entirely smooth, with UK’s Financial Conduct Authority (FCA) delaying the publication of a policy statement on them from Q3 to Q4 in July.
The actions being taken by signatories to WorldGBC’s NetZero Carbon Buildings Commitment to tackle whole life carbon are critical because they are driving emissions reductions now and in the future. Together, the three industries emit close to 6 Gt of CO2 per year and are absolutely critical to limiting global warming to 1.5ºC.
Utilities accused of gaslighting investors and policymakers over transition role, as report challenges viability of hydrogen on path to netzero. Canadian pension funds are putting beneficiaries at risk by failing to scrutinise global gas utilities plans to utilise hydrogen to forge a role in the low-carbon transition.
Meanwhile, Senators Joe Manchin and John Barrasso reached a deal after two years of negotiations, resulting in the introduction of the Energy Permitting Reform Act of 2024 – due to speed up the nation’s energy and infrastructure projects, and improve its ability to build out power lines by shortening regulatory approvals.
Wentzel takes on the role after serving as interim Group Chief Sustainability Officer at HSBC following the departure in late 2024 of the banks CSO Celine Herweijer. In a post announcing his appointment, Wentzel said: Supporting the transition to netzero is a priority for HSBC and for the customers we serve.
The NetZero Banking Alliance (NZBA) is a UN-backed initiative founded in 2021 ahead of the COP26 climate summit that brings together global banks committed to aligning their lending and investment portfolios with netzero emissions by 2050.The Starting in 2024, major banks began to exit the NZBA.
The work of the TCFD paved the way, in 2021, for the launch of the Net-Zero Banking Alliance (NZBA), an international cohort of banks committed to transitioning their financed emissions. The banks say they have not abandoned their net-zero commitments, and certainly all the economic drivers and hazards still apply.
Climate risks and geopolitics were both in the limelight, and often clashing, in 2024 as a myriad of questions were raised concerning the future of sustainability efforts. Already, data centres account for 1% to 2% of global energy demand similar to the airline industry and it is estimated this could reach 21% by 2030.
The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance. California banned new fracking beyond 2024 and called for an end to oil production by 2045. Nature is the substrate of everything including our economy.
While opposing camps beefed up their arguments for a re-match, the 2024 presidential election focused attention on Project 2025, a handbook for Trumps second term, which sought to prohibit investing in ERISA plans on the basis of any factors that are unrelated to investor risks and returns (sic).
There’s something about getting stranded on a remote island that brings things into focus – and in the case of an October kayaking trip, points the way to getting to a net-zeroeconomy on time. While the die is cast on the direction of travel of our globaleconomy, we can speed it up.
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