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The firms in the 2025Global 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.
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
Let’s begin with a few headlines: Southern Company commits to net-zero emissions by 2050. Microsoft committed to protect more land than it operates on globally by 2025. Shell plans to achieve net-zero emissions across its product manufacturing operations. Mattel launches latest sugarcane-based products.
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.
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.
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climate change sadly has not slowed down this past year. We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action.
A new report sets out a strategy for achieving netzero concrete and cement. The sector currently generates 8% of global CO2 emissions: more than aviation and shipping combined. The challenge of increasing emissions is becoming more urgent as production of concrete and cement is increasing to meet global needs.
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
Lenovo set a vision to reach net-zero emissions by 2050, with targets currently under review for validation from the Science Based Targets initiative. . Lenovo is committed to our vision to provide smarter technology for all and helping to decarbonize the globaleconomy – one of humanity’s greatest challenges.”?.
This will create positively reinforcing ambition loops that can drive the scale required: the right government policies and incentives allow companies to decisively invest in net-zero solutions, which in turn gives governments confidence to step up ambition. . Deforestation must be removed from supply chains by 2025.
Daniel Hanna, Head of Sustainable Finance, Corporate and Investment Bank, said: “Capital is critical to the energy transition, to decarbonise hard-to-abate sectors for the world to reach netzero emissions and create a resilient economy.
Tourism is projected to make up nearly 12% of the globaleconomy by 2033, but it is also poised to consume a troubling 40% of the world’s remaining 1.5°C Belem, situated at the mouth of the Amazon River in Brazil, is facing an influx of 70,000 delegates attending an upcoming United Nations climate summit, COP 30, in 2025.
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.
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.
A letter from 534 financial institutions representing US$29 trillion in assets under management called for policy action in five areas to accelerate private sector investment in a “ just transition to a climate-resilient, nature-positive, net-zeroeconomy”.
Convened at COP26, we have already worked to set industry-wide standards for engagements, and are using these, together with the fast-growing set of tools, data and roadmaps to use our best efforts to eliminate the deforestation in our portfolios by 2025.
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.
The Net-Zero Asset Owner Alliance (NZAOA) has called on companies and data providers to provide sector – specific data on greenhouse gas (GHG) emissions reductions, as it seeks more detail on investee firms’ decarbonisation efforts. trillion to US$3.3 trillion. .
Nearly half the globaleconomy is aiming to be net-zero by 2050. We’re recruiting hard to support these capabilities, with more than 300 new hires planned by 2025. As our world is challenged by climate change, pollution and population growth, the demands of power management are increasing and changing fast.
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.
Following “strong feedback” on the connection between climate and nature, Faber said the ISSB plans to immediately advance work on the climate standard, making explicit connections to natural ecosystems and human capital aspects of the netzero transition. . “We
The UK’s Transition Plan Taskforce (TPT) hit a significant milestone last week with the release of its final set of transition plan resources to help businesses mobilise finance for the netzero transition.
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).
Keeping global warming to below 1.5C This will set them on course to reach net-zero emissions by 2050 at the latest. Without nature acting as a carbon sink, global temperatures would already have risen more than 1.5C In addition, nature’s contribution to the globaleconomy could be worth $125 trillion annually.
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.
Speaking at the OECD’s Forum on Green Finance and Investment 2023 , she also noted that there is “no way we can meet netzero goals without nature”. billion people worldwide lack access to water and at the current global water consumption rate the situation will severely worsen.
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.
The Net-Zero Standard launched by the Science Based Target initiative (SBTi) at COP26 now provides a credible and independent assessment of corporate net-zero target setting and enables companies to align their near- and long-term climate action with limiting global warming to 1.5°C.
Good-faith efforts to reuse carbon, heat and steam are underway with a target to reduce the Port’s emissions to 50% of 1990 levels by 2025. Countries, cities and regions representing over 50 percent of world GDP have net-zero targets in place, as do more than 1,500 companies with combined revenues of $12.5 trillion USD. .
The immediate impact is that investment in the UK energy sector made after 22 February, 2025 by investors from other ECT member states will no longer enjoy, for example, a right to fair and equitable treatment from the UK government. The UK is one small player in a globaleconomy competing for dollars. The need is pressing.
Mining 2030 is set to consult on the draft action plans at the Mining Indaba conference in South Africa in February 2025, as part of its stakeholder engagement. The industry underpins up to 45% of the globaleconomy considering both its direct contribution and that made to other industries.
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.
The UK government has set a target of achieving netzero emissions by 2050. These requirements are expected to be extended to medium-sized and small companies by 2025. The UK’s commitment to achieving netzero in general is enshrined in the Climate Change Act of 2008 (as amended).
In its consultation response, the UN Principles for Responsible Investment (PRI) said that the UK government must commit to implementing the ISSB’s general sustainability disclosure requirements standard (IFRS S1) and climate standard (IFRS S2) on an economy-wide basis by 2025 “at the latest”.
It is estimated that $15 trillion a year must be put toward green technologies to meet net-zero emissions. As climate data becomes more democratized, it will provide a better understanding of which ESG initiatives aid progress toward a net-zero world. trillion, even more investment is needed.
This along with an end to fossil fuel subsidies by 2025 is the timeline business needs to help get us on track. Anything less is incompatible with limiting global temperature rise to 1.5ºC.” is also joining RE100 by committing to 100% renewable electricity by 2025. . million (tCO2e) of portfolio emissions annually.
Drawing on that mandate, Ardern declared a "climate emergency" and set the wheels in motion for New Zealand’s public sector to become carbon neutral by 2025. She passed a Zero Carbon Bill during her first term that mandates net-zero emissions by 2050 and campaigned on tougher action this term. . percent of its GDP.
Companies poised to act early will find themselves at the forefront of the growth markets in the globaleconomy. The UK will deliver its full plans in 2025. Brazil pledged to reduce net greenhouse gas emissions by 59%–67% by 2035, compared to 2005 levels.
Virginie Derue, Head of Responsible Investment Research at AXA Investment Managers, identifies unifying themes for 2025 across social and environmental issues. In 2025, there is likely to be much scrutiny around US President Donald Trumps anti-green agenda. Extreme weather events are becoming more and more frequent and costly.
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).
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. Under the Paris Agreement, countries were only obliged to update their goals by 2025. Nature is the substrate of everything including our economy.
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