'Mission 2025': Corporations, mayors call for more ambitious national climate plans
GreenBiz
JUNE 25, 2024
The next round of climate plans due under the Paris Agreement can galvanize the green economy, business leaders and mayors argue.
Climate storytelling: Why Article 12 of the Paris Agreement could unlock everything
We Mean Business Coalition
NOVEMBER 16, 2024
That’s why I believe one of the most neglected clauses in the Paris Agreement might just be our best hope for planetary transformation. In arcane COP-speak – the Paris Agreement says communications is important to enable the rest of its own provisions. What we’re starting here in Baku this year will grow by Belem in 2025.
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The Road to Powering Amazon on 100% Renewable Energy by 2025
GreenBiz
MARCH 31, 2021
The Road to Powering Amazon on 100% Renewable Energy by 2025. Most recently the company committed to powering global operations on 100% renewable energy by 2025 as part of The Climate Pledge, a commitment to be net-zero carbon by 2040, 10 years ahead of the Paris Agreement.
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Countdown to 2025
Chris Hall
MAY 10, 2024
As the clock ticks down from the 2015 Paris Agreement, there is growing uncertainty that on our current trajectory the world is going to meet the stated goal to be net zero by 2050. Forecast overshoot A key component of the Paris Agreement, NDCs are submitted every five years. The question is what they do after that.
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Lightsource bp targets 25 GW solar developments by 2025
Renewable Energy World
SEPTEMBER 20, 2021
billion in financing and is targeting 25 gigawatts of solar by 2025 , the company announced. The funding will be used to boost Lightsource bp's current 20 GW pipeline to 25 GW by 2025. If we’re going to meet the commitments of the Paris Agreement — business as usual isn’t going to cut it.
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Samsung pledges to remove smartphone plastic packaging by 2025
Environmental News Bits
AUGUST 26, 2021
As Samsung unveils a new sustainability plan, LG has pledged to set emissions targets that would make it adhere to the Paris Agreement’s stretch goal. Read the full story at ZDNet. Read more →
TotalEnergies, Shell, Equinor JV Completes World-First Commercial CO2 Storage Project in Norway
ESG Today
SEPTEMBER 27, 2024
Longship was unveiled in September 2020, with the government describing carbon capture and storage as a prerequisite for reducing global greenhouse gas emissions in line with the Paris Agreement climate targets. The first CO2 injection for the project is expected in 2025.
IPCC report: global emissions must peak by 2025 to keep warming at 1.5°C – we need deeds not words
Environmental News Bits
AUGUST 9, 2021
C of global warming – the “safe” limit for temperature rise outlined in the Paris Agreement – as soon as the early 2030s, according to a landmark report by the world’s most senior climate scientists. by Keith Baker (Glasgow Caledonian University) Earth could exceed 1.5°C
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The Clock is Ticking for Businesses to Meet Sustainability Targets
3BL Media
SEPTEMBER 18, 2024
Business activity picks up and many corporations start to think about business plans and budgets for the coming year because 2025 will be here before we know it! In our Top Stories this issue, we focus on the urgency many companies and industries are feeling as 2030 gets closer. Click here to view the full issue.
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What does digital art have to do with sustainability?
GreenBiz
MAY 5, 2021
A Paris Agreement for blockchain. On April 7, a coalition led by Energy Web announced the Crypto Climate Accord , modeled loosely on the Paris Agreement. The top-level goal of the accord is for all of the world’s blockchains to be powered by 100 percent renewables by 2025.
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Investors Commit $7.1 Trillion of Assets in Pursuit of 1.5°C Climate Goal
Alaistair Marsh
SEPTEMBER 19, 2022
The Net Zero Asset Owner Alliance says 44 of its 74 members are setting 2025 targets in line with the Paris Agreement, up from 29 firms last year.
ESG Bond Issuance to Quadruple by 2025
Chris Hall
JANUARY 25, 2022
trillion per year by 2025, according to new research by Pictet Asset Management and the Institute of International Finance (IIF). Achieving net zero by 2050 could require the climate bond universe to reach US$36 trillion by 2025 and over US$60 trillion by 2030, it added. Global issuance of ESG-labelled bonds could reach US$4.5
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Next Round of NDCs Must be Investible
Chris Hall
NOVEMBER 1, 2024
NDCs are national climate action plans and targets, ushered in under the 2015 Paris Agreement. All countries must deliver more ambitious plans every five years, and February 2025 is the deadline for the third round.
The World Bank cooks up a recipe for a climate-friendly food system: Cut red meat subsidies
Corporate Knights
MAY 15, 2024
The World Bank released the paper while countries party to the Paris Agreement are working to update their climate plans. But governments don’t need to wait until the plans are due in 2025 to start taking action.
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Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future
GreenBiz
SEPTEMBER 1, 2020
Business strategy organization Boston Consulting Group will use remote workplace lessons from the COVID-19 pandemic to reduce per-employee travel by at least 30 percent by 2025, one key element of the $8.5 It committed to delivering up to $1 billion in pro bono consulting work for social impact projects between 2015 and 2025. (So
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How the Private Sector Can Help Mitigate Climate Change
3BL Media
DECEMBER 1, 2022
According to a 2022 IPCC report , global greenhouse gas emissions need to stabilize before 2025 and be reduced by 43 percent by 2030, which is why urgent climate action from both the public and private sector is vital. Without immediate action and emissions reductions across all sectors, limiting global warming to 1.5
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ECB Stress Test: Banks’ Credit Risk Doubles by 2030 Under Slower Climate Transition
ESG Today
SEPTEMBER 7, 2023
The accelerated transition scenario assumes a significant increase in energy costs in the near term, and substantially greater initial green investments, rising to €2 trillion by 2025, compared to only €0.5 trillion in the other.
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Shell’s Empty Transition Promise
Chris Hall
MARCH 27, 2024
In addition, Shell had reduced its net carbon intensity across Scopes 1 to 3 by 6-8% by 2023 compared to 2016 levels, though it is targeting a 9-12% reduction by 2024 and a 9-13% by 2025. trillion) in AUM and 5% of Shell’s stock co-filed a climate resolution with Follow This at the oil and gas major.
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Urgent Deployment of Existing Technology Can Get World Close to Net Zero, BloombergNEF’s New Energy Outlook 2024 Shows
3BL Media
MAY 28, 2024
degrees Celsius, sees demand for oil, gas and coal reach an immediate peak and fall into a steep decline starting from the year 2025. This is far from achieving net zero – and breaches the Paris Agreement with a global warming result of 2.6 The report’s NZS, which is consistent with a 67% chance of holding global warming to 1.75
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Hershey Commits to Cut Agriculture, Value Chain Emissions
ESG Today
JUNE 18, 2024
The company added that its new targets, as well as its goal to reduce scope 1 and 2 GHG emissions by 50% by 2030, have been validated by the Science Based Targets initiative (SBTi), and are aligned with levels necessary to meet the Paris Agreement’s goals to limit global warming to 1.5°C.
CIMB to stop financing new upstream oil fields from 2025
Eco-Business
JULY 9, 2024
The banking group has set new targets to cut financed emissions for the oil and gas and real estate sectors by 2030, which critics say are out of step with the Paris Agreement.
Qualcomm’s 2023 Corporate Responsibility Report: A Message From Our CEO
3BL Media
FEBRUARY 15, 2024
This year, I am proud to share that we have met our 2025 Qualcomm® Wireless Reach™ goal – one year early – to bring technology to underserved communities around the world. Last year, we announced that we had met our science, technology, engineering and math (STEM) education goal of engaging 1.5
Sands Named to 3BL’s 2023 Ranking of the 100 Best Corporate Citizens
3BL Media
NOVEMBER 7, 2023
“While we greatly value the distinction, we continue to push our performance and have set measurable targets for accomplishments under these pillars in the areas of workforce development, Team Member volunteerism and low-carbon transition by 2025.”
Investing in Valuing Nature
3BL Media
MAY 31, 2022
This puts us well on our way to achieving our target of realizing $1 billion in business value by 2025 by valuing nature in business decisions. The new Valuing Nature blueprint is the fourth blueprint published by Dow as part of our 2025 Leading the Blueprint goal.
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Tapestry Is Making a Difference, Caring for Each Other, the Planet and Communities
3BL Media
JUNE 23, 2022
Our global teams gave back to our communities virtually and in person, and at the end of Fiscal Year 2021, we were nearly halfway to achieving our goal of providing 100,000 volunteer service hours by 2025. In July 2021, we expanded our 2025 goals with new bold commitments. Even with this progress, we understand the need to do more.
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What Does COP28 Mean for the Private Sector?
Capaccio Environmental
JANUARY 11, 2024
The 2023 United Nations Conference of the Parties (COP28) marked the first Global Stock take to assess progress toward the Paris Agreement since its ratification in 2015 at COP21. NDCs must be updated every five years, and the next round is due to be presented at the beginning of 2025 before COP30 in Brazil. What’s Next?
Using Carbon Markets To Fuel the Energy Transition
3BL Media
SEPTEMBER 21, 2022
This is the first in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. According to International Emission Trading Association estimates , Article 6-powered financial flows to achieve Paris Agreement goals could soar to $1 trillion a year by 2050.
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Transition Challenge for Britain’s Biggest LGPS
Chris Hall
OCTOBER 3, 2024
In February, the scheme committed to further develop and embed climate and ESG risk management, include a commitment to vote in favour of shareholder resolutions aligned with the objectives of the Paris Agreement.
Hershey Highlights Their 2021 Progress Towards Positive and Lasting Change Worldwide
3BL Media
DECEMBER 7, 2022
Addressing climate change and meeting the goals of the Paris Agreement demands change in how our world works and the way we use resources. In 2021, Hershey supported CLMRS covered nearly 103,000 children, and we expect to increase that to approximately 125,000 children by 2025. For more information, see page 67.
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Climate policy survives the EU election – for now
Corporate Knights
JUNE 17, 2024
That will fall on the incoming Parliament and Commission likely in early 2025. She did promise not to take France out of the Paris Agreement, at least. A European Commission report earlier this year recommended a 90% emissions-reduction target compared to 1990 levels, but there has not yet been a formal legislative proposal.
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Bloomberg’s Sustainability Path: Leading the Way From Pledge To Practice
3BL Media
JUNE 6, 2024
Bloomberg is also on target to meet its pledge to purchase 100% of its energy from renewable sources by the end of 2025 as part of its commitment to the Renewable Energy 100 (RE100) initiative. In 2023, 62% of Bloomberg’s global electricity consumption was obtained from renewable sources.
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Joint statement on UNFCCC work programme on just transition pathways
We Mean Business Coalition
NOVEMBER 21, 2023
This emphasizes that people-centered climate action is essential to ensure social cohesion and increase the societal buy-in required for an accelerated and sustainable transition to a net-zero economy — within planetary boundaries and at a pace aligned with science.
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Australia Needs National Carbon Market Strategy
Chris Hall
AUGUST 17, 2022
The report, requested by Australia’s previous government, provides advice – in the context of the Paris Agreement rules – on the criteria that should be applied to international offsets. The Authority says in a new report that the carbon market is “fragmented, inefficient and complicated”.
Amundi Launches Suite of Net Zero Funds Across Multiple Asset Classes
ESG Today
APRIL 18, 2023
The global asset management industry – which is expected to be managing over $145 trillion by 2025 – has the scale to make things happen and trigger the momentum required to get the world to Net Zero.
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How the ‘Global Stocktake’ Can Accelerate Climate Action
Chris Hall
OCTOBER 20, 2023
Established under Article 14 of the Paris Agreement , the Global Stocktake is designed “to assess the collective progress towards achieving the purpose of [the Paris] Agreement and its long-term goals. What is the purpose of the Global Stocktake? But the Global Stocktake is meant to go far beyond an assessment.
From COP16 to COP29: Insights for Business Leaders to Drive Action on Nature, Climate, and People
We Mean Business Coalition
NOVEMBER 12, 2024
While most countries are still in the process of updating their NDCs ahead of the February 2025 deadline (and more than ¾ have yet to submit their updated NBSAPS), the hard work is now underway for companies and governments to collaborate and align on opportunities that move beyond dialogue and into to deal flows.
BP, Shell, oil giants fund research into mobile carbon capture from ships at sea
GreenBiz
OCTOBER 26, 2020
percent of global greenhouse gas emissions, and has received flak over its failure to come up with a detailed, ambitious plan to decarbonize in line with the goals of the Paris Agreement. percent by 2025. The global shipping sector is responsible for around 2.5 The global shipping sector is responsible for around 2.5
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Asian Energy Transition Gaining Momentum
Chris Hall
SEPTEMBER 6, 2024
“To continue to drive energy transition in Asia, we believe there is room for engagement with wider stakeholders and to further strive for commitments that are aligned with the Paris Agreement,” Yi-Chen Chiang, Director of Sustainable Investment, Asia, at Manulife Investment Management, told ESG Investor.
Societe Generale Sets €300 Billion Sustainable Finance Target, Offers CSR Training to all Employees
ESG Today
OCTOBER 25, 2022
European financial services group Societe Generale unveiled a series of ESG and sustainable finance commitments today, including a new target to facilitate €300 billion of sustainable finance by 2025, and goals to reduce portfolio emissions.
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3 big trends headlining a tumultuous year in food
GreenBiz
DECEMBER 11, 2020
dairy brand that committed to going carbon-negative by 2025 ? When experts at CDP, a nonprofit that tracks sustainability commitments, surveyed 479 food and ag companies , only 75 reported having emissions commitments in line with the Paris Agreement. billion over the next five years as it moves toward a 2050 net-zero target?
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First-Ever Cross Border CO2 Transport and Storage Deal Signed Between Northern Lights JV, Yara
ESG Today
AUGUST 29, 2022
Longship was unveiled in September 2020, with the government describing carbon capture and storage as a prerequisite for reducing global greenhouse gas emissions in line with the Paris Agreement climate targets. From early 2025 we will be shipping the first tonnes of CO2 from the Netherlands to Norway.
Corporations promise to go deforestation-free – again
Corporate Knights
OCTOBER 5, 2022
A laundry list of corporate pledges and climate solutions are on discussion boards here, and one message comes up again and again: there is no meeting Paris Agreement climate targets without halting forest loss. . It’s all part of the drum-beating prelude to the 27th UN climate summit taking place in Egypt this November.
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Investors Demand Comprehensive Plans at COP29
Chris Hall
SEPTEMBER 17, 2024
Submitted every five years under the Paris Agreement, NDCs outline each signatory country’s plans to decarbonise their respective economies including a set of intermediate targets and the steps to reach net zero, including policy action required to enforce compliance. NDCs are expected to play a central role at this year’s COP.
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Tapestry's Approach to Climate Change
3BL Media
OCTOBER 11, 2022
We are aligning our business strategies with the international consensus – outlined in the Paris Agreement – that we must limit global warming to below 1.5°C, In 2019, Tapestry set goals to reduce our Scope 1 and 2 emissions 20% below 2017 levels and reduce Scope 3 emissions from freight shipping 20% below 2017 levels, both by 2025.
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