Remove 2026 Remove Global Economy Remove Net Zero
article thumbnail

UBS Pushes Back Net Zero Target by 10 Years Following Credit Suisse Acquisition

ESG Today

HSBC , for example, recently pushed back its own target to achieve net zero 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 net zero ambition reached $64.4

article thumbnail

Barclays Ends Direct Financing for New Oil and Gas Projects

ESG Today

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 net zero emissions and create a resilient economy.

Net Zero 117
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Hydrogen Century

Chris Hall

John Ostergren, CSO at Smiths Group, forecasts significant growth in hydrogen and carbon capture technologies, further contributing to the global path towards net zero. 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

article thumbnail

DP World Sets New Ambitious Carbon Reduction Target As It Secures SBTi Validation

3BL Media

Sultan Ahmed bin Sulayem, Group Chairman and CEO, DP World said: "DP World is committed to leading the supply chain industry towards a more sustainable and efficient future, and ultimately achieving net zero emissions by 2050.

article thumbnail

GHG Accounting and Science-Based Target Setting for Financial Institutions and Private Equity

Sphera

To decarbonize the global economy in alignment with the goals established by the Paris Agreement, all economic actors in the real economy need to reduce their greenhouse gas (GHG) emissions sufficiently to align with required emissions pathways. From 2026, this will apply for all sectors.).

article thumbnail

TPT Framework “Complements and Builds” on ISSB Standards

Chris Hall

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 Net Zero (GFANZ). The first reporting would begin from 2026.

article thumbnail

Correcting Climate Imbalance

Chris Hall

But reforming a system that has been in place since the late 19th century and changing the global mindset to unite against one existential threat is no easy feat. Crucially, the central question of who should pay what when it comes to dealing with the climate crisis still lingers.