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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

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Ahold Delhaize Signs Renewable Energy Deal Covering 30% of its European Electricity Needs

ESG Today

Supplying 460 GWh of power per year, the VPPA will cover approximately 30% of Ahold Delhaize’s total electricity demands in its European operations, contributing to the company’s climate goals , including its target to reach net-zero carbon emissions in its operations no later than 2040.

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Maersk Signs Long-Term Green Methanol Deal with LONGi to Reduce Fleet Emissions

ESG Today

The agreement follows the release earlier this year by Maersk of goals to reduce emissions across its operations and supply chain, and the achievement by the company of validation of its goal to achieve net zero by 2040 by the Science Based Targets Network. Production will begin in 2026 and the deal will extend into the 2030s.

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Canada can’t hit its net-zero goals without phasing out gas-guzzling vehicles

Corporate Knights

By 2026, for instance, 20% of total vehicle sales by a manufacturer or importer should be electric. By 2030, zero-emission vehicles must make up 60% of total sales. The post Canada can’t hit its net-zero goals without phasing out gas-guzzling vehicles appeared first on Corporate Knights.

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Switzerland to Require Companies to Disclose 2050-Aligned Net Zero Roadmaps

ESG Today

The new proposal would also require companies to provide net-zero roadmaps with plans to achieve the goals of Switzerlands recently passed Climate and Innovation Act, which includes a commitment to reach net zero greenhouse gas (GHG) emissions by 2050.

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Canada Launches Regulation Requiring 35% Emissions Reduction from Oil & Gas Companies

ESG Today

Canada has set national climate goals including commitments to cut GHG emissions by 40% – 45% by 2030 , and to reach net zero emissions by 2050. The sector is also a major employer in Canada, supporting approximately 400,000 jobs.

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Firmenich Commits to Net Zero Emissions by 2039, Climate Targets Approved by SBTi

ESG Today

Fragrance and taste company Firmenich announced a commitment to achieve net zero greenhouse gas (GHG) emissions across its value chain by 2039. Last year, the organization launched its Net Zero Standard , setting stringent criteria which it uses to assess and certify corporate commitments to achieve net zero emissions.

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