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Swedish industrial products manufacturer Alfa Laval announced plans to achieve its key interim climate goals ahead of schedule, accelerating its efforts to achieve netzero goals for scope 1 and 2 emissions, and to reduce scope 3 emissions by 50% by 2027, three years earlier than previously announced.
Speaking at the ADIPEC energy industry conference in Abu Dhabi, Al Mazrouei said that the investments will aim to “decarbonise our economy and achieve net-zero emissions by 2050,” according to state-owned media outlet Emirates News Agency. The UAE is one of the world’s largest oil producers, with average production of approximately 3.2
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 netzero by 2040 by the Science Based Targets Network. Currently, the company has seven vessels that utilize the fuel.
India-based telecommunications and digital ecosystem provider Tata Communications announced a series of new climate goals and initiatives, including targets to become carbon neutral by 2030, and achieve netzero emissions across its value chain, including Scope 1, 2 and 3 emissions, by 2035. Tata Communications CEO A.S.
France-based water and wastewater services and energy provider Veolia announced that its decarbonization targets have been approved by the Science Based Targets initiative (SBTi), and that its netzero transition plan has been rated as “Advanced” by international ratings agency Moody’s.
CRM solutions platform HubSpot announced today a new commitment to reach net-zero greenhouse gas emissions (GHG) across its value chain by 2040. With SBTi’s validation, HubSpot said it is one of just over 400 companies that have committed to reaching net-zero on or before 2040.
SBTi has also validated Nasdaq’s pledge to reduce Scope 3 GHG emissions 95% to reach net-zero by 2050. Ensure that 70% of its suppliers by spend, covering purchased goods and services and capital goods, will set science-based targets by 2027. KEYWORDS: NASDAQ, net-zero, SBTi. Near-term: 2030 Targets.
Financial technology platform provider Intuit announced today a series of new climate-focused goals, including a new target to achieve netzero emissions across its value chain by 2040. We will continue to drive meaningful emissions reductions as we embark on our net-zero journey.”
An additional 12 new solar sites are planned between 2025 and 2027, adding another 900 megawatts of generation, and for the next 10 years, the company projects adding at least 450 megawatts of utility scale-solar energy per year.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements HSBC Buys Biomass-Based Sustainable Aviation Fuel in Deal with Cathay Pacific, EcoCeres Alfa Laval Accelerates NetZero Goal by 3 Years to 2027 Mercedes-Benz Sharpens Sustainability Focus on 6 Key ESG Areas BlackRock, (..)
Enterprise software provider Red Hat announced today new a new goal to achieve netzero greenhouse gas emissions by 2030. Red Hat was acquired by IBM in 2019, and the company said that its new goal aligns with IBM’s commitment to achieve netzero greenhouse gas emissions by 2030.
New York City has become the latest jurisdiction to approve such a natural gas ban, which will come into effect at the end of 2023 for buildings under seven storeys and in 2027 for larger ones. But environmental advocates argue these measures will make it harder for municipalities to reach their net-zero emissions targets.
Global spirits and beer company Diageo announced today a new partnership with glass manufacturer Encirc to build a hydrogen-powered furnace for the first-ever at scale netzero glass bottle production. The decarbonization of glass packaging also forms a key part of the UK government’s plan to reach netzero by 2050.
DESCRIPTION: ATLANTA, September 28, 2022 /3BL Media/ - Southern Company announced that it delivered the first-ever netzero energy TOUR Championship. The netzero goal includes direct GHG emissions across the company's electric and natural gas businesses. SOURCE: Southern Company.
billion project to build the world’s first netzero Scope 1 and 2 emissions ethylene plant in Alberta, Canada. The project will see Dow build a new ethylene cracker and increasing polyethylene capacity by 2 million metric tons annually (MTA), as well as retrofitting an existing cracker to netzero Scope 1 and 2 emissions.
Canada has set national climate goals including commitments to cut GHG emissions by 40% – 45% by 2030 , and to reach netzero emissions by 2050. The sector is also a major employer in Canada, supporting approximately 400,000 jobs.
Sustainable procurement practices have become one of the key enablers in achieving net-zero targets.” SAP CFO and Executive Board member Dominik Asam said: “Reducing scope 3 emissions is a key factor on the journey to netzero.
The investment includes conditional purchase agreement to order up to 100 airplanes, based on JetZero achieving development milestones including flight of a full-scale demonstrator in 2027, as well as an option for an additional 100 planes.
The global market for business travel is projected to decline 54 percent during 2020, according to data by ResearchAndMarkets.com, which predicts a robust recovery for the industry — by 2027. Still, offset markets will become an increasing fact of life for more and more industries and companies that set their sights on net-zero emissions.
The first co-located clean energy project under the new partnership is anticipated to be operational in 2026, and fully complete in 2027. Peterson Corio added that Google hopes to replicate the new model across the U.S and around the world.
Investors that have set netzero targets for their portfolios have been cautioned to carefully evaluate their positions in majority state-owned oil and gas laggards. The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. billion in 2022, a 46.5%
In a statement announcing its plans to roll out the CBAM, the UK Treasury said: “Decarbonising UK industry forms an important part of delivering the energy transformation needed to achieve netzero. But these efforts will not succeed if decarbonisation in the UK simply leads to higher emissions abroad.”
Currently, only one segment of road transport – three-wheeled vehicles – is fully on track to reach netzero by mid-century. However, the report indicates that the window to reach global net-zero transport ambitions is now narrower than ever.
Highlights First injection could come as early as 2027 Site off coast of Teesside could store up to 100 million tonnes of CO2 Big step on the path to netzero greenhouse gas emission.
While the grid operators in Ontario and Alberta are both “investigating pathways to a net-zero power grid,” CEC points to a fatal flaw in their analysis — they rely too often on obsolete data that may go back as far as 2001, or draw from experience in other countries.
Last year, SBTi launched its NetZero Standard , setting stringent criteria which it uses to assess and certify corporate commitments to achieve netzero emissions. SBTi also tightened its criteria for approved climate targets , announcing that it will only accept targets aligned with its 1.5°C
Organizations are developing net-zero emissions strategies to take tangible climate action. Sustainable procurement practices have become one of the key enablers in achieving net-zero targets. Reducing scope 3 emissions is a key factor on the journey to netzero.
Amgen's “Road to NetZero” not only includes carbon neutrality by 2027 but also involves reducing water use by 40% and waste disposal by 75%. The post Amgen’s Sustainability Track Record Includes Reducing Carbon, Water, and Waste appeared first on Environment + Energy Leader.
A new strategic partnership between SSE Energy Solutions and Scottish Water Horizons aims to develop low-carbon district heat networks across Scotland, accelerating the country’s journey toward netzero. Heat networks are projected to meet up to 20% of the UK’s heat demand by 2050, according to recent government figures.
and China are the more appealing destinations for net-zero industries.” If the far-right National Rally (RN) wins the domestic elections scheduled for June 30 and July 7, it would claim the post of prime minister, while Macron would continue as president until 2027.
Industrial gases company Air Products announced a significant increase in its planned capital expenditure plans for clean energy projects, boosting its 2018-2027 energy transition investment goal by $4 billion to a new $15 billion target.
CSRD – Timelines and Structure Based on the status of deployment of the Green deal in January 2024, multinationals will begin reporting in 2025 based on FY2024; large enterprises in 2026 based on FY2025; and publicly listed SMEs in 2027 based on FY2026 (with an opt out option to 2028).
The utility would be leaving the business of large-scale centralized power generation: closing all its coal plants by 2027 and tripling its renewable energy capacity by 2030. Bernabei says that by 2027, Sardinia will be powered by wind, sun and water alone. .
Governments around the world are promoting clean-burning hydrogen as a critical component of our net-zero drive to avert the most catastrophic impacts of climate change. The firms hope to make a final decision to proceed early in 2024, with plant start-up by the end of 2027.
But the equivalent table [xlsx] from the December, 2021 outlook indicated much heavier reliance on emissions-heavy gas—70% in 2023, 74% in 2024, 91% in 2027, and 100% in 2043.
Amgen is well on the path to deliver net-zero for Scope 1 and Scope 2 carbon footprints as part of its 2027 ambition. The original Energize announcement can be found here. Our suppliers’ carbon footprints comprise most of Amgen’s Scope 3 carbon footprint.
Matthew Germain, Co-lead of NetZero Policy and Regulation at Osborne Clarke, highlights incoming measures under the EU Carbon Border Adjustment Mechanism. Although these obligations relate to the EU mechanism, UK businesses should take heed that the Labour government is committed to a UK CBAM that is expected by 2027.
But a suite of technologies collectively known as carbon capture, utilization and storage, or CCUS, are among the tools available to help meet global targets to cut CO2 emissions in half by 2030 and to reach net-zero emissions by 2050. The strongest criticisms are lobbed at using CCUS to extract fossil fuels.
Phase III of the project located in Haskell County, Texas, is expected to achieve commercial operation in the first quarter of Keysights fiscal year 2027. Keysights portion of the project is estimated to generate renewable electricity equivalent to 100% of the companys electricity consumption in the United States and Canada.
Signals of change in the netzero transition this week include EU reforms of its carbon market and deforestation laws, and a $1 billion wind project in Laos. The post Netzero transition – the latest signals of change: April 21, 2023 appeared first on We Mean Business Coalition.
Recently published by the Department for Energy Security and NetZero (DESNZ), the plan outlines reforms aimed at streamlining the grid connection process to meet growing demand for renewable energy. The UKs push towards clean power by 2030 is entering a transformative phase with the implementation of CP30.
The new dual-fuel ships, to be built by Yangzijiang Shipbuilding Group, will have capacity of 9,000 containers, and are expected to be delivered in 2026 and 2027. Boulos added: “With this order, we take another step in the green transformation of our fleet and towards our target of becoming net-zero in 2040.
The company said that the partnerships mark a “new step” in its global Climate Plan, making it possible to achieve netzero carbon for the plants of the ElectriCity cluster – consisting of Renault’s Douai, Maubeuge, and Ruitz manufacturing plants in northern France – in 2025, Europe in 2030 and worldwide in 2050.
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