Remove 2027 Remove Paris Agreement Remove Supply Chains
article thumbnail

EU Parliament Adopts Environmental, Human Rights Sustainability Due Diligence Law

ESG Today

The law also requires companies to adopt transition plans to align their businesses with the Paris Agreement goal with limiting global warming to 1.5°C, billion in 2027 followed by companies with more than 3,000 employees and €900 million revenues in 2028, and for all other companies in the scope of the law in 2029.

article thumbnail

A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

Looking forward, with customers, investors and policymakers increasing pressure to adhere to the Paris Agreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. These steel plants can replace polluting blast furnaces with a process that emits water vapor instead of CO2.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Is the IMO Turning the Tide on Transition?

Chris Hall

Both measures are due to be finalised in 2025 and come into force from 2027. “The adoption of the [strategy] is a monumental development for the IMO and opens a new chapter towards maritime decarbonisation,” said IMO Secretary-General Kitack Lim. “At the same time, it is not the end goal.

article thumbnail

2021 EUROPE SUSTAINABLE DEVELOPMENT REPORT

Sustainable Development Network

The SDGs and the Paris Agreement reflect Europe’s values and should remain the guidepost for domestic EU policies and international action.” Tolerance for poor labor standards in international supply chains can harm the poor, particularly women, in many developing countries.

article thumbnail

ESG Explainer: Managing the Methane Menace

Chris Hall

A commitment was also made to using the highest tier IPCC good practice inventory methodologies, as well as working to continuously improve the accuracy, transparency, consistency, comparability, and completeness of national GHG inventory reporting under the United Nations Framework Convention on Climate Change and the Paris Agreement.

article thumbnail

Biden Unveils Strict Vehicle Emissions Standards to Drive Clean Transportation Transition

ESG Today

Addressing the transport sector’s emissions impact has been a key focus of the Biden administration’s climate-focused action, as it looks to achieve its ambition to reduce economy-wide GHG emission by 50-52% in 2030 , and to align with its Paris Agreement commitments. The new proposals, announced by the U.S.

EPA 109
article thumbnail

Despite the Headlines, 2021 Was A Year Full of Environmental Victories

Richard Matthews

The final agreement requests parties to come to COP27 next year in Egypt with updated plans on how to slash greenhouse gas emissions by 2030. Under the Paris Agreement, countries were only obliged to update their goals by 2025. Both new and existing coal plants were in retreat in 2021. Pennsylvania made the U.S.’s