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Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future. billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. . billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. .
Burberry is the first luxury fashion brand to receive approval by the initiative for its netzero emissions target. SBTi is one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of addressing and limiting climate change. by 2030, from a 2019 baseline.
The Science Based Targets initiative makes clear that greenhouse gas (GHG) pollution must halve by 2030. As Greta Thunberg so pithily observed at #DigitalDavos, instead of corporate blather about " hypothetical targets and net-zero loopholes ," we need every cent going in a new direction as we crawl out of the pandemic economic crisis.
Multi-stakeholder dialogue seen as essential in unlocking capital for netzero solutions, as GSIA calls for development of national transition plans. C temperature pathway.
C, and investee companies are not yet facing full scrutiny of their netzero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be netzero aligned by 2030.
Boston Consulting Group (BCG) and low carbon solutions provider World Energy announced today a new 5-year agreement for the purchase by BCG of sustainable aviation fuel certificates (SAFc) as part of the company’s efforts to achieve its netzeroclimate goals. by 2025, on a 2018 basis.
DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for use as a raw material or permanently removed when combined with storage. According to last year’s IPCC climate change mitigation study, scenarios that limit warming to 1.5°C
The company’s climate commitment is a verified 1.5 degree Science Based Target , and is informed by its goal to reach netzero emissions by 2030 across its operations and supply chains and its analysis on the carbon impact of remote work. C Science Based Target Netzero by 2030 target. Verified 1.5°C
DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for use as a raw material or permanently removed when combined with storage. commitment to achieve netzeroclimate impact by 2030.
Burberry has strengthened its resolve to be climatepositive by 2040 by refinancing a credit facility to a £300m Sustainability Linked Loan. Burberry plans to become netzero by 2040 and will invest in nature-based projects with carbon benefits to restore and protect natural ecosystems and boost the livelihoods of global communities.
Consumer electronics company Logitech announced today a series of new climate goals, including having all products and operations achieve neutrality this year, achieving netzero emissions by 2030, and ultimately becoming “climatepositive,” by removing more carbon than creating. Read more →
We are excited to partner with BCG via the Sustainable Aviation Buyers Alliance and leverage the SAFc Registry to accelerate the roadmap toward netzero emissions.”
Meanwhile, sustainability professionals are helping thousands of communities and enterprises chart paths to NetZero greenhouse gas (GHG) emissions wherein countries, communities and enterprises commit to removing as much carbon from the atmosphere as they place into it. Fortunately, Sustainability Roundtable, Inc. (SR
Meanwhile, sustainability professionals are helping thousands of communities and enterprises chart paths to NetZero greenhouse gas (GHG) emissions wherein countries, communities and enterprises commit to removing as much carbon from the atmosphere as they place into it. Fortunately, Sustainability Roundtable, Inc. (SR
The large UK asset owner releases its first netzero transition plan, warning longer-term goals will be difficult without robust policy support. trillion investment portfolio through tilting its portfolio toward climate-positive investments and increasing its stewardship efforts with carbon-intensive investee companies.
As global sport is being increasingly affected by climate change, the Sport Positive Summit brought together international sports stakeholders that have signed the UNFCCC Sports for Climate Action Framework to discuss possibilities, good practices and solutions, and inspire more people to join them in the mission towards a lower-carbon future.
“Investors really need to see a basket of interventions and solutions being implemented to properly unlock finance [into climate solutions]. But a UK-wide transition plan is perhaps the most crucial because it sets the scene and gives [investors and companies] long-term certainty to deliver netzero,” Gardner added.
November’s COP26 conference saw several countries make national commitments to fight climate change: More than 130 countries pledged to halt and reverse deforestation and the destruction of land by 2030, and more than 100 countries signed the Global Methane Pledge to collectively cut emissions by 30 percent before this decade comes to a close.
Transition plans should demonstrate alignment with 2030 decarbonisation targets, says UN Climate Envoy. In addition, institutions should have interim decarbonisation targets that are “consistent” with the 2030 target, set by the Intergovernmental Panel on Climate Change , of reducing CO2 emissions by around 45% from 2010 levels.
Following its first year of climate direct engagement, UK scheme also emphasises partnership as helping asset owners act at scale. billion) of investments on behalf of 11 LGPS funds – released its latest Climate Change Report alongside its annual Responsible Investment (RI) and Stewardship Report. billion (US$68.8
First, the UN-convened NetZero Asset Owner Alliance told us of a steepening uphill struggle, but an effective one driven by target-setting across activities and sectors. The end of the beginning – The NetZero Asset Owner Alliance also urged further efforts to “reform the current multilateral financial architecture”.
Supplemented our annual public policy and political contributions disclosure with an inaugural report on the climatepositions of our disclosed membership organizations . We continued to advance on climate. Expanding our ambition, we added a goal to electrify our entire light-duty vehicle fleet by 2030. degrees Celsius.
A framework published by the GFANZ-aligned NetZero Insurance Alliance, aimed at guiding the insurance sector to netzero, was coolly received by some, citing loopholes and a general lack of urgency. Science-based netzero transition pathways only recommend residual emissions be offset through carbon credits.
As such, the introduction of amber thresholds caters to vessels that are aligned with industry targets under the 2023 International Maritime Organisation Greenhouse Gas Strategy to reach netzero emissions by or around 2050, which sets intermediate targets of reducing emissions by at least 20% and striving for 30% by 2030 compared to 2008 levels.
According to the International Energy Agency, US$4 trillion of clean energy investment will be needed annually by 2030. A key factor in meeting demand for climate-positive investment could be the growth of climate-aligned bonds. ESG bond issuance reached US$1 trillion in 2021 for the first time according to Refinitiv.
The TNFD’s disclosure and risk management framework was developed to help corporates and financial institutions to align their operations with the goals of the Global Biodiversity Framework (GBF), which aims to preserve and protect nature across 30% of land, freshwater and oceans by 2030.
As regulatory expectations force shipping companies to chart greener paths across the ocean, there are emerging opportunities for investors to invest in the upscaling of climate-positive solutions. . of maritime fuels by 2030 must be renewable fuels of non-biological origin (RFNBO), including green hydrogen and green ammonia.
We need to halve emissions by 2030 to limit global temperature rise to 1.5°C C and avoid the most catastrophic effects of climate change, as outlined by the Intergovernmental Panel on Climate Change (IPCC). The science is clear: we are already reaching dangerous tipping points in the earth’s ecosystems.
As netzero strategies are taking shape and being implemented, governments , investors and companies are enlisting the natural world in the battle to combat the most catastrophic effects of climate change. Of course, opportunities for nature- and climatepositive investments stretch far beyond forest borders.
At that point, all the climate disruptions we’re already seeing will become a lot more severe. According to the most recent report, we need to scale back fossil fuel usage by 45% by 2030. PATRICK NEASE: Hi, I’m Patrick Nease, I’m the sustainability coordinator for Facebook’s netzero team. That’s about 8 years.
Our principal subsidiary, SCE, delivers power to customers entirely within the state of California, which has some of the most ambitious science-based climate change goals in the U.S. This commitment covers the power SCE delivers to customers and Edison International’s enterprisewide operations, including our supply chain.
One of the key sustainability initiatives at Logitech is to not only be NetZero, but to be ClimatePositive by 2030, taking out more carbon than we create, and to do that across its entire supply chain. We are holding ourselves accountable to make sure that is addressed across future generations of products.”.
degree Science Based NetZero commitment, and providing sellers with 100% recycled packaging. Apple commits to eliminating all plastics in its packaging by 2025 and has pledged to create products with netzero carbon impact. degree Science-Based NetZero commitment. Explore the insights.
Many celebrated with their CSOs on meeting ambitious corporate targets for 2020, while setting audacious new goals for 2025, 2030 and 2050. Each of these individuals is playing the long game and is in a strong position to move their companies and industries into what could be a more hopeful period of reconciliation, recovery and repair.
In other US climate-positive news, the Biden administration recently awarded US$4.3 This budget increase was necessary, since the government will need to secure significant numbers of new offshore turbines in order to hit [its] target to decarbonise the power sector by 2030.
Is 'net-zero' greenwash? This year, there has been much ado about zero. It’s becoming hard to read the green media, or even the mainstream media, without seeing new net-zero commitments from companies, governments, institutions and others. Now, net-zero is the flavor of the month. Joel Makower.
Quitting climate alliances risks trust and transparency, says Ramnath Iyer, IEEFA ‘ s Sustainable Finance Lead for Asia. While they maintain that their climate goals remain unchanged, these exits from climate alliances have raised questions about the consistency and credibility of those commitments.
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