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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Pull Quote. Finance & Investing.

Net Zero 402
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BP hits the brakes on transition away from fossil fuels

Corporate Knights

The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030. Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement.

Net Zero 338
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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Seasoned observers fear that growing calls for a bolder and more ambitious global policy framework are continuing to founder on the rocks of vested interests and short-term cost concerns. .

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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. New challenges, new opportunities. Change requires exploration of new concepts and solutions.

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The world has consumed half a trillion tonnes of virgin materials since the Paris Agreement

Envirotec Magazine

The throwaway global economy is fuelling the climate crisis with more than half a trillion tonnes of virgin materials consumed since the 2015 Paris Agreement, according to a report from impact organisation Circle Economy launched on 19 January. billion last year. C at the COP26 summit in Glasgow.

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Ceres Releases New Guide To Aid U.S. Food Sector’s Climate Transition Plans As Investors Ramp Up Pressure

3BL Media

The global food system is responsible for approximately one third of global emissions and the Intergovernmental Panel on Climate Change recently outlined how global temperature rise stands to negatively affect the global economy, food security and both human and planetary health. by the end of the decade.

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Morgan Stanley Softens Climate Targets

ESG Today

Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the global economy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C C above preindustrial levels.”

Net Zero 119