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Climatechange is both an urgent issue needing immediate action and a topic that requires long-term planning for positive transformation. Aligned with the work we will do to reach netzero, one of the key pillars in our strategy is accelerating the transition to clean energy.
Despite all they're doing to address climatechange with both emissions reduction plans, circular economy innovation and consumer awareness, Amazon, Google and Microsoft have been criticized — rightly so, in my mind — for their close ties to the oil and gas sector. But there's a lot more to the relationship. Pull Quote.
Financial information and analytics provider FactSet announced today a series of climate commitments, including establishing a target to reach netzero emissions by 2040 and pledging to set a near-term emission reduction goal aligned with the Science Based Targets Initiative (SBTi).
Updated and more ambitious Benchmark used to assess focus companies on their netzero transition plans. Benchmark assessments are a cornerstone of Climate Action 100+ and are intended to help inform investors’ engagement strategies and wider public debate. C remains possible due to the growth of clean energy technologies.
Bloomberg published its 2023 Impact Report , which outlines how the company continues to address climatechange through its operations, philanthropy and collaborations with partners and industry peers. said Michael R. Bloomberg, founder of Bloomberg L.P. and Bloomberg Philanthropies. Read the full letter here.
According to the company, Transition Analytics provides users with a comprehensive asset-based emissions and activity database for 11 of the most emissions-intensive sectors, linking more than 148,000 physical assets to 3,000 listed companies with ownership stakes in these assets, along with their 32,000 listed and private subsidiaries.
Deepki will use the funding to continue to help the real estate sector reach its netzero goal while securing over 200 new hires in 2022. Deepki estimates that the value of the monitoring and analytics market required to meet the goal will be worth $5 to $10billion by 2025, with year-on-year growth of 20 per cent.
Replacing a small, remote and nondescript building from the 1980s, the 13,000-square-foot environmental learning center is one of the first netzero energy buildings—certified by the International Living Future Institute —in the state, demonstrating netzero energy design is possible even in cold Minnesota winters.
DESCRIPTION: While 69% of focus companies have set commitments to achieve netzero emissions by 2050 or sooner, overall Benchmark finds companies have failed to show progress across key indicators, including disclosure of 1.5°C-aligned To reflect the pace of change required to limit global warming to 1.5°C SOURCE: Ceres.
Among those involved are nonprofits including Carbon Tracker, CarbonPlan, Hudson Carbon, OceanCarbon, RMI, WattTime and the Earthrise Alliance, and tech companies Bluesky Analytics and Hypervine. As a result, we can expect to see personal, political and business incentives tilt in favor of more action to combat climatechange.
billion) in assets, with a strong focus on responsible investment, including climate-focused and netzero-aligned equity and fixed income mandates. UK pension fund manager The Peoples Pension (TPP) announced the appointment of Amundi and Invesco to manage 28 billion (USD$35.5
Energy and sustainability enterprise resource planning software provider EnergyCAP announced today that it has acquired energy management analytics and monitoring platform Wattics. EnergyCAP and Wattics together become the ideal solution to support and validate the entire customer journey to net-zero.”.
As the lynchpin of the global economy, financial institutions not only carry a responsibility to help mitigate climatechange, they are also vulnerable to its financial risks. The SEC has recently recognized this in their proposed rule requiring financial institutions to report on climate risk in financial terms.
Thanks to the pandemic, ICAO changed the baseline of CORSIA to include only 2019’s emissions, as opposed to the original plan to use an average of the sector’s emissions during 2019 and 2020, which would have set the emissions cap much lower due to the 2020 downturn. Fuels rush in. And that’s just for voluntary offsets.
Climate management and accounting platform (CMAP) provider Persefoni announced today plans to launch the Persefoni Portfolio Analytics Suite, a new toolset of solutions and dashboards aimed at enabling financial institutions to track, manage and reduce the greenhouse gas emissions associated with their investment portfolios and financing activities.
The new appointments include Justin Wu as Co- Head of ClimateChange Asia Pacific, Milo Sjardin, as Managing Director, Head of ClimateAnalytics and Susannah Fitzherbert-Brockholes as Director, Sustainable Finance. HSBC set a target in 2020 to align its financed emissions to netzero by 2050.
We launched Illumina Connected Analytics , a secure genomics data platform to operationalize informatics and drive scientific insights. Illumina is currently working to apply these techniques to customer data both in BaseSpace Sequence Hub and Connected Analytics. SOURCE: Illumina.
Make no mistake, for high tech and every industry, netzero is a bottom-line issue. Gartner analysts said that by 2025, 40% of all manufacturing IT will own the responsibility of data modeling for sustainability and net-zero carbon targets. Tracking Product Lifetime CO2 Emissions.
And the UN projects that more than two-thirds of us will live in cities by 2050, the same year we need to achieve net-zero. After years of relentless focus on climatechange mitigation through decarbonization, creating resilience to the changes that are already upon us took centre stage at this year’s conference.
By collaborating with AI-focused partners, businesses can tap into advanced analytics that highlight public sentiment around sustainability, forecast regulatory shifts and optimize operational efficiencies in areas such as energy usage and resource management. This has helped to secure food systems and simultaneously reduce resource use.
Were seeing a growing commitment within the healthcare industry to accelerate decarbonization efforts to tackle climatechange. health sector companies, representing nearly 1,000 hospitals, have joined the White House/HHS Health Sector Climate Pledge to reduce greenhouse gas emissions 50% by 2030 and reach net-zero by 2050.
July 25, 2023 /3BL/ - A new report released today by the Ceres Accelerator for Sustainable Capital Markets and the California Department of Insurance reveals that insurance companies are pursuing a wide variety of strategies to manage the increasing risks associated with climatechange. Climate Risk Management in the U.S.
Ceres also welcomed the finalization of the Analytic Framework for Financial Stability Risk Identification, Assessment, and Response. These criteria, set forth in the Analytic Framework, will provide NBFIs facing potential designation with clear signals about risk reduction measures that may be needed to avoid federal supervision.
Global management consulting firm McKinsey & Company’s sustainability-focused platform McKinsey Sustainability and Moody’s financial intelligence and analytical tools unit Moody’s Analytics announced today the launch of a suite of solutions aimed at helping banks identify, measure, and act on climatechange-related risks and opportunities.
Methane is a primary component in natural gas and a contributor to climatechange. Why is reducing methane emissions so important to climatechange mitigation? This powerful warming effect causes experts to believe that cutting methane emissions is critical to mitigating climatechange.
The COP28 decision text, released Wednesday morning, included language about “transitioning away from fossil fuels in energy systems” and “reducing both consumption and production of fossil fuels in a just, orderly and equitable manner so as to achieve netzero by, or before, or around 2050 in keeping with the science”.The
Originally published in Bloomberg's 2023 Impact Report Structural and systemic shifts accompanying climatechange, such as resource scarcity, new technologies and regulations, pose business risks and offer opportunities to issuers and investors globally.
SYDNEY, AUSTRALIA, 29 MARCH 2022 : CIM, the world leading building analytics SaaS platform helping the Australian property industry achieve netzero emissions, has been contracted to provide analytics and systems monitoring for 16 buildings in Lendlease Investment Management’s Australian office portfolio.
Originally published on bloomberg.com NEW YORK, April 30, 2024 /3BL/ - Bloomberg today published its 2023 Impact Report , which outlines how the company continues to address climatechange through its operations, philanthropy and collaborations with partners and industry peers. said Michael R. Bloomberg, founder of Bloomberg L.P.
We feed data from every single device into our analytics platform to provide actionable insights in real-time. Colin presenting on our commitment to reaching netzero for greenhouse gas emissions by 2040. Get the insider’s track. He discussed the Cisco IT Sustainability Framework , and progress made so far.
This step, which doubles down on the pension fund’s climate investing plans for the next seven years, underpins the comprehensive strategy that CalPERS laid out for achieving its goal of cutting emissions from its portfolio investments to netzero by 2050 while assuring long-term financial results for its pensioners.
One Earth Climate Model generates targets across Scopes 1, 2 and 3 emissions. . Members of the UN-convened NetZero Asset Owners Alliance (NZAOA) are using a new data model to inform their portfolio decarbonisation targets and assessments of investee companies’ alignment with a 1.5°C C limit to climatechange. .
A deep digital divide is emerging in corporate approaches to sustainability, potentially undermining Australia’s journey to netzero, according to Lisa Zembrodt, principal and senior director of Sustainability Business for Schneider Electric. Companies should urgently develop and implement a netzero plan.”
Key barriers to the pursuit of climate strategies for small business owners included cost and a lack of information. For the study, Lloyds commissioned market research and data analytics firm YouGov to survey enterprises with fewer than 250 employees.
New findings on critical plant and equipment data usage within the UK’s hi-tech manufacturing industries have revealed slower-than-expected progress toward achieving sustainability and net-zero carbon reduction goals. The post FMJ: Report Finds Lack of Support for UK Hi-Tech Manufacturers in Achieving NetZero appeared first on CIM.
The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. We choose mathematically and analytically and concentrate on those communities on the wrong side of the poverty line.".
DESCRIPTION: Can Artificial Intelligence (AI) really be used to help us fight climatechange and build a more sustainable world? According to the US Environmental Protection Agency climatechange report 2019 , transportation alarmingly accounts for 29 percent of global greenhouse gas (GHG) emissions. SOURCE: Ericsson.
UK-based BT Pension Scheme Management (BTPSM) has created two new roles within its funding and fiduciary services team to help implement its 2035 netzero strategy. Nahar will lead BTPSM’s investment research team, focusing on top-down investment strategy, quantitative analytics and portfolio design.
New analysis released on 14 October by energy market analytics firm Aurora Energy Research attempts to address some of the quandaries presented by the effort to deliver a netzero energy system. It tackles questions such as: How much zero-carbon capacity such as renewables will be needed? 3GW of CCS.
and German companies now have a net-zero strategy, and 78% have allocated extra budget to sustainability and net-zero initiatives. 40% of operations managers want carbon targets included in their performance reviews, and many are passionate about climatechange action. Sphera survey finds 85% of U.K.,
The big stories of 2020 were not just about a pandemic, a reckoning on racial justice, an economic calamity and the ever-imminent rise of climatechange impacts. The company, an early partner with the Ellen MacArthur Foundation, has positioned water and carbon emissions as equally critical in the climate crisis. Elsa Wenzel.
That is why we believe redirecting our investments from purchasing carbon credits to taking more direct climate action here in Australia, will help consumers better understand how we are having more direct impact on climatechange.” The company has also set a goal to achieve netzero emissions by 2050.
The Bezos Earth Fund was founded in 2020, with a $10 billion philanthropic commitment from Amazon founder Jeff Bezos, aimed at funding scientists, activists, NGOs and others driving solutions to fight climatechange and protect nature. The fund has provided over 100 grants to date, allocating more than $1.6
Founded in 2005, Brazil-based Green Domus provides a range of services including lifecycle assessments, materiality assessments, sustainability measurement and performance and sectoral analytics projects, with a focus on delivering customized decarbonization plans based on feasible reduction targets that can also reduce clients’ costs.
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