This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024.
The post ImpactAlpha Open: Decarbonizingshipping +’US green bank’ funds flow appeared first on ImpactAlpha. Hi there, Agent of Impact! Welcome to ImpactAlpha Open, our free weekly newsletter to keep you in the loop and ahead of the curve in.
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
Singapore-based financial services group DBS announced today a series of 2030 sectoral decarbonization targets aimed at cutting the emissions footprint of the company’s finance and investment activities in key carbon-intensive sectors, in alignment with its 2050 net zero goal.
International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach net zero emissions across its financing activities by 2050.
A global challenge, a regional response As the world celebrates World Ocean Day 2024, Indonesia takes center stage for its pioneering efforts towards sustainable shipping. Within the Association of Southeast Asian Nations (ASEAN), a region heavily reliant on maritime trade, the need for sustainable shipping practices is particularly acute.
Shipping keeps the world moving; but what moves the ships? However, pressure is also mounting to address emissions from various “hard-to-decarbonize” sectors, such as shipping. The remainder of this article discusses how these trends intersect to help shipping companies that are considering riding the “hydrogen wave.”.
Netherlands-based bank ABN AMRO announced the publication of its climate strategy, setting out its plan of action to bring its portfolios in line with a scenario limiting global warming to 1.5°C, Along with the release of the climate strategy, ABN AMRO announced that it is joining the Net Zero Banking Alliance (NBZA).
But the carbon footprint of port operations and shipping is substantial, with shipping accounting for nearly 3% of global greenhouse gas emissions , according to the Organisation for Economic Co-operation and Development (OECD).
Paris-based international banking and investment group Crédit Agricole announced today that it will no longer finance new fossil fuel extraction projects, and will end financing of independent producers focused exclusively on exploration or production of oil and gas.
Global banking and financial services company HSBC announced today a new series of targets aimed at reducing the bank’s financed emissions in some of the heaviest-emitting sectors in its financing portfolio, including cement, iron, steel & aluminum, automotive and aviation.
Societe Generale is a founding member of the Net Zero Banking Alliance (NZBA) , a UN-convened coalition of banks dedicated to advancing global net zero goals through their financing activities. The target also envisions €400 billion in financing, including advisory, and €100 billion in sustainable bonds.
Logistics giant DHL Express announced today a new strategic partnership with UK-based international bank Standard Chartered to co-invest in Sustainable Aviation Fuel (SAF) through DHL’s GoGreen Plus service, enabling Standard Chartered to balance its upstream logistics emissions with carbon credits.
Billion from Pension Insurer Varma Fidelity International Launches New Sustainable Investing Framework to Meet New ESG Regulations Exec Moves ESG Book Appoints Justin Fitzpatrick as CEO SBTi Chief Luiz Amaral Resigns ING Appoints Cindy Jia as Head of Sustainable Finance, Americas
It’s an industry you can’t put on the internet; we will need shipping in the years to come, which means we have to ensure it is sustainable in the long term,” says Stephen Fewster, Global Head of Shipping Finance at Amsterdam-headquartered ING Bank. . Hydrogen has very low density, making it difficult to store on large ships.
For example, the Mission Possible Partnership gets leading heavy-industry companies, banks and governments to create investment-grade “net-zero” sector strategies in seven key areas of the global economy — aviation, shipping, trucks, chemicals, steel aluminum and cement. More than 200 companies and organizations are so far involved.
International banking and investment group Crédit Agricole announced the launch of Crédit Agricole Transitions & Énergies, a new business line aimed at coordinating and advancing the company’s energy transition actions and offerings.
Climate technology startup Electric Hydrogen (EH2) announced today it has raised $198 million in a financing round aimed at enabling it to scale its electrolyzer technology and demonstration projects to produce green hydrogen, supporting the decarbonization of global industries.
As a corporate professional focused on ESG, nature and decarbonization services, as well as the blue economy, I looked forward to gathering first-hand information that would help drive and contextualize this work. The Northern Sea Route is the shortest shipping route between the western part of Eurasia and the Asia-Pacific region.
Historically, some 40% of the raw materials entering the site do so by freight ships. In the summer of 2018, these were scraping bottom; cargo traffic was reduced to a trickle, and ships could be only partially laden. You’d expect a company so directly affected by climate change to be jumping on the decarbonization bandwagon.
In its Trade and Commodity Finance business, ING said that it is aiming to reduce the combined volume of oil and gas that it finance using the same 19% by 2030 target under its upstream commitment, and will be reaching out to experts and peer banks to co-develop a methodology for reduction targets based on volumes financed.
JPMorgan also introduced two new IEA NZE-aligned 2030 sector targets in its report, including a goal to reduce emissions intensity for aluminum production by 25%, and “tank-to-wake” emissions for the Shipping sector by 33%. Last year , the bank introduced NZE-aligned goals for the Aviation, Iron and Steel, and Cement sectors.
This lesson on the importance of actionable data did not go unnoticed for those of us working on industrial decarbonization. By early April, a consensus had emerged around the role of accurate data, even if it could not help contain a first wave of infections. If the European Union agrees on a border price for carbon, what should it be?
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on Sustainable Investment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
For companies in sectors in which there is a clear link between biodiversity and net zero strategies, companies are expected to assess impacts and dependencies, and for companies in sectors in which the transition could have direct social implications, LGIM will expect the incorporation of just transition factors in decarbonization strategies.
“Our partnership with Catalyst – and our new commitment with Infinium – exemplifies the novel collaboration necessary to bring to market the new technologies that will allow us to decarbonize.” About Infinium Infinium is an electrofuels provider on a mission to decarbonize the world.
With the World Bank, the World Trade Organization, and environmental groups all in agreement, he added, “getting rid of inefficient fossil fuel subsidies is now a common sense bottom line.” “The simple reality is that it’s no longer free to pollute in Canada,” Guilbeault told media Monday morning. “We
Global Food and Ingredients Growth rate: 102% Toronto-based, with a network of 500 farmers and four processing plants in Western Canada, Global Food and Ingredients is building a “farm to fork” producer of what it says are traceable, sustainable and plant-based food and dog-food products shipped to 37 countries.
Multiple initiatives have been launched: the UK Infrastructure Bank has been set up to prioritise investment in projects that tackle climate change, there are efforts to accelerate green finance, and green energy continues to receive subsidies to encourage construction and production of more renewable power.
This year's event built off the learning from the SDSN's Roadmap to 2050 A Manual for National to Decarbonize by Mid-Century report published in partnership with Fondazione Eni Enrico Mattei (FEEM). The event’s panels on the first day were focused on the decarbonization of the power, transport, industry, and buildings sectors.
Bank of America Industry: Banks Overall Rank: 1 As one of eight companies in its industry to make a Net-Zero commitment, Bank of America leads its industry on Resource Efficiency and Pollution Reduction. FedEx is also engaging with consumers and suppliers to offer carbon-neutral shipping and sustainable packaging options.
Our decarbonization targets imply a transition from an “expenditure” economy based on fossil fuels to an “investment” economy in clean energies. Overall, clean energy manufacturing competition is not zero-sum, it presents a global opportunity for growth. Materials and component supplies will be increasingly important.
Thomae sees some evidence of transition costs becoming more tangible to investors, such as the investment required to finally address methane flaring, as promised by the Oil and Gas Decarbonization Charter (OGDC), part of the GDA. The cost profile [of transition] is going to become centre stage,” he notes.
Decarbonized buildings. Today, he makes his living nudging others — namely corporate executives — toward a decarbonized sustainable future. As COVID came to dominate 2020, she helped donate more than 600,000 meals and 100,000 pounds of packaging to food banks. Mon, 05/17/2021 - 00:01. Planet-healing fast food.
This week in ESG news: Microsoft announces one of the largest-ever carbon removal deals; Amazon signs deal for low-carbon shipping; Bloomberg survey finds nearly all execs plan significant increase in ESG data investment; Nearly $2 billion raised for green steel buildout; Allianz to invest over $20 billion in cleantech, climate solutions; GRI aligns (..)
Million Exec Moves Caterpillar Appoints George Moubayed as Chief Sustainability Officer Reports, Surveys & Studies Climate Tech Investment Falls in Tough Market, But Hits Record Share of VC and PE Funding: PwC 80 Million Kilometers of Grid Investment Needed by 2040 to Meet Global Climate Goals: IEA
Moody’s commits to reaching Net Zero by 2040, disclosing a comprehensive decarbonization plan that highlights emissions reductions across all three scopes, in addition to continuing to offset the company’s lifetime carbon footprint. degree Science-Based Net Zero commitment. Insider has the details.
JPMorganChase has chosen to exit the Net-Zero Banking Alliance, ESG Today has confirmed, marking the latest in a rapid-fire series of departures from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities. The departure makes JPMorgan the last large-scale U.S.-based
And over additional 40 businesses have signed the World Green Building Council’s commitment to decarbonize the built environment across their portfolios and business activities. At COP26, focus turned to industrial decarbonization, with several key developments across the harder-to-abate sectors. . Business Ambition for 1.5°C
Across numerous global supply chains, in logistics for fulfillment and optimizing shipping routes, use of robotic AI systems has increased in popularity. In banking, AI powers automatic recognition systems to help prevent and mitigate fraud.
See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements Microsoft Signs One of the Largest-Ever Nature-Based Deals to Remove 1.5
Morgan Stanley, along with Bank of America and Citigroup, has agreed to deeper disclosure.) Amazon also created its own externally validated certification, Compact by Design , which will recognize products designed to require less packaging, which makes them more efficient to ship. . Accounting bigwigs suggest ‘universal’ ESG metrics.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content