ESG Today

DECEMBER 19, 2022

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, C, and supporting the transition to a net zero economy by 2050.

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ESG Today

NOVEMBER 16, 2023

JPMorgan Chase announced updates to its interim financed emissions reduction targets for three carbon-intensive sectors, including Oil & Gas, Electric Power and Auto Manufacturing, raising the ambition for each to align with pathways required to achieve net zero by 2050. million CO2e.

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ESG Today

MARCH 18, 2024

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.

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GreenBiz

AUGUST 13, 2020

Consider this: In April, Royal Dutch Shell, one of the largest companies in the world, announced its intent to become a net-zero carbon company by 2050. Tankers at anchor in the Houston Ship Channel started bumping into each other, but the oil kept flowing. . Is that possible? What happened? It turns out it’s not easy to stop.

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Corporate Knights

JANUARY 16, 2024

While many companies, particularly in the fossil fuel and banking sectors, resist any major departure from their lucrative business-as-usual path, the leaders are doubling down on sustainability. C, SBTi 6 15 Banco do Brasil SA Brasília, Brazil Banks $ 1,106,800 17% 9:1 50% 29% 0% A- 1.5°C, C, SBTi 67 39 HP Inc Palo Alto, U.S.

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Corporate Knights

JUNE 29, 2022

While high profits at a firm level can indicate economic vitality, at a national level it’s usually a sign of economic rot and oligopolistic market structures (five big banks, four big grocery stores, three big telcos, one big fertilizer company serving 36 million people). 15 8 Vancouver City Savings Credit Union Banks $1,202,835.00

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ESG Today

MARCH 4, 2025

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.

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Envirotec Magazine

FEBRUARY 5, 2020

Iain Gulland, chief executive of Zero Waste Scotland. It said Scotland’s net-zero target for 2045 was a significant step towards meeting the national pledge. It means reducing all our emissions to zero. But net-zero cannot be the end point. He added: “The need to move beyond net-zero is clear.

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3BL Media

SEPTEMBER 29, 2023

For financial institutions such as banks, insurance companies and investment managers, scope 3 emissions from supply chains and lending/investment portfolios are often more complex than for other industries. times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). trillion USD in fossil fuels.

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GreenBiz

JANUARY 25, 2021

We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action. How then to make the shift to a net-zero, nature-positive economy within the decade? We are now able to start reaping the early rewards of this harvest.

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Chris Hall

DECEMBER 20, 2023

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to net zero, even by those who acknowledged its multiple caveats.

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ESG Today

MARCH 3, 2023

Global financial services company Citi announced today new interim targets for financed emissions reductions in key carbon-intensive sectors, including auto manufacturing, commercial real estate, steel and thermal coal mining, forming part of the bank’s plan to achieve its 2050 net zero greenhouse gas (GHG) financing goal.

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ESG Today

NOVEMBER 22, 2024

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.

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ESG Today

FEBRUARY 23, 2023

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.

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ESG Today

SEPTEMBER 13, 2022

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.

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Chris Hall

NOVEMBER 9, 2022

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .

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Corporate Knights

JANUARY 25, 2023

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. It has publicly endorsed the Paris Agreement on climate change as well as the EU’s target of being net-zero by 2050.

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ESG Today

DECEMBER 15, 2023

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.

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Renewable Energy World

AUGUST 25, 2021

Shipping keeps the world moving; but what moves the ships? As part of the increasing global push to achieve net-zero greenhouse gas emissions by 2050, significant attention has been paid to the energy and power sectors. Hydrogen in Shipping. This pressure comes from a variety of sources.

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ESG Today

MARCH 19, 2024

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.

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3BL Media

DECEMBER 6, 2023

Less than a year since surpassing the previous 30% food waste reduction goal announced in its 2022 Sustainability Report, this performance signals continued momentum in the company’s efforts to shrink its food print – an important element in the company’s long-standing commitment to sustainable operations from ship to shore.

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ESG Today

JUNE 19, 2023

In additions to significantly growing its dial-movers list from 60 companies to 105, the expectations for those companies has been expanded to incorporate biodiversity risk and climate lobbying, in addition to net zero target setting and climate-related disclosure. C scenario. C scenario.

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ESG Today

JULY 10, 2022

Pfizer Announces 2040 Net Zero Commitment. MSC Cruises, Fincantieri to Launch World’s First Cruise Ships Utilizing Hydrogen Power. SLC Management Commits $139 Billion Portfolio to Net Zero by 2050. ECB Climate Stress Test: Banks are Overexposed, Underprepared for Climate Risk. Government & Regulators.

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ESG Today

MARCH 14, 2023

The new planned restrictions follows the bank’s announcement last year that it will no longer provide new dedicated upstream finance for oil and gas fields approved for development after the end of 2021. ING said that it aims to publish a target for Trade and Commodity Finance in 2024, aligned with the IEA Net Zero pathway.

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ESG Today

MARCH 14, 2023

The group filed a shareholder resolution last year asking the bank to clarify its fossil fuel financing strategy, and provide disclosures outlining its plans to reduce its exposure, along with disclosures on the company’s strategy to align with the Paris Agreement goal to limit global temperature increase to 1.5°C.

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ESG Today

DECEMBER 7, 2022

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.

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Chris Hall

DECEMBER 14, 2022

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.

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ESG Today

JUNE 11, 2023

This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S.

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Just Capital

APRIL 21, 2023

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. Degree Science-Based Target , Accenture is committed to reaching Net-Zero by 2025.

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Corporate Knights

OCTOBER 24, 2022

Agreeing to work collectively, the pact includes a commitment from each signatory to reduce greenhouse gas emissions to net-zero by 2050 and achieve a 50% reduction by 2030. And many of the major events and award shows are sponsored by Canada’s big banks, which are some of the largest investors in carbon-burning oil and gas projects.

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ESG Today

JUNE 30, 2022

Despite the fact that 90% of global emissions are now accounted for by net-zero targets post COP 26, global GHG emissions in 2030 are likely to be twice as high than that required to limit global temperature rise to 1.5°C. Green hydrogen has the capacity to reduce emissions of industry, aviation, and shipping. What can be done?

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3BL Media

NOVEMBER 28, 2022

Since 2011, Lola Snacks has given back to local community food banks by donating their healthy energy bars to support local anti-hunger organizations. This year, the company has committed to a goal of producing net zero waste without buying wind or solar offsets.

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Envirotec Magazine

JUNE 30, 2021

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.

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ESG Today

JUNE 22, 2022

The financing was led by Fifth Wall Climate Tech, with participation from S2G Ventures and lenders Silicon Valley Bank and Trinity Capital. Kara Hurst, Vice President for Worldwide Sustainability at Amazon, said: “Through our commitment to The Climate Pledge, Amazon has a goal to be net-zero carbon by 2040.

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Chris Hall

DECEMBER 16, 2022

Minimum requirements – Banks have had a bad press recently for their less than full-throated commitment to net zero. The responsible investment campaign group noted the limits of the policy, pointing out that HSBC is no better than other major European banks in respect of financing firms with oil and gas expansion plans.

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Chris Hall

JULY 7, 2023

This week, the Anglican church’s £3 billion AuM pension scheme announced it was quitting one of the two net zero groupings to which it belongs to better focus efforts to decarbonise its investment portfolio. Regulating the raters – Regulation of the ESG ratings sector has taken a number of steps forward recently.

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Corporate Knights

JULY 25, 2023

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

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