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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.
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.
by Colin Browne, CEO, Cascale As we close the book on 2024, I want to start by celebrating the progress weve made together. Instead of supporting their supply chains in setting meaningful decarbonization goals, too many brands are pushing this responsibility onto manufacturers, creating conflicting and burdensome requirements.
Sustainable aviation fuel (SAF) provider SkyNRG announced today the launch of Project Runway, a new Book & Claim initiative aimed at enabling companies and airlines to address their carbon footprints by accessing SAF, and supporting the growth of the SAF market.
Originally published in American Airlines' 2023 Sustainability Report Sustainable Aviation Fuel The clearest near-term way to decarbonize aviation based on current technological developments is by transitioning to sustainable aviation fuel (SAF). See page 19 to read about our innovative agreement with Infinium.)
Two mutually reinforcing enablers—a standardized book-and-claim framework and a green supply-chain coalition—can accelerate decarbonization in the transport sector.
A new angel fund dedicated to decarbonization (18:50). Ramez Naam, futurist and board member for Seattle-based angel investor network E8 , chats about the new Decarbon-8 fund and why seeking racially diverse founders will be a priority. How sustainability professionals can uplift the black community. Funding biodiversity (31:14).
With Google’s online mapping function, commuters could plot the best way to get from A to B and then, through the app, procure or book the transportation modes that fit the route and the users’ preferences. Reprinted with permission from Dream States: Smart Cities, Technology and the Pursuit of Urban Utopias (Coach House Books, 2022). .
From September to November 2024, the program reached 140 students with interactive sessions on sustainability, decarbonization, and human resources. Over four editions, the program published 1,400 books featuring stories written by employees and their families. Similarly, in Peru, DP Worlds EcoCuentos initiative took a creative twist.
Enlightenment Now is Steven Pinker’s latest book. Pinker was named one of Time Magazine’s 100 most influential people in the world in 2004 and his books are regularly featured in the best-selling lists. . I have to admit that I did not finish this book. Image credits: book cover and Flickr, bongonian.
Available now, Legal Pathways to Deep Decarbonization in the United States provides a “legal playbook” for deep decarbonization in the United States, identifying well over 1,000 legal options for enabling the United States to address one of the greatest problems facing this country and the rest of humanity. Gerrard and John C.
A study published in the journal Nature found that Canada alone will face $100 billion in stranded assets by 2036, representing 35% of the book value of oil and gas properties for all oil and gas issuers listed on the Toronto Stock Exchange.
Coverage also often can be delineated by sectors, such as BNP Paribas’s decision to prioritize decarbonization within its power portfolio, or ING’s inclusion of nine sectors in its annual Terra Report. Barclays’ accounting additionally covers the capital markets activity it supports.
In this segment, the Right to Repair movement advocate discusses her new book, "Fixation: How to have stuff without breaking the planet." Missing pieces of decarbonization. Sandra Goldmark, is a theater design artisan and founder of social enterprise Fixup , which runs repair and reuse events. Read an excerpt here.
The bank has a rapidly growing green loan book and has provided just under $40 billion in renewable-energy financing since 2019. >>Access The road to decarbonization and a more inclusive economy will become bumpier in the coming years given the current political backlash.
Read on to learn how EPDs can become building blocks of an actionable decarbonization strategy within the context of today’s evolving financial and regulatory landscape. Download the e-book. The post EPDs as Building Blocks of the Decarbonization Strategy appeared first on Sphera.
This week in ESG news: EU lawmakers agree to delay sustainability reporting standards for specific sectors, non-EU companies; HSBC launches net zero transition plan; BlackRock invests $500 million in clean energy infrastructure developer; GRI launches biodiversity reporting standard; Capgemini survey finds most business leaders plan to increase sustainability (..)
Deutsche Bank Ties Senior Exec Compensation to Loan BookDecarbonization Goals Private Equity & Venture Capital Carbon Accounting and Management Startup Greenly Raises $52 Million Fullerton Fund Management Raises $100 Million for Decarbonization Opportunities-Focused Private Equity Fund KKR Acquires Majority Stake in U.S.
Decarbonization-focused consultancy and carbon project developer and solutions provider South Pole announced today the appointment of Daniel Klier as its new Chief Executive Officer. Klier joins South Pole from sustainability data and technology platform ESG Book, where he currently serves as CEO.
Launched in 2021 , the roadmap includes a series of decarbonization and environmental sustainability commitments encompassing the introduction of more ambitious climate targets and linking executive compensation to ESG goals. Scaling the use of sustainable aviation fuels forms a significant part of DHL’s Sustainability Roadmap.
This week in ESG news: SEC chief says investors want supply chain emissions reporting to manage climate transition risk; survey finds over 80% of companies plan to increase sustainability spend next year; Apple & Nike launch supply chain decarbonization initiative; Porsche to use green steel in cars; KPMG launches decarbonization hub in Canada; (..)
Further, the company continues to address the challenges presented by climate change as it works toward a goal of carbon neutral global operations by 2040, guided by our strategy: decarbonize whats possible, co-create with purpose, and neutralize whats left.
Apple to Track Suppliers’ Emissions, Targeting a Decarbonized Supply Chain by 2030. RBC Sets Goals to Reduce Emissions in Loan Book. Triodos Commits to Reduce Emissions in Loan Book and Investments 32% by 2030. Amazon Facility on Track to be First Ever Zero Carbon Certified Fulfillment Center.
Launched in 2018 by co-founders Mirko Schedlbauer and Tobias Bohnhoff, Hamburg, Germany-based shipzero helps shippers, logistics service providers and carriers to manage and reduce transport emissions, to support progress towards decarbonizing supply chains.
As demand continues to rise, we expect this additional capital will power our loan bookings volume into 2024 and enable SunPower to increase access to the benefits of solar for more homeowners.” Avi Korn, Managing Director at KKR, added: “Residential solar is a key area of focus for our Asset-Based Finance business.
Sustainable Finance Ericsson Issues Inaugural €500 Million Green Bond to Fund Network Energy Efficiency Initiatives Private Equity & Venture Capital Sustainable Building Tech Startup Vizcab Raises $5.5
The FEL forms part of the EU’s RefeulEU Aviation regulations , adopted last year and aimed at decarbonizing aviation. Under the initiative, passengers will be able to see standardized information on the carbon footprint of flights in the EU when booking trips online.
Just a year ago, Mark Carney inspired optimism among climate finance campaigners by founding a new alliance of banks and other financial institutions that pledged to decarbonize their portfolios. All are among the top 12 fossil fuel banks in the world. It is disappointing that GFANZ is quiet quitting the Race to Zero.
This week in ESG news: IBM study shatters “myth” that ESG harms profitability; PwC boosts nature and biodiversity capabilities; Starbucks certifies 3,500 environmentally sustainable stores; Hong Kong to require all issuers to report on climate; EU lawmakers adopt rules tackling deforestation in supply chains; Schneider Electric launches (..)
Launched last year with 1 million gallons of SAF on the blockchain-powered Avelia platform, the program utilizes a book-and-claim model, enabling business travelers to pay for SAF and claim the environmental benefits, even if the SAF is not available at their departure airport.
Truck Builder Scania Sets 2030 Goal to Decarbonize Supply Chain. Volvo, Rio Tinto Announce Low Carbon Materials and Decarbonization-Focused Partnership. McKinsey, Microsoft Partner on End-to-End Decarbonization Solution. DBS Sets Decarbonization Targets for Lending Book in Key Emissions Intensive Sectors.
Founded in 1998, Boston-based World Energy specializes in the production of sustainable aviation fuel (SAF), clean hydrogen, advanced biofuels, and decarbonization services. The transaction is digitally tracked and third-party verified through a Book & Claim chain of custody ledger system.
The meeting objective was to provide a forum for network members to share ongoing climate and energy projects within the US and to discuss opportunities to collaborate on drafting a nationwide decarbonization policy framework with local, state, regional, and national dimensions.
But implementing alternative technologies on a large scale and truly decarbonizing our atmosphere to prevent further climate change will take more than scientific expertise and technical skill. The astounding aspect of green energy technology is the fact that it all exists today, most of it has been around for decades. All rights reserved.
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
This week in ESG news: EU adopts new law against greenwashing; Walmart reaches 1 billion ton supply chain emissions reduction milestone; S&P forecasts $1 trillion sustainable bond market in 2024; Airbus, TotalEnergies launch sustainable aviation fuel partnership; Verizon invests $1 billion in renewable energy; EU lawmakers agree to certification (..)
Additionally, Accenture venture arm Accenture Ventures recently announced a strategic investment in ESG measurement platform PulsESG, and as well as an investment last year in ESG data platform Arabesque S-Ray (now ESG Book ).
Sustainable aviation fuel is seen as one of the key tools to help decarbonize the aviation industry, which currently accounts for 2-3% of global greenhouse gas (GHG) emissions. That’s the only way we can actually decarbonize aviation.”
The company’s solutions are targeted at industrial decarbonization activities in areas such as hydrogen, pulp and paper, lime, cement, steel, aluminum, and chemicals, and the technology can also be used for Direct Air Capture (DAC) solutions.
From an emissions standpoint, Climate Week 2020 may go in the books as the greenest of all time. . Signatories agree to implement decarbonization strategies in line with the Paris Agreement. Sessions and panels were virtual. There were no breakfast buffets. People presumably drank alone instead of mingling at happy hours.
The capacity for the first phase has already been fully booked by customers in Norway and Continental Europe. This will bring a strong contribution to the decarbonization of European industry.” Supported by the Norwegian government, the now completed first phase of the Northern Lights project has a capacity to transport and store 1.5
Our commitment to ESG impacts every part of the business, including our Diversification, Decarbonization and Digitization strategy. We believe this strategy will not only enhance our ESG efforts but will also allow us to play a critical role in supporting our customers build a better tomorrow,” he added.
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