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Etsy takes aim at shipping and packaging in setting 2030 net-zero goal. For Etsy, the e-commerce marketplace known for handmade items like jewelry, art and apparel, Scope 3 emissions make up 99 percent of the company's carbon footprint. I know many companies have different definitions of net-zero. Deonna Anderson.
HSBC is latest bank to pledge net-zero financed emissions by mid-century. 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. Cecilia Keating.
In November 2021, we were proud to publicly announce our goal to achieve net-zero global emissions across our value chain by 2040, joining more than 2,000 businesses around the world committed to the Science Based Targets initiative (SBTi). What does it mean to achieve net-zero? Why 2040 vs 2050? Why set interim goals?
Amazon's plans to decarbonize its shipping supply chain isn't just focused on electrifying its delivery vans. The move shows the efforts that Amazon is willing to go to eke out carbon emissions across its vast network of planes, vehicles and distribution centers that deliver on-demand goods across the globe. Katie Fehrenbacher.
Over the last decade and a half, a standard form has emerged in which governments and corporations have made their promise to do so: the net-zero target. As a strategy, the net-zero target has been criticized by climate advocates; at its worst, it can be a vague, unenforceable greenwashing program.
GRN Steel Delivers a Net-ZeroCarbon Emissions Solution Our GRN Steel product line offers some of the lowest carbon emission steel in the world. As global carbon reduction commitments continue to expand to consider the full lifecycle of end products, GRN Steel delivers an important pathway to decarbonizing supply chains.
Along the way, I’ve spoken with airline consultants, fuel producers, carbonoffset experts and industry critics, as well as with Shell executives, to understand the technologies and market drivers that could, over time, enable aviation to align with other industries in meeting the terms of the 2015 Paris climate agreement.
In the climate world, aviation is referred to as a hard-to-abate sector, alongside other heavy industries — shipping, aluminum, cement and concrete, among others — that aren’t easy to decarbonize through redesign or electrification. body, set a course for airlines to offset emissions of international flights above a 2019-20 baseline.
In order to avoid the worst impacts of global warming, scientists agree that the world needs to reach net-zero greenhouse gas emissions by midcentury. The idea is that if everyone aims for net-zero by 2050 and comes reasonably close to achieving it, the world will be spared a climate nightmare.
Macquarie Group’s Commodities and Global Markets division announced today an investment in carbonoffset project-focused consultancy Ecological CarbonOffset Partners (EP Carbon), in a move aimed at supporting EP Carbon’s expansion and advancing Macquarie’s voluntary carbonoffsets business.
The University Action to Achieve NetZero panel at ICSD 2023 was moderated by John Thwaites, and included Tim Carter, Dano Weisbord, and Kendra Wasiluk. They discussed steps on the path to university decarbonization, as well as key barriers and enablers. Having that roadmap set out is what you need to do,” she said.
Scientists across the world agree that carbon removal coupled with strategies such as emissions reduction and carbonoffsetting are necessary to keep global warming within manageable limits. . Puro.earth supports this initiative by gathering suppliers that remove carbon from the atmosphere using various methods.
The publication of the letter follows an announcement from the SBTi in April of its plans to allow the use of EACs in its anticipated update of its Corporate NetZero Standard. The SBTi was founded in 2015 with the goal to establish science-based environmental target setting as a standard corporate practice.
The pathways shown remain the most current forecast of our route to netzero; carbonoffsets and credits are still estimated to represent about one-quarter of our net-zero strategy. As an example, in 2022, in Illinois, we secured a zeroemission source for our operations throughout that state.
The funds will allow us to sustain our pace of innovation and expand our ratings coverage to compliance carbon markets. The funding round was led by Temasek-owned decarbonization solutions-focused investment platform GenZero, with participation from the Japan Airlines and Translink Innovation Fund.
Marketing services provider HH Global announced today a series of climate targets aimed at aligning its netzero emissions goal with science-based standards. Since that time, many companies’ netzero commitments have come under increased scrutiny as relying too heavily on carbonoffsetting as opposed to absolute emissions reductions.
Trade group with oversight on “the cornerstone material for a net-zero future ” sets out “ambitious plans” to reach netzero in Scope 1 and 2 emissions by 2050, and significantly cut Scope 3 emissions. Estimates as to how much copper will be required for the energy transition appear to vary widely.
JetBlue’s most aggressive near-term emissions reduction target to-date, this science-based target aligns with the goals of the Paris Agreement and the growing airline’s own goal to reach netzerocarbon emissions by 2040 – 10 years ahead of broader airline industry targets. Charting a path to netzero.
Australia-based telecommunications and information services company Telstra announced today that it will no longer be using carbon credits to offset its operational carbon emissions, shifting focus instead to investments in decarbonization projects to reduce its direct emissions footprint.
Meanwhile, financial firms and consumer brands will factor in energy companies’ ESG goals when it comes to calculating their own greenhouse gas emissions, net-zero commitments, and decarbonization and energy transition plans. Some have publicly set targets for net-zero emissions. The great energy transition.
With 37% of global CO2 emissions coming from buildings, it is crucial that buildings are decarbonized in the race to meet science-based climate targets. The most significant opportunity to accelerate carbon reduction in the building sector is to retrofit existing buildings. It’s the fastest path decarbonizing buildings.
The organizations’ key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.
A group of carbon market and removal-focused organizations* announced the publication of an open letter to the NetZero Asset Owners Alliance (NZAOA), calling on the investor group to affirm its support for carbon removal technologies, after disallowing their use in its members’ climate goals.
Signals of change in the netzero transition this week show businesses advocating for strong climate policy in the finance, transport and land sectors. And a consortium of major businesses including Coca-Cola, DPD and Diageo have set up an updated initiative focused on the decarbonization of heavy goods vehicles (HGVs) across Europe.
DESCRIPTION: Businesses are stepping up for the planet, investing in sustainable solutions and working towards decarbonization faster than any other period. Demand for carbonoffsets is at an all-time high. They are moving towards decarbonization in creative and unique ways while offsetting what can’t be mitigated.
Set net-zero by 2050 goals at three private markets funds that are currently being raised. 4th webinar presented, focusing on what carbonoffsets can – and can’t – do as part of our Climate Action webinar series. 1st Climate Action Report published, in line with TCFD recommendations. 1 As of December 31, 2021.
Sustainability advisory firm ERM announced today the launch of ERM Climate Markets, a new business aimed at helping companies investing in carbon credits to address their unabated greenhouse gas emissions and achieve decarbonization goals.
We actively monitor various options to reduce the carbon intensity of our operations and the electricity we provide to our customers. Ultimately, I believe that our technology-agnostic approach to decarbonization will ensure that we have access to the lowest-cost solutions when they are economic at scale.
Climate neutrality is the concept of achieving netzero greenhouse gas emissions by balancing the emissions human sources release into the Earth’s atmosphere with the amount the planet naturally absorbs in emission “sinks,” like forests and oceans, via a process called sequestration. Your business can help.
NetZero Marketplace brings together carbon credit project providers, buyers, & third-party raters. Salesforce announced that several third-party ratings companies have joined NetZero Marketplace as inaugural partners, including Calyx Global and Sylvera.
To reach net-zero global operational GHG emissions for Scopes 1, 2 and 3 by 2040. Specifically, adding on to our existing 2025 greenhouse gas reduction goal, we set three new ambitious, long-term targets: To reduce absolute Scope 1 and 2 GHG emissions by 50% by 2030 from 2020 base year.
By: Clare Adelgren, EY Global Head of Blockchain Sales and Operations As companies globally accelerate their decarbonization journeys, scope 3 emissions—which include all indirect emissions originating from organizations’ upstream and downstream activities such as supply chain—present a significant challenge.
Investment data and research provider MSCI announced today the launch of MSCI Carbon Project Ratings, aimed at enabling carbon market participants including buyers, investors, and developers to assess the quality and integrity of carbon projects.
Energy and automation digital solutions provider Schneider Electric announced the acquisition of climate consulting and netzero solutions provider EcoAct. Companies understand the urgency to act but continue to face complexities when it comes to decarbonization.
Originally published in American Airlines' 2023 Sustainability Report Voluntary Carbon Markets Aviation is regarded as one of the sectors that is hardest to abate in terms of climate impact. American also partners with Cool Effect, a leading nonprofit provider of carbonoffsets, to give our customers the opportunity to purchase offsets.
Xpansiv provides infrastructure enabling market participants to value and exchange environmental commodities such as carbon, energy and water, and provides market data for voluntary carbonoffsets, renewable energy credits (RECs), and low-carbon fuels.
Coal projects and new oil and gas projects would be excluded from the transition label, and companies would not be able to rely on carbonoffsets to count against their emissions. “Projects must have well-defined lifespans that are approximately proportionate to the expected decline in global demand,” the report says.
For the report, the latest edition of the MSCI Net-Zero Tracker, MSCI assessed the climate change progress of companies within the MSCI All Country World Investable Market Index (ACWI IMI), and included data from its “Implied Temperature Rise” metric. gigatonnes of CO2e projected by public companies this year, unchanged from 2022.
SB 253: Climate Corporate Data Accountability Act The common phrase in the GHG accounting world “you can't measure what you can't track" underlines the fact that decarbonization action starts with GHG emissions accounting. In this article, we'll summarize each new law as well as outline the likely impact on businesses.
Thanks to converging forces — including supportive policies, dropping battery costs and aggressive climate goals — transportation leaders at large and small organizations are increasingly turning to new zero-emission and low-carbon options that decarbonize fleets and in some cases save money.
However, a major sticking point for corporations as they look to invest in carbon credits, is seeking out the highest-quality credits focused on pricing transparency, backed by science, and rooted in integrity. ??High High quality carbon credits can play a critical role in accelerating the transition to NetZero.
One of the key changes to the directive proposed by Council’s position relates to the use of offsetting through carbon credits in making climate-related claims, such as “carbon neutral,” or “netzero.”
The technology provides third party validation for companies seeking to decarbonize their agricultural supply chain or offset emissions using voluntary carbon markets. We believe that Yard Stick’s technology offers a level of rigour and accessibility that has been previously unseen in this market.”
Qantas said that it is financing its investment through its Climate Fund, a A$400 million fund set up last year, aimed at investing in solutions enabling the company to decarbonize.
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