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Originally published on Essity Newsroom The hygiene and health company Essity has been awarded a place on the global non-profit environmental organization CDP's "A List" for its leadership in corporate transparency and performance on climate. For CDP forest, Essity has been awarded an A-.
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?
million over ESG investing claims; IAASB releases first sustainability reporting assurance standards; EU lawmakers delay supply chain deforestation law; Shell wins appeal against landmark climate ruling; CDP strengthens alignment of sustainability reporting platform with GRI, EU standards; IKEA invests $1.6
November 17, 2023 /3BL/ - Ceres welcomes two important new resources for private equity investors to help them evaluate and communicate the progress their portfolio companies are making towards netzero.
November 5, 2024 /3BL/ - The Clorox Company (NYSE: CLX) announced a strategic partnership with Manufacture 2030, or M2030, to help Clorox's suppliers meet their carbon reduction targets and advance the company's long-term goal of reaching net-zero emissions by 2050. OAKLAND, Calif.,
That is why SAP has committed to achieve net-zero emissions across our value chain by 2030. Central to this effort has been a continuous effort to decarbonize our business. What Does NetZero Mean? There are a number of definitions of netzero and how companies can achieve it.
The NetZero goal, i.e. reduction of greenhouse gas emissions and the subsequent removal of residual emissions to as close to zero as possible along the entire value chain , is at the heart of the European Green Deal and considered crucial to limiting global warming to well below 2°C in line with the Paris Agreement.
SLB is among the 2024 Reuters Sustainability Awards finalists in the NetZero: Supply Chain Decarbonization category. The supply chain decarbonization category showcases sustainable supply chain practices and highlights how companies are managing and transforming their supply chain to reduce GHG emissions.
Billion to Climate Investment Strategies Franklin Templeton Launches Enhanced ESG, Reduced Carbon Footprint S&P 500 and World ETFs Robeco Launches Tool for Investors to Find Biodiversity Leaders and Underperformers
After all, through their product offerings, lending activities and client engagement, financial institutions can play a key role in influencing the transformation necessary for a net-zero emissions economy. What we have given the market is an ambition that our total financing by 2050 will be netzero.
More than 290 asset managers, representing over $66 trillion in assets under management have joined the NetZero Asset Managers (NZAM) initiative, committing to transition their investment portfolios over time to be in line with achieving netzero greenhouse gas (GHG) emissions by 2050, according to a new update report released by the group.
Since engaging in Ørsted’s supplier decarbonization programme, Van Oord has begun developing a similar programme for its own suppliers, demonstrating a clear commitment to driving change. Ørsted is the only energy company in the world with a science-based net-zero emissions target as validated by the Science Based Targets initiative (SBTi).
This week in ESG news: SBTi publishes first draft of new corporate netzero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back netzero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)
Canada is making strides to address climate change, pledging ambitious commitments to accelerate a path towards a safe and prosperous net-zero future by 2050. But achieving a net-zero future requires every sector of the economy play a role, not just government. Be selective with suppliers. According to the?
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.”
Accuvio , an accredited CDP reporting partner, hails from the U.K. If companies with net-zero goals have any hope of making those targets, the metrics need to be part of core business IT systems — and the carbon accounting software for supporting that progression is finally starting to emerge. . Decarbonization.
DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climate change and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. C without nature.
A Decarbonization Journey With Neiman Marcus Group. Despite these constraints, some retailers are finding ways to manage company growth and start down a path of decarbonization. Despite these constraints, some retailers are finding ways to manage company growth and start down a path of decarbonization. Tue, 01/10/2023 - 12:00.
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.
C-Aligned Climate Transition Plans Jumps 44% in a Year: CDP C-aligned climate transition plans; BNP Paribas AM requires portfolio companies to integrate climate component into executive compensation, and more.
NetZero by 2040 SEE has committed to achieving net-zero carbon dioxide emissions by 2040 across its operations (Scopes 1 and 2). Since the development of our net-zero road map in 2021, SEE has initiated five sustainability workstreams with clear objectives that are designed to achieve our ambitious commitment.
Companies should not question weather to create a climate target, but rather, determine how quickly they can implement their decarbonization pledge to reduce their direct Scope 1 and Scope 2 emissions and Scope 3 value chain emissions. Only 1% of companies disclosed on all 24 of the CDP’s climate transition plan indicators.
federal government to achieve netzero emissions by 2050, and including a target to cut emissions from federal procurement to netzero by that date. government is the world’s largest buyer of goods and services, with purchases reaching $630 billion last year.
C ambition needed to avoid the most significant effects of global warming, according to a new study released today by climate research provider and environmental disclosure platform CDP, and management consulting firm Oliver Wyman. C decarbonization pathway. Click here to access the CDP & Oliver Wyman report. C since 2021.
The Barron’s accolade follows CBRE’s achieving an A- performance score from CDP on its 2023 climate change disclosure. CDP’s annual climate change disclosure and scoring process is recognized as the global standard of corporate transparency on climate impacts, risks and opportunities. About CBRE Group, Inc.
trillion annually required to reach netzero emissions by 2050, and adds that policies to date have focused primarily on developed markets, while emerging markets and developing economies (EMDEs) are still facing significant underinvestment. trillion in 2023, but notes that this still falls short of the estimated $4.8
This effort aligns with Ørsted’s own net-zero by 2040 supply chain initiative - we understand firsthand that in the realm of decarbonization there are no competitors, only partners. We applaud these companies for coming together to find common ground and develop solutions that will have industry-leading impact. billion (EUR 10.4
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.
Having long focused on the risks climate change poses to the profitability and longevity of financial activities, financial institutions and private equity must now shift focus on their climate impact through their investment and lending activities, while leveraging their economic influence to facilitate decarbonization.
CDP (Carbon Disclosure Project) CDP questionnaires are widely used by institutional investors and companies to evaluate a company's climate preparedness. It includes aggressive decarbonization through rapid deployment of renewables, electrification of transport, and energy efficiency improvements. degrees Celsius by 2100.
The program aims to advance decarbonization along the value chain through the collection of emissions data, jointly defined actions for reduction and continuous upskilling. Suppliers can also export relevant data for the Carbon Disclosure Project (CDP), a global disclosure system to manage environmental data, which many companies have joined.
Signals of change in the netzero transition this week include a major industrial decarbonization project in Germany and carbon-capturing tequila in Mexico. CLG UK has shared a new policy brief setting out seven key areas the country must prioritize in the netzero transition.
It was inspiring to meet with other “first movers and doers”, like Liane Randolph from California, and hear from Sandra Ojiambo from the UN who reinforced that focused collaboration will advance decarbonization around the world. Our team embraces the challenge to decarbonize some of the most complex engineering processes in the world.
Signals of change in the netzero transition this week include the passing of key climate legislation in Australia and the EU. NetZero Economy EU legislators reached an agreement on new climate legislation this week to double the share of renewables in the bloc’s electricity mix by 2030.
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 (..)
See our TCFD index for references to our CDP response and portions of this report on how we address the eleven recommendations of TCFD. The identification of emerging climate risks is informed by external scans of megatrends, consultancy and industry reports, peer CDP disclosures, TCFD reports, annual reports and 10-Ks.
Trane Technologies is uniquely positioned to lead the movement to tackle climate change and empower its customers to decarbonize. Since then, the company’s ambitions and actions have grown, with significant progress toward its bold 2030 Sustainability Commitments and 2050 Net-Zero carbon target.
Founded in 2015, SBTi was formed as a collaboration between CDP, World Resources Institute (WRI), the World Wide Fund for Nature (WWF), and the United Nations Global Compact (UNGC), with the goal to establish science-based environmental target setting as a standard corporate practice.
We aim to reduce the company’s global scope 1 and 2 emissions by 50% by 2032, and achieve netzero scope 1, 2 and 3 emissions by 2050, in line with the Paris Agreement 1.5°C SCOPE 3 GREENHOUSE GAS EMISSIONS: INDIRECT EMISSIONS Scope 3 emissions are included in Veolia Group’s global commitment to netzero emissions by 2050.
The new index, CAC SBT 1.5°, was launched with the support of asset manager Amundi, climate research provider and environmental disclosure platform CDP and SBTi.
Join thousands of companies seizing the opportunities of climate action for a netzero, 1.5°C-aligned As customers demand greener products and services, investors seek out the next big climate solution, and governments legislate to cut emissions, companies know they need to decarbonize, and fast.
Supply chain finance plays a key role in unlocking investments towards decarbonization tech and making climate action more accessible to small and medium enterprises (SMEs). Private financial institutions from across the globe used the opportunity of COP26 to form a new coalition called the Glasgow Financial Alliance for NetZero (GFANZ).
In hopes to build on the concepts raised in our NetZero on Campus Guide , we share this reflection written by one of our colleagues. The NetZero on Campus Guide is well intentioned and has many valuable suggestions. However, it allows universities to avoid real change or reform.
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