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This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)
This lesson on the importance of actionable data did not go unnoticed for those of us working on industrial decarbonization. Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS) — a variety of methods can be used for carbon accounting (CDP accepts 64 of them).
The publication includes new targets for emissions reductions from financing carbon-intensive sectors including coal mining, cement and shipping, as well as new goals for emissions reporting from supply chain vendors and for energy consumption reductions in the bank’s own operations.
Companies restoring Texan forests and government plans for decarbonizingshipping are among this week’s net zero Signals of Change. Transport As countries gather in the UK at the International Maritime Organization meeting, new research has shown that emissions from shipping could be halved by 2030 without damaging trade.
T&L is among the top 10 emissions sources in most industries , according to research based on CDP reporting. We spoke at the 2022 Reuters Transform Supply Chains Conference, where I moderated a panel with Gavin and Patell on “Mobilizing Your Supply Chain to Scale Decarbonization Efforts.” Companies can’t stop moving cargo.
Restrictions, Brexit regulations, a ship stuck in the Suez Canal, extreme weather events and energy shortages impacted supply chains and prevented firms to meet their demand. Among several requirements, companies will need to reach deep decarbonization of 90-95% before 2050.
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
In addition to net-zero companies, there are also net-zero buildings , communities , products , farming , factories , supply-chains , even ships. Global net-zero commitments doubled in less than a year and commitments by companies more than tripled, rising from 500 at the end of 2019 to more than 1,500 by September. degrees C pathway.".
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
CDP to Integrate IFRS’ Climate Disclosure Standard. KKR Invests $400 Million in India-Based Industrial Decarbonization Platform Serentica Renewables. See below for the highlights of the past week, and get all your ESG news at ESG Today: Sustainability Goals, Initiatives and Achievements. ESG Services and Tools. Energy Transition.
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