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With one of the largest supplychains in the IT industry, reducing upstream emissions benefits the value chain and the planet. In 2021, HP announced a range of ambitious climate action targets , including a commitment to be netzero by 2040 — a full decade ahead of the Paris Agreement. SOURCE: HP Inc.
DESCRIPTION: How does a global technology leader make progress toward that “Mars shot” of net-zero emissions? Lenovo is proud to be working with Science Based Targets initiative to establish goals that support our vision to reach net-zero by 2050. KEYWORDS: ADR:LNVGY, Lenovo, supplychain, Sustainability, net-zero.
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?
DESCRIPTION: STOCKHOLM, March 7, 2022, /3BL Media/ - The hygiene and health company Essity has been recognized as Supplier Engagement Leader by the global non-profit environmental organization CDP. KEYWORDS: Essity, STO: SCA-A, CDP, CDP Supplier Engagement Leader 2021. More information at www.essity.com.
SLB is among the 2024 Reuters Sustainability Awards finalists in the NetZero: SupplyChain Decarbonization category. The supplychain decarbonization category showcases sustainable supplychain practices and highlights how companies are managing and transforming their supplychain to reduce GHG emissions. Finalists
The company aspires to have its own carbon neutral supplychain by 2040 and recently extended its 100% renewable electricity target to all suppliers. . This effort aligns with Ørsted’s own net-zero by 2040 supplychain initiative - we understand firsthand that in the realm of decarbonization there are no competitors, only partners.
and net-zero through the Business Ambition for 1.5C campaign, an official partner of the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign. SBTi is a partnership between the UN Global Compact, CDP, World Resources Institute and World Wide Fund for Nature.
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., For more information, please visit manufacture2030.com.
DESCRIPTION: Decarbonising renewable energy supplychains is a challenge no company can solve by itself. We caught up with Van Oord, one of our strategic suppliers, to get their perspectives on supplychain decarbonisation. Read more at: [link]. In 2021, the group's revenue was DKK 77.7 billion (EUR 10.4
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 supplychain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
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.
DESCRIPTION: February 15, 2022 /3BL Media/ - AMD has again been recognized by CDP as a Supplier Engagement Leader for its actions to reduce emissions and manage climate risks in its global supplychain. Many congratulations to the 500+ companies earning a place on CDP's 2021 Supplier Engagement Leaderboard.
Leading companies explain how they can help your organization with carbon audits, net-zero roadmaps and other services. Learn more about the event here: [link]
Illumina received leadership score with an A- from CDP. On December 13, Illumina received an A- score from CDP, which runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. "We CDP defines top status as an A score. 2022 ESG Highlights. 2022 ESG Highlights.
HanesBrands Recognized for Sustainability Leadership, Earning A- Scores in Both Climate Change and Water Security From CDP. The A- score for water security is the highest HBI has received from CDP in that category. For more details about CDP and its scoring methodology, visit www.cdp.net. Thu, 01/12/2023 - 10:00. Press Release.
In September, five of the leading reporting groups (CDP, CDSB, GRI, IIRC and SASB) issued a statement of intent to work together to create a comprehensive global corporate reporting system and a mere two months later, IIRC and SASB announced an intent to merge to become the Value Reporting Foundation. .
Climate research provider and environmental disclosure platform CDP announced today the release of its company scores for 2022, including its annual “A List” of top performers. According to CDP, the organization raised the bar in 2022 on qualification for leadership status across the categories, with more stringent criteria such as 1.5°C-aligned
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.
CDP , a global non-profit that runs the world’s environmental disclosure system for companies, cities, states, and regions, recently licensed CDP data to CSRHub for integration into CSRHub’s consensus ESG ratings. CSRHub received data from CDP 2022 data set on more than 10,000 entities. CDP releases data once a year.
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.
With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Associate, Corporate Engagement at CDP.
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.
in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling water security. . Lenovo participates in CDP’s water security, climate change, and supplier engagement surveys. This is the fifth time Lenovo has disclosed its water stewardship to CDP. SOURCE: Lenovo.
Reduced inventory for six consecutive quarters , demonstrating that our supplychain optimization efforts are working as planned. Achieving a 78% response rate from priority suppliers for the 2022 CDPSupplyChain questionnaire, which improves visibility into their carbon footprint and reduction targets.
The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. Because we're Scope 3, it's got to be across your whole supplychain. Photo courtesy of PepsiCo. And it's flight by flight.
South Pole's 2022 NetZero Report revealed that one in four companies taking climate action are 'greenhushing', or choosing not to publicise their climate progress. Showing progress, celebrating achievements and acknowledging challenges is pivotal to reaching global netzero as quickly as possible.
Foxconn also announced in 2020 a goal to achieve netzero emissions by 2050. As the world’s largest electronics contract manufacturer, the new clean energy commitment could help support initiatives by a broad range of companies to address the climate impact of their supplychains. ”
Companies are making bold commitments to tackle critical sustainability issues within their supplychains and beyond. Where companies have traditionally focused on assuring the integrity of their supply through certification, they are increasingly also committing to broader targets such as restoration and netzero.
Microsoft’s record purchase of carbon removal credits, from 1PointFive, reflects the realisation that with AI data centres driving up its emissions, the company must do something – or risk missing its netzero target. Rank suppliers The main Scope 3 categories relate to the supplychain. High-level estimations will do.
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. Reducing emissions along the value chain Henkel is pursuing clear goals to reduce its carbon footprint in line with the Paris Climate Agreement.
And we’ve announced targets to achieve netzero emissions across our operations and value chain by 2045 and 100% renewable electricity across all Teva sites by 2035. We also received an A- Climate score and B Water score from CDP, a non-profit that helps companies disclose environmental impact.
This will create positively reinforcing ambition loops that can drive the scale required: the right government policies and incentives allow companies to decisively invest in net-zero solutions, which in turn gives governments confidence to step up ambition. . Deforestation must be removed from supplychains by 2025.
As climate becomes everyone’s responsibility, companies with significant Scope 3 emissions from soft commodities in their supplychains must account for and mitigate these climate impacts. Leading companies have been working for years to mitigate deforestation risk in their supplychains. How to Prepare.
Will Jenkins, Director at Carbon Intelligence , which helps corporates identify, manage and mitigate carbon emissions across their operations, says the IPCC has once again laid bare the importance of achieving netzero. However, “existing legal and regulatory frameworks remain in the way” of achieving some netzero ambitions, he adds.
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.
Energy consumption, the associated GHG emissions, and net-zero targets are identified as significant environmental aspects and impacts for Lenovo. Each major business unit and function is required to identify risks and assess their impacts on Lenovos strategy execution, then develop mitigation plans for select identified risks.
Getting there holds the potential to positively impact the lives of millions of people across supplychains and local communities, as well as the employees working to make it happen.”. Mads Nipper continued: “However, this won't come automatically. Read more on each priority in the report: Green energy for the planet and its people.
There was a noticeable shift from organizations vocalizing aspirational commitments to focusing on a holistic action plan to achieve netzero. Whether used for traceability and transparency in supplychains, or to improve energy efficiency, AI was lauded by many as a silver bullet in addressing several ESG-related issues.
All companies will need to work with and support the small and medium-sized enterprises (SMEs) in their supplychain – and the SME Climate Hub can help them do it. If bigger businesses fail to build resilience in their supplychains by supporting SMEs to decarbonize, the long term economic and climatic consequences will be severe.
This emphasizes that people-centered climate action is essential to ensure social cohesion and increase the societal buy-in required for an accelerated and sustainable transition to a net-zero economy — within planetary boundaries and at a pace aligned with science. C-aligned, ambitious, equitable, and social-justice centered.
While most companies have implemented carbon footprint reduction programs in their factories, buildings and fleets, not many have yet mastered how to tackle the emissions of their supplychains. According to CDP 2021 supplychain report , upstream emissions are 11.4 Reason 2: reduce risks.
In November 2020, we announced 11 ESG goals , including net-zero greenhouse gas (GHG) emissions by 2050 and, as an interim target, reducing GHG emissions intensity from our operations 35% by 2030. “We Sustainability is central to how we do business at Enbridge, and sustainability ratings agencies continue to notice.
This newfound perception of supplychain risk as inseparable from a broader array of sustainability challenges and opportunities is, in Heinzmann’s analysis, one of the most significant legacies of the pandemic, and it is a dynamic that he expects to continue shaping procurement and sustainability programs in the long-term.
Most large company carbon emissions come from their supplychains and the SMEs in them. Supplychain emissions are on average 11 times higher than those produced by a corporation’s own direct activity, according to CDP.
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