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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.
DESCRIPTION: On the heels of COP26, investors are not only thinking about the climate-related risks of companies within their portfolios, but they are also considering whether to make new investments or maintain existing investments in high-emitting companies or countries going forward. Engaging for NetZero.
DESCRIPTION: PARIS and SHARM EL-SHEIKH, Egypt, November 10, 2022 /3BL Media/ — The Consumer Goods Forum (CGF) has launched the NetZero Playbook for Consumer Industries in collaboration with its members, Accenture and the Race to Zero. However, now is the time for action and to make sustainability a force for change.
Companies and countries all over the world are committing to net-zero goals and pledges to the SDGs; diversity, equity and inclusion goals; human rights — the list goes on. We need to put a lot of zeros on the "More than 1,000 businesses" in order to get to a net-zero carbon economy. Helle Bank Jorgensen.
How can the cement and construction industry achieve netzero by 2050? Here are the key takeaways from a roundtable discussion McKinsey hosted at the COP26ClimateChange Conference.
DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations ClimateChange Conference , COP26, declared that the climate crisis is at a critical inflection point. C commitment and 7,126 companies have joined the Race to Zero.
With more than one quarter of the global economy committed to achieving net-zero emissions over the coming decades, it follows that the shipping sector will be under increased pressure from governments and private players to clean up its act. It is also working to introduce net-zero emissions ships in U.K. As the U.K.
z International, parent company to Cadbury Dairy Milk as well as other brands such as LU Biscuits, Oreo and Toblerone, recently committed to reach net-zero greenhouse gas emissions across its supply chain by 2050, including targets for cocoa ingredients. . What’s in the net-zero plan. Moving forward from COP26.
has a new prime minister, and, even though she once served as environment minister, questions are swirling about how committed Liz Truss and her government are to tackling climatechange. . s net-zero target – which is legally binding – should be suspended. . I have no confidence that he will take this forward.” .
A report published on 26 August by an independent group of experts warns that reaching netzero greenhouse gas emissions by 2050 is now “too little too late”, and will not achieve the long-term temperature goals identified in the Paris Agreement to limit global warming to 1.5°C license ). C by the end of the century.
Some previously untargeted companies, brands, institutional investors and geographies will be thrust into the limelight as central problems in the battle against climatechange. As a result, we can expect to see personal, political and business incentives tilt in favor of more action to combat climatechange.
More than 90 wind energy companies and associations from around the world called on leaders to take decisive action in pursuit of net-zero carbon emissions goals ahead of the COP26 United Nations climate summit next month. Follow @EngelsAngle. Achieving a rapid transition from fossil fuels is a key part of the solution.".
The International Energy Agency called for "unmistakable" action by world leaders to reduce emissions ahead of the COP26ClimateChange Conference , warning that the global transition to renewable energy isn't happening quickly enough to meet net-zero goals. C in the "Announced Pledges Scenario.".
Former chair of the Committee on ClimateChange Lord Deben believes the country can get back on track to netzero and regain its status as a global leader. In May, the court found the government’s inadequate climate strategy to be unlawful for the second time. Lord Deben was a principal witness for the prosecution.
Financial firms have pledged that more than US$130 trillion of assets will be net-zero by 2050. And 130 countries have also promised to reach net-zero emissions by 2050, including all the G7 countries and South Africa.
A communiqué signed by UK mayors and local leaders calls for a ‘power shift’ from Whitehall so that local and regional authorities can deliver NetZero. Local and regional leaders appeared at a public event in Birmingham on 13 July to make the case to Government for additional powers to tackle climatechange.
The Chartered Institute of Logistics and Transport (CILT) believes its sector “can achieve net-zero by 2050” through a range of measures recommended to government and others in its latest report, Routes to Net-Zero 2050: 2020 Year End Summary. Setting carbon budgets for the transport sector.
DESCRIPTION: Water is one of the most visible signs of climatechange, whether it is too much or not enough. But until recently, it mostly was seen as primarily a climate adaptation and resilience concern. The fact is, however, that water also can play a powerful role in climate mitigation. Water and climatechange.
“With the UK hosting COP26 in Glasgow in 2020, the country’s actions will be under close scrutiny and there will be nowhere to hide if we fall short of doing our part,” said Kiran Sura of PwC. Achieving the UK’s commitment to achieve netzero emissions by 2050 will require an annual decarbonisation rate of 9.7%.
The International Energy Agency (IEA) announced the release today of a new report, NetZero by 2050: a Roadmap for the Global Energy Sector. Developed at the request of the COP26 Presidency, the report outlines the pathway to achieve netzero emissions globally by 2050, in line with… Read more →
The research report, “ Smaller businesses and the transition to netzero “, highlights the potential collective influence of UK smaller businesses and the considerable contribution they could make to wider netzero objectives if they all made changes to reduce their carbon footprint.
Launched at COP26, the Energize program has educated hundreds of pharmaceutical suppliers. Amgen is well on the path to deliver net-zero for Scope 1 and Scope 2 carbon footprints as part of its 2027 ambition. LOUISVILLE, KY., Our suppliers’ carbon footprints comprise most of Amgen’s Scope 3 carbon footprint.
Netzero offers ‘huge economic development opportunity’ for Scotland. A new report suggests immediate action aimed at achieving netzero carbon can still offer a significant economic opportunity for Scotland – and the transport sector is “hugely optimistic” about the country’s prospects of decarbonisation.
On the eve of COP 27, we lay down the critical role of ICT and public-private partnerships in helping our world mitigate, adapt to and build resilience against climate catastrophe. More and more, I think the questions we need to ask ourselves are no longer just ‘what is climatechange?’, and ‘why should we care?’.
DESCRIPTION: When the first draft of history is written, last November’s COP26climate summit may be viewed as a turning point. Not for its concrete outcomes, but the shift in public sentiment that commitments are no longer enough, and corporations must do more to solve our world’s water and climate challenges. SOURCE: Ecolab.
NDCs are a major part of countries’ obligations under the Paris Agreement, outlining their interim commitments on the pathway to netzero. The updated NDC represents the framework for India’s cleaner energy transition for the 2021-2030 period and marks a step towards the country’s goal to reach netzero by 2070.
DESCRIPTION: LAUSANNE, Switzerland, December 20, 2022 /3BL Media/ - Tetra Pak has been recognised for leadership in corporate transparency and performance on climatechange and forests by global environmental non-profit CDP , securing a place on its prestigious ‘A List’ for the fourth year running. 2 Baseline: 2019. 2 Baseline: 2019.
COP26 is to be held at the SEC, Glasgow, in November 2021. The UK Government, as hosts of the 26th UN ClimateChange Conference (COP26), has selected engineering, design and consultancy firm Arup to help it achieve its ambition of delivering a sustainable summit.
A new independent assessment of COP26 and the critical next steps for the UK was published on 2 December by the ClimateChange Committee (CCC). There is now a path to expected global warming of under 2°C, but only if all the ambition in new mid-century NetZero targets is delivered, alongside national 2030 emissions targets.
Asia faces several key challenges in undertaking the net-zero transition, while standing out as being more exposed to physical climate risk than other parts of the world.
DESCRIPTION: Leaders in the building and construction sector joined forces at London Climate Action Week yesterday to engage in a purposeful event to help devise and deliver solutions necessary to combat the climate crisis, in the wake of COP26. Energy Efficiency: The Golden Rule for NetZero in the Built Environment.
Appointments of new COP26 President and Environment Secretary triggers renewed efforts to demonstrate the benefits of biogas for decarbonising the UK and global economies. Ahead of COP26, the UK must show strong leadership and commitment on environmental issues or risk serious embarrassment.
Public support for clean energy is growing at a pace of knots and most governments now also view climatechange as a non-negotiable priority to tackle. Employers, industry bodies, government and unions should work together to tackle barriers to retraining and upskilling so that no worker is left behind by the transition to netzero.
Former SG Ban put an emphasis on agricultural adaptation for climatechange during consultations with H.E. Dr. Sultan bin Ahmed Al Jaber, UAE Special Envoy for Climate and Minister of Trade and Advanced Industry and H.E. Mariam bint Mohammed Saeed Hareb Almheiri, UAE Minister of ClimateChange and Environment.
DESCRIPTION: The effects of climatechange are compounding water management challenges for communities around the world. The frequency and intensity of natural hazards are projected to increase due to climatechange, making it more difficult to manage surface-water and groundwater resources. SOURCE: WSP.
Amidst the escalating impacts and threats of climatechange, heads of state, negotiators, climate scientists, activists and business leaders prepare to meet for COP27, taking place in Sharm El-Sheikh, Egypt. It committed governments to raising their 2030 climate targets in 2022 to keep the 1.5°C C goal within reach.
Lenovo participates in CDP’s water security, climatechange, and supplier engagement surveys. In addition to the recent recognition for water security, Lenovo also scored an A- in CDP’s climatechange survey. . Read more about Lenovo’s ESG performance in the Company’s latest ESG Report. . “As
Karen Ellis, Chief Economist at WWF-UK, talks about the convergence of climate and nature and the emergence of industry sector transition pathways. At COP26 in Glasgow, the then-Chancellor of the Exchequer Rishi Sunak announced plans for the UK to become the world’s first netzero-aligned financial centre.
Swiss pharmaceutical and biotechnology company Roche announced today an expansion of its climate goals, committing to the Science Based Targets initiative (SBTi) and the Sustainable Markets Initiative (SMI) to achieve netzero emissions across its full value chain.
DESCRIPTION: Climate Week 2022 provides an opportunity to celebrate and build upon historic U.S. climate action and investments, as private and public sector leaders raise ambition commitments and policies to capitalize on the opportunities of the netzero transition.
Singapore plans to submit a more ambitious emissions reduction goal at the upcoming COP27 climate conference in November, according to Deputy Prime Minister Lawrence Wong, as part of a strengthened commitment to achieve netzero by 2050. Wong said: “As you can see, our netzero path is not an easy one.
One of 44 global signatories to pledge to WorldGBC’s NetZero Carbon Buildings Commitment covering a whole life carbon emissions approach . As one of Singapore’s pioneers in real estate and green buildings, we have been proactively aligning our business with global and national goals to mitigate the negative impact of climatechange.
Sharm El Sheikh sees progress on accountability and transparency of netzero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to netzero. .
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