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Strategy firm BCG pledges net-zero impact, eyes ‘carbon positive’ future. billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. . billion company’s new commitment to achieve net-zero status for its own operations by the end of this decade. .
The window to take action on climate change is closing. The global scientific community now has the official backing of hundreds of government and business leaders who agree that we must transition to a net-zero-carbon economy, and yet getting strong climate regulations in place has proven a challenge. C campaign.
The nuances of all the various adjectives and descriptors that are used to describe climate action — from "science-based" to "netzero" to "carbon negative" — are enough to make heads spin, especially for those who spend their professional lives worrying about how to communicate these concepts. Offsetting versus insetting.
C, and investee companies are not yet facing full scrutiny of their netzero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be netzero aligned by 2030.
DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for use as a raw material or permanently removed when combined with storage. According to last year’s IPCC climate change mitigation study, scenarios that limit warming to 1.5°C
Burberry has strengthened its resolve to be climatepositive by 2040 by refinancing a credit facility to a £300m Sustainability Linked Loan. Burberry plans to become netzero by 2040 and will invest in nature-based projects with carbon benefits to restore and protect natural ecosystems and boost the livelihoods of global communities.
The company’s climate commitment is a verified 1.5 degree Science Based Target , and is informed by its goal to reach netzero emissions by 2030 across its operations and supply chains and its analysis on the carbon impact of remote work. C Science Based Target Netzero by 2030 target. Verified 1.5°C Mastercard.
DAC technology, listed by the IEA as a key carbon removal option in the transition to a net-zero energy system, extracts CO2 directly from the atmosphere for use as a raw material or permanently removed when combined with storage. commitment to achieve netzeroclimate impact by 2030.
Meanwhile, sustainability professionals are helping thousands of communities and enterprises chart paths to NetZero greenhouse gas (GHG) emissions wherein countries, communities and enterprises commit to removing as much carbon from the atmosphere as they place into it. Fortunately, Sustainability Roundtable, Inc. (SR
Meanwhile, sustainability professionals are helping thousands of communities and enterprises chart paths to NetZero greenhouse gas (GHG) emissions wherein countries, communities and enterprises commit to removing as much carbon from the atmosphere as they place into it. Fortunately, Sustainability Roundtable, Inc. (SR
Nicholas Flanders, cofounder and CEO of Twelve, said: “Corporations like BCG play a critical role in advancing the development and demand of SAF. We are excited to partner with BCG via the Sustainable Aviation Buyers Alliance and leverage the SAFc Registry to accelerate the roadmap toward netzero emissions.”
The SLBs link attractive financing to the realization of previously announced goals to achieve a 50% reduction of absolute GHG emissions by 2025 from our current 2014 baseline and reach net-zero GHG emissions by 2050. Zero Emissions Transportation Association . THE UNITED STATES BUSINESS COUNCIL ON SUSTAINABLE DEVELOPMENT.
As global sport is being increasingly affected by climate change, the Sport Positive Summit brought together international sports stakeholders that have signed the UNFCCC Sports for Climate Action Framework to discuss possibilities, good practices and solutions, and inspire more people to join them in the mission towards a lower-carbon future.
Decarbonization solutions-focused investment platform GenZero announced today the launch of a new Climate Impact Measurement Framework, developed in collaboration with Boston Consulting Group (BCG), and aimed at enabling investors to measure the climate impact of their decarbonization investments globally.
On top of this, dozens of nations committed to supporting electric vehicle (EV) adoption and funding programs for climate-positive projects. There now are more than 215 global companies that have joined industry leaders such as Amazon, Mercedes Benz, Microsoft and Unilever in signing the Climate Pledge.
Financial institutions need to segment their portfolios into transition, netzero-aligned and stranded assets and develop clear emissions reduction plans in line with recognised 2030 and 2050 targets, said Mark Carney, Founder and Co-chair of the Glasgow Financial Alliance for NetZero (GFANZ).
“We hold government debt, shares and bonds, and invest in many companies [in emerging markets] that have committed to netzero – so what’s holding pension funds back?” Fundamentally, it’s often misconceptions and a lack of knowledge about what it means to support the climate transition in emerging economies.
Following its first year of climate direct engagement, UK scheme also emphasises partnership as helping asset owners act at scale. billion) of investments on behalf of 11 LGPS funds – released its latest Climate Change Report alongside its annual Responsible Investment (RI) and Stewardship Report. billion (US$68.8
UK pension schemes will be required to demonstrate alignment with the Paris Agreement from October, but will also be given greater flexibility to make climate-positive investments as well as new stewardship guidance, Work and Pensions Secretary Therese Coffey confirmed today. “We Walking the walk”.
Originally published on NRG Energy Insights By NRG Editorial Voices Alongside our power values, our sustainability framework is a cornerstone to the development and evolution of our business. NRG’s climate goals are to reduce GHG emissions by 50% by 2025 from the current 2014 base year and to achieve netzero by 2050.
Councillor Jenny Laing (pictured, above), Aberdeen City Council Leader said: “Enabling truly ‘green’ transport is a key deliverable in our plan to deliver Aberdeen’s NetZero Vision and our own plans to replace our vehicle fleet with alternative fuelled vehicles.
Discussing climate and nature risks at roundtable hosted in Hong Kong in early October by ESG Investor and S&P Global Sustainable 1, organisations acknowledged the links between the two. “If Some roundtable participants suggest the challenge of developing frameworks suitable for all regions went beyond transition planning.
There was a lot of investment going into biological assets, either by government or development finance institutions, but no one thought about what to do when the forests matured,” she said. However, investors need reassurance as to how these countries will use the funds to counter climate change.” The second opportunity is social.
Brisbane aims to implement a comprehensive sustainability strategy to achieve a climate-positive Olympic Games 1 , with developers looking for ways to handle the waste that is being generated from expansion.
Speaking at the Financing Asia’s Transition (FAST) Conference on 8 June, MAS Chairman Tharman Shanmugaratnam said the transition planning guidance will cover the governance frameworks and client-engagement processes of FIs to manage climate-related financial risks and to enable a transition towards netzero in the real economy.
Piani described the code as being “pivotal” to the development of the firm’s engagement strategy. “It The asset owner is now in the process of increasing its attention to other environmental themes. Last year, Phoenix also became a signatory of the Financial Reporting Council’s UK Stewardship Code.
With climate change, extreme weather, population growth and industrial development all placing greater pressure on our finite water supplies, there has never been a more urgent need for innovative and sustainable solutions to manage our most precious resource. This is an ambitious target for a water utility.
Japan was one of the first countries to make TCFD-based climate reporting mandatory. “Start TNFD as an extension of TCFD, like an additional building block, instead of a separate or independent project,” he said.
A PWC survey published last week revealed that a majority of global CEOs expect climate change to have some degree of impact on their business in the next 12 months, particularly on their cost profiles and supply chains.
Net-zero emissions – According to the Science-Based Target initiative (SBTi), “NetZero emissions are achieved when anthropogenic emissions of greenhouse gases to the atmosphere are balanced by anthropogenic removals over a specified period.”. Read more info [link] ). That’s all folks.
The Biodiversity Equity theme covers six key themes: land pollution, marine pollution and exploitation, unsustainable living, climate change, unsustainable farming, and deforestation. Each theme also considers multiple sub-themes aligned with the UN’s Sustainable Development Goals (SDGs).
As netzero strategies are taking shape and being implemented, governments , investors and companies are enlisting the natural world in the battle to combat the most catastrophic effects of climate change. Of course, opportunities for nature- and climatepositive investments stretch far beyond forest borders.
The company, an early partner with the Ellen MacArthur Foundation, has positioned water and carbon emissions as equally critical in the climate crisis. Last year, Ecolab set a goal for net-zero carbon emissions by 2050, getting halfway there by 2030. Rosalind 'Roz' Brewer, COO and Group President, Starbucks.
To recall some of the key developments, as I have done each December for more than a decade, I’ve plumbed the nearly 1,300 stories, columns and analyses we've published on GreenBiz.com since the dawn of 2020 — a.k.a. the beforetime — accentuating the positive, seeking signs of progress and hope. But it was much, much longer than that.
PATRICK NEASE: Hi, I’m Patrick Nease, I’m the sustainability coordinator for Facebook’s netzero team. Since I’ve been working in this space over the last several years, this is the first year that we’re really learning how to turn climate ambition into actual action. Let’s hear how they’re approaching this work.
Our principal subsidiary, SCE, delivers power to customers entirely within the state of California, which has some of the most ambitious science-based climate change goals in the U.S. This commitment covers the power SCE delivers to customers and Edison International’s enterprisewide operations, including our supply chain.
The key question now is how best to ensure the development of green skills across the workforce to meet employer needs at this moment and in the coming years,” said LinkedIn Co-Founder Allen Blue. By 2050, Michelin is committed to achieving net-zero carbon emissions across our business.”
DESCRIPTION: Logitech’s Prakash Arunkundrum, Head of Global Operations and Sustainability, recently participated in New York Climate Week to discuss the company’s long-term vision of sustainability, current initiatives, as well as goals now and into the future for both Logitech and the technology industry as a whole.
There remains, however, much uncertainty about the new administration’s plans to bolster green investment flows and support the development of low-carbon power sources and energy efficiency initiatives. Greater dependence on fossil fuels makes no sense from an economic or climate perspective. Structural reforms to energy market.
First, the UN-convened NetZero Asset Owner Alliance told us of a steepening uphill struggle, but an effective one driven by target-setting across activities and sectors. The end of the beginning – The NetZero Asset Owner Alliance also urged further efforts to “reform the current multilateral financial architecture”.
As such, the introduction of amber thresholds caters to vessels that are aligned with industry targets under the 2023 International Maritime Organisation Greenhouse Gas Strategy to reach netzero emissions by or around 2050, which sets intermediate targets of reducing emissions by at least 20% and striving for 30% by 2030 compared to 2008 levels.
This week concludes with low expectations and high stakes as G20 leaders seek to balance climate ambition, sustainable development goals and macroeconomic challenges. The partners published their eight principles for climate policy that would accelerate the allocation of private capital to climate-positive investments.
The report, titled ‘Impacts, Adaptation and Vulnerability’, also says current efforts to adapt agricultural – specifically livestock practices – are insufficient to meet UN Sustainable Development Goal (SDG) 2: zero hunger. Developed world focus. We’re investing deeply in real assets and in land itself.
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