This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Unilever sets out net-zero plans for shareholder vote. Unilever has become one of the first multinational companies in the world to publish a corporate net-zero action plan for oversight by its shareholders, as it prepares to put the climate strategy to an advisory vote at its upcoming AGM in early May. Michael Holder.
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.
Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. In many cases, corporations or local governments don’t yet know how they will achieve net-zero status by 2050.
A new campaign launched on Earth Overshoot Day this week focuses on celebrating proven and scalable solutions that should be a central part of the discussion at COP26 this fall.
Mark Carney’s US$130-trillion Glasgow Financial Alliance for NetZero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. The post Cracks showing in Mark Carney’s net-zero financial alliance appeared first on Corporate Knights. He writes on sustainable business and finance.
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.
Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. The post Fossil fuel expansion will be the litmus test for banks’ net-zero promises appeared first on Corporate Knights. Danielle Fugere, CEO at As You Sow.
KPMG published the NetZero Readiness Index in 2021, 1 a few weeks before the COP26 UN climate change conference in Glasgow. The event resulted in 153 countries putting forward new emissions targets for 2030 and more than 90 percent of world economic output and global emissions being covered by netzero agreements.
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. Click here to access the NetZero Playbook for Consumer Industries. # # #.
Speaking at the ADIPEC energy industry conference in Abu Dhabi, Al Mazrouei said that the investments will aim to “decarbonise our economy and achieve net-zero emissions by 2050,” according to state-owned media outlet Emirates News Agency. The UAE is one of the world’s largest oil producers, with average production of approximately 3.2
How can the cement and construction industry achieve netzero by 2050? Here are the key takeaways from a roundtable discussion McKinsey hosted at the COP26 Climate Change Conference.
Following on from last November’s COP26 in Glasgow, Climate Innovation Forum (CIF) was seeking continued climate innovation collaboration this year, uniting senior public and private sector decision makers to accelerate the delivery of netzero commitments.
Since COP26 was gaveled to a close earlier this month, a flurry of hot takes and deeply considered critiques have interrogated Mark Carney’s. The post The right capital in the right place at the right time can take climate impact beyond ‘netzero’ appeared first on ImpactAlpha.
banks such as Citi, Bank of America and Goldman Sachs from the NetZero Banking Alliance (NZBA) in just the past few weeks. Several of the groups have seen high-profile departures over the past several months, with one of the coalitions, the NetZero Insurance Alliance (NZIA),even disbanding in 2024 following a string of exits.
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.
SUMMARY: The need for climate finance – the local, national, or transnational financing that enables climate change mitigation and adaptation – was much debated at COP26. Bridging the Funding Gap at COP26: Governmental Pledges. Bridging the Funding Gap at COP26: Private Sector Initiatives. SOURCE: EcoVadis.
DESCRIPTION: Last year marked a global shift in corporations adopting low-carbon and net-zero pledges as experts at the United Nations Climate Change 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. SOURCE: Antea Group.
According to TPT Co-Chair and Aviva Group CEO Amanda Blanc, the new disclosure framework is being introduced as companies increasingly announce netzero commitments, but many have yet to publish plans to support their targets, with plans that have been disclosed varying in quality, consistency and level of detail.
The former British politician who led the United Kingdom’s winning bid to host COP26 is now focused on coordinating an effective business contribution to the net-zero transition. Netzero is the thing we have to do.’”. She sees momentum building. CEOs left COP saying, ‘We get it.
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.
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.
DESCRIPTION: The United Nations Glasgow Climate Change Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. COP26 Reflects Increased Drive for Climate Action . SOURCE: AllianceBernstein. The problem?
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.
Just before the launch of COP26, the UN climate conference in November, the DivestInvest network calculated that endowments, portfolios and pension funds worth nearly US$40 trillion have now committed to divesting their fossil fuel holdings. Eroding public support for the sector has been considered valuable work in itself.
There’s been a fivefold increase in the number of corporations in the agriculture, forest and land sector that have committed to net-zero, but of the 148 that have, only nine have made strong progress on slowing deforestation to date, according to a UN-commissioned study released in July.
Magway showcased the approach at COP26 in November, where decarbonising transport featured heavily on the agenda. He continued: “Reaching net-zero requires technological ambition and innovative thinking.
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.".
(Photo by Elena Mozhvilo on Unsplash ) Scaling Impact and Strengthening Accountability Toward NetZero Through the B Corp Climate Collective Brigitta Nemes, Senior Manager Environmental Standards at B Lab Global, shares her reflections on a new direction for the B Corp Climate Collective’s work on netzero.
The International Energy Agency called for "unmistakable" action by world leaders to reduce emissions ahead of the COP26 Climate Change Conference , warning that the global transition to renewable energy isn't happening quickly enough to meet net-zero goals. The global average temperature rise in 2100 is held to 2.1°C
Former chair of the Committee on Climate Change Lord Deben believes the country can get back on track to netzero and regain its status as a global leader. When Glasgow hosted COP26 in 2021, bringing together 120 world leaders and more than 40,000 participants, the UK was seen as a world leader in the battle against climate change.
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.
Tom Burke, co-founder of the environmental think tank E3G, told The Guardian that Rees-Mogg “has showed no sign of understanding the complexity or opportunity of netzero.” s net-zero target – which is legally binding – should be suspended. . s net-zero commitments in the most economically efficient way. .
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. Ensuring the new UK Infrastructure Bank has a NetZero mandate to deliver local investment in NetZero projects. license ).
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 →
Sir James Bevan, Chief Executive of the Environment Agency, said: “Reaching netzero will be one of the biggest challenges the Environment Agency has ever faced. We will integrate netzero into every aspect of our work over the coming decade.
“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%.
Regulators will soon provide investors with clearer guidance on the acceptable boundaries of collective action to achieve netzero and other sustainability objectives, according to competition lawyers. Competition barriers to collective sustainability initiatives by investors expected to be lowered. Limits to power of collaboration.
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.
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.
During the recent COP26 climate negotiations , water as a mitigation tool received more attention than it had at previous talks. There’s discussion among many water utility leaders to have water utilities sign up for netzero goals, for example,” he added.
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.
In early December, Canada announced it would implement the Glasgow Statement , a multilateral commitment signed at last year’s COP26 to end international public financing for fossil fuels by the end of 2022 and fully prioritize the clean energy transition. and committing to support the global transition to net-zero.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content