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Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions.
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.
VANCOUVER, British Columbia, July 23, 2024 /3BL/ - DP World , a global leader in supply chain solutions, is pleased to engage as a Pilot Partner in the NetZero Supply Chain (NZSC) Initiative, a collaborative effort dedicated to advancing the decarbonization of Canada's freight-transportation supply chains.
Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.
Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. degrees [of warming] we need to decarbonize by the mid-2030s," he explained. "To To achieve 2 degrees we need to decarbonize by mid-century. Cecilia Keating.
While publicly traded companies often dominate the headlines, private companies are a much larger part of the globaleconomy. Last year, it attracted $575 million in investments to help it roll out its decarbonization plan and announced that all new customers will be powered by 100% renewable energy.
And the race to decarbonize that supply chain is intensifying, as reports indicate the earth may already have warmed more than the target 1.5 Now, it’s thought that annual investments of more like $1 trillion will be needed to help developing countries decarbonize. and the urgency has been ratcheted up again.
HSBC , for example, recently pushed back its own target to achieve netzero emissions in its operations and supply chain by 20 years to 2050, and placed its interim financed emissions targets under review, all major U.S.
Herweijer joined HSBC in 2021 as Group Chief Sustainability Officer and a member of the Group Executive Committee, and has overseen the development of the bank’s netzero strategy, including its portfolio decarbonization targets. Prior to joining HSBC, she served as Global Sustainability and Innovation Leader at PwC.
As a global technology company supporting the vast majority of the world’s business, SAP needs to lead from the front with our ambitions and actions. That is why SAP has committed to achieve net-zero emissions across our value chain by 2030. Central to this effort has been a continuous effort to decarbonize our business.
Manufacturing is going electric, too, as companies ratchet up their net-zero-carbon goals. All of these represent the surest pathways toward decarbonizing the globaleconomy, and all are ramping up to meet the commitments by governments to align with the goals of the Paris climate agreement. Surge protection.
In its deep dive into the worlds most sustainable private- and public-sector companies, Corporate Knights revealed an undeniable fact: public-sector companies are doing essential work when it comes to moving the needle toward a greener globaleconomy. before 2050, and 75% of the citys net-zero strategy relies on these investments.
Morgan Stanley has joined several of its peers in exiting the Net-Zero Banking Alliance (NZBA), a UN-backed coalition of banks dedicated to advancing globalnetzero goals through their financing activities,ESG Today has confirmed. Morgan Stanleys commitment to net-zero remains unchanged.
We must look to the future by enabling an economy-wide transition to net-zero; and focus on the present by helping society to adapt and become more resilient to climate risks. This will help to mobilize the capital required to enable the net-zero transition.
DESCRIPTION: Hydrogen fuel cells could play a critical role in decarbonizing the global freight and transportation network. A new video from global power leader Cummins Inc. Hydrogen plays an important role in Cummins’ mission to decarbonize the globaleconomy. SOURCE: Cummins Inc. explains why.
Their mission is to work with JPMorgan Chase’s existing commercial relationship specialists to accelerate the flow of capital available to organizations that can play a role in decarbonizing other companies and industries. That includes both existing clients, as well as new ones that could benefit from focused new financial innovations. "We
both earned spots in the Global 100 ranking, as did telecommunications giants BCE Inc., The Corporate Knights ranking allocates spots by sectors to reflect the globaleconomy. And Global 100 companies perform no better in terms of racial diversity than the broader universe of large publicly traded companies. Telus Corp.
As pension plan members, we’ve been asking OMERS to either demonstrate how its fossil fuel assets have credible decarbonization pathways or divest them. Oil and gas companies and infrastructure don’t have a profitable financial future or a credible, science-based decarbonization pathway in a world that must rapidly phase out fossil fuels.
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the issuance of a set of consultation papers with proposed guidelines on netzero transition planning for financial institutions, including banks, insurers and asset managers.
The maritime sector plays a major role in the globaleconomy, transporting a high volume of freight around the world. As such, maritime, and ports in particular, are a visible part of transport decarbonization discussions. Tweet me: @WSPUSA shares the important role that maritime ports play in globaldecarbonization.
UK- and South Africa-based global active asset manager Ninety One announced that its decarbonization-focused Global Environmental strategy has been awarded a $150 million mandate by California State Teachers’ Retirement System (CalSTRS), one of the largest public pension funds in the U.S.
The new Deloitte Center for Sustainable Progress report, “Work toward netzero: The rise of the Green Collar workforce in a just transition,” presents a detailed look at the impacts of decarbonization, with a particular focus on the workforce., ” Click here to access the Deloitte report.
The report is part of the Ceres Food Emission 50 initiative, an effort focused on decarbonizing the nation’s food sector. Decarbonizing the U.S. food sector is key in our efforts to limit global temperature rise to no more than 1.5 SOURCE: Ceres.
“Green shipping corridors” are maritime trade routes that showcase low- and zero-emission fuels and technologies between ports, to help reduce greenhouse gas (GHG) emissions and support sector-wide decarbonization. The MOU involves multiple ports and jurisdictions, including Prince Rupert, Vancouver, and Edmonton.
Originally published on about.bnef.com BloombergNEF (BNEF) announced the winners of its 2024 Pioneers award, recognizing 11 early-stage companies working to introduce technologies and products that will accelerate globaldecarbonization and halt climate change.
Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for NetZero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.
Free acknowledged that while these efforts are important and worthwhile, there needs to be more focus on decarbonization. Fortunately, in the past year, investors have started focusing more on decarbonization and offsets, according to Free. KEYWORDS: NASDAQ:NDAQ, NASDAQ, climate investing, sustainable bonds, NetZero.
The letter, signed by BlackRock Head of External Affairs Dalia Blass, was sent in response to a letter from the Attorneys General sent in August accusing BlackRock of acting with “mixed motives” in its pursuit of an anti-fossil fuel and pro-netzero agenda, indicating “rampant violations” of its fiduciary duty to the states’ pension investors.
ESG ratings, data, and research provider Morningstar Sustainalytics announced today the launch of its Low Carbon Transition Ratings, aimed at providing investors with an assessment of a company’s alignment with a netzero pathway, based on an evaluation of its strategy and actions as well as scenario analysis.
announced the launch of its new Sustainable Investments 2030 Strategy, aimed at accelerating its transition to a netzero emissions portfolio, and including a new pledge to invest $100 billion in climate solutions by 2030.
The organizations’ key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.
Launched in 2017, Climate Action 100+ is an investor initiative that has targeted the world’s largest corporate greenhouse gas (GHG) emitters to promote taking necessary action on climate change, and align their business strategies with netzero in order to help limit average global temperature rise to 1.5 degrees Celsius.
Canada unveiled its response to the emerging global race to scale up green energy and clean tech manufacturing capacity, with proposals for over $60 billion in tax credits and an additional $20 billion in sustainable infrastructure investments in its 2023 budget, presented by Deputy Prime Minister and Minister of Finance, Chrystia Freeland.
This year, the company was represented by a team of leaders, including Scott Tew, vice president of Sustainability; Jose La Loggia, president of Commercial HVAC EMEA; Helen Walter-Terrinoni, director of global climate policy; and Adnan Javed, general manager of Commercial HVAC for the Middle East. And we get to be a part of it.
This strategic appointment aligns with DP World’s global commitment to driving sustainable change and innovation throughout the logistics and supply chain industry. Last year, the company announced its global objective of achieving 100% carbon neutrality by 2040 and net-zero carbon status by 2050.
Lenovo set a vision to reach net-zero emissions by 2050, with targets currently under review for validation from the Science Based Targets initiative. . Lenovo is committed to our vision to provide smarter technology for all and helping to decarbonize the globaleconomy – one of humanity’s greatest challenges.”?.
By upgrading our infrastructure at the Port of Caucedo, we not only enhance operational efficiency but also make significant progress towards our goal of becoming netzero. We will continue to invest in infrastructure that supports the Dominican Republic's vision of becoming a regional logistics hub.”
Workiva Carbon simplifies the management of netzero targets that thousands of organizations have established voluntarily to meet international guidelines, respond to stakeholder demands for transparency, and better compete in the globaleconomy.
LIMA, Peru, November 16, 2023 /3BL/ - DP World , a leading global entity in end-to-end supply chain solutions, continues to cement its commitment to environmental sustainability by integrating 15 new electric cranes into its expanding operations at the Port of Callao, Peru. million TEUs.
UK-based bank Barclays will no longer directly finance new oil and gas projects, and will require its energy sector clients to produce transition plans or decarbonization strategies by the beginning of next year, according to a new “Climate Change Statement” released by the bank.
Global management consulting firm McKinsey & Company’s sustainability-focused platform McKinsey Sustainability and Moody’s financial intelligence and analytical tools unit Moody’s Analytics announced today the launch of a suite of solutions aimed at helping banks identify, measure, and act on climate change-related risks and opportunities.
Separate from CO2 offset services, Lenovo has committed to achieve net-zero emissions by 2050, in line with the Net-Zero Standard created by the Science Based Target (SBTi) initiative. Lenovo is committed to the vision of providing smarter technology for all people and helping to decarbonize the globaleconomy.
Initially, the project will support four Crowley ocean-class tugboats, and the Port estimates it will reduce net carbon dioxide emissions by more than 500 metric tons per year. utility to voluntarily set goals to stabilize emissions, and in 2020, committed to achieving net-zero emissions by 2050. About the Port of Lake Charles.
The regulatory changes and shifting market demands, as well as the opportunities to innovate and improve operational efficiencies that come with a globaleconomy shifting towards low-carbon technologies. degrees Celsius by 2100.
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