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To achieve net-zero, let’s agree on one definition of success

GreenBiz

To achieve net-zero, let’s agree on one definition of success. Reaching the 2015 Paris Agreement goals requires bold action from all sectors and levels of our society. But any chief sustainability officer will fall short of their responsibility if they simply cite net-zero as a strategic goal.

Net Zero 489
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Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020

GreenBiz

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.

Net Zero 398
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HSBC to stop financing new oil and gas fields except in Canada

Corporate Knights

HSBC announced last week that it will continue to support production in existing fields to provide an “orderly transition” to a net-zero world by 2050. Matt Price, director of corporate engagement for Investors for Paris Compliance. The IEA’s definition is relatively narrow: new fields where development has not been approved.

Net Zero 317
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Which banks are financing the clean energy transition?

Corporate Knights

The 2022 Sustainable Banking Revenues Ranking shows global bankers are off to a slow start, but over time it will help guide consistency of reporting and provide an ongoing window into bankers’ progress in meeting the world’s Paris Agreement commitments. . billion, followed by New York City–based Citi at US $2.18

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T-Mobile Commits to Net Zero Emissions Across the Value Chain

ESG Today

announced today a new target to achieve net zero carbon emissions across its entire value chain by 2040, including those produced by suppliers and through customer device usage, in addition to the company’s own operations. The post T-Mobile Commits to Net Zero Emissions Across the Value Chain appeared first on ESG Today.

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Ericsson's Approach to Environmental Sustainability

3BL Media

To support the ICT sector’s transition to a low carbon economy, the International Telecommunication Union (ITU) has released the Net Zero standard 1 ) to guide companies in the sector on setting Net Zero targets and strategies. C ambition set by the Paris Agreement. They make up 0.4% of the total emissions.

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Public Policy Forum urges government to help finance oil and gas emission reductions

Corporate Knights

In a report released March 16, the Public Policy Forum laid out a “leadership blueprint” for Canada’s net-zero transition that urges the federal government to help finance the sector’s efforts to reduce emissions. However, he added, the decarbonization effort must speed up. We’re just not moving with the haste we need to move.

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