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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.
DÜSSELDORF, Germany, November 4, 2024 /3BL/ - In line with its ambitions for sustainability within its agenda for purposeful growth, Henkel has defined a net-zero roadmap, substantially extending its targets for emissions reduction along the value chain. We all have to take responsibility and help limit global warming to 1.5°C,
DESCRIPTION: Sets interim targets of 1 GW solar by 2025 and netzero for operations by 2030. SAN FRANCISCO, June 22, 2022 /3BL Media/ - Prologis (NYSE: PLD), the global leader in logistics real estate, today announced its commitment to achieve netzero emissions across its value chain by 2040.
London-based HSBC Holdings says it will cease financing for the development of new oil and gas fields in order to tackle climate change while carving out its Canadian unit from the policy change. Canadian banks remain major investors and lenders for oil and natural gas developments and the infrastructure needed to expand production.
While the final shape of the proposals to be agreed by member states remains to be seen, Abbasov and ICS agreed that it was likely to not stray far from scenarios contained in the draft document. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.
Water industry experts from Ricardo and Mott MacDonald have collaborated to create what they describe as “a pioneering strategy that will guide the UK water industry to achieve netzero carbon emissions by 2030.” Netzero by 2030 will be a huge team effort.”.
Lenovo ESG Navigator Lenovo has developed and tested an innovative ESG data management system called Lenovo ESG Navigator that helps monitor key ESG metrics and deliver near-real-time insights. Lenovos performance against these objectives and targets is available in Section 8.0.
But it contains no mandatory regulations or new public investments to bring emissions from the country’s more than 16 million homes , 564,000 commercial and institutional buildings, and 34,000 federal properties to net-zero. The document.
degrees Celsius goal of the Paris Agreement; to develop and implement a plan to reduce “the carbon footprint and the environmental impact” of any products or services provided to Salesforce; and to publicly disclose their Scope 1, 2 and 3 emissions. He welcomed the nudge from Salesforce. Supply Chain. Leadership. Featured Column.
Significant changes to the UK’s grid connection process under the Clean Power 2030 Action Plan (CP30) will impact project timelines and readiness criteria, posing both challenges and opportunities for developers (words: Vattenfall). By working together, we can overcome these challenges and deliver clean power for the UK.
trillion by the early 2030s in the latest net-zero roadmap published this morning by the International Energy Agency. C has narrowed in the past two years, but clean energy technologies are keeping it open,” said IEA Executive Director Fatih Birol, in a release summarizing the 227-page document. trillion in 2023 to $4.5
The document was more about the Liberal government’s attempt to roll back inflation and spending than it was about teeing up a major climate conference with some showcase policies, as has been the case before. . negotiator, told the Associated Press. . spending bill that pumps hundreds of billions of dollars into climate investments. .
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. Ensuring new developments include vehicle charging points.
After joining the Science Based Targets Initiative (SBTi)’s NetZero Carbon Ambition two years ago, the Company has submitted a time-bound plan within SBTi’s timeframe, consistent with the 1.5°C C protocol. Distribution Efficiencies - Reduced Direct Store Delivery transport idle time and improved vehicle fill rate across U.S.
The Environment Agency (EA) has pledged to default to low-carbon concrete when constructing flood defences and other critical infrastructure projects, provided they meet performance requirements, in a new roadmap document. ” An offsetting strategy is also apparently in development to address all remaining emissions.
Implementation guidance aims to support a wide variety of netzero strategies. Updated guidance published by the Institutional Investors Group on Climate Change (IIGCC) seeks to ensure investors have the flexibility they need to effectively apply netzero strategies across all asset classes they invest in.
COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to netzero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to netzero, even by those who acknowledged its multiple caveats.
A new report sets out a strategy for achieving netzero concrete and cement. Making NetZero Concrete and Cement Possible appears to show, through its NetZero scenario, how the sector can reach netzero GHG emissions and comply with a 1.5°C
Organizations are developingnet-zero emissions strategies to take tangible climate action. Sustainable procurement practices have become one of the key enablers in achieving net-zero targets. Reducing scope 3 emissions is a key factor on the journey to netzero.
Based on our assessment, a full 100 megatonnes of emission reductions – 43% of the needed reductions – are projected to come from policies that have been announced but that still need to be developed and implemented. This will aim to make electricity net-zero by 2035 and is a critical step to decarbonizing the rest of the economy.
Signals of change in the netzero transition this week include the passing of key climate legislation in Australia and the EU. NetZero Economy EU legislators reached an agreement on new climate legislation this week to double the share of renewables in the bloc’s electricity mix by 2030.
The document called for more study of global warming, “as a result of which glaciers and the polar caps recede, surfaces of lakes are reduced and ocean temperatures rise.” Last fall, Canada’s National Observer reported that life insurance giants Sun Life and Manulife, despite making commitments to be net-zero by 2050, still had US$15.9
International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach netzero emissions across its financing activities by 2050.
Torrie estimates we will need to spend between $14 and $48 billion per year to achieve net-zero buildings by 2035, roughly on par with the $20 to $40 billion spent in Canada each year on routine maintenance and repairs. . This cannot be our parents’ retrofit program,” Torrie said. Our general mindset has to change, panellists said.
Scotland is a global leader in the development and deployment of tidal stream and wave energy devices, said a news release about the document. Nearly 9 GW of tidal stream and wave energy could be unlocked in Scottish waters by 2050, say the authors, contributing to NetZero and energy security in Scotland and the UK.
New Principles on the US Department of the Treasury will make netzero investment the “expectation for all financial sector actors”, US-based investor network Ceres has told ESG Investor. The nine principles include netzero commitments being aligned with 1.5°C,
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. For the first time, the UK pledged to align the financial and private sectors with an environmental netzero goal,” Karen Ellis, Chief Economist at WWF-UK, told ESG Investor.
The COP28 decision text, released Wednesday morning, included language about “transitioning away from fossil fuels in energy systems” and “reducing both consumption and production of fossil fuels in a just, orderly and equitable manner so as to achieve netzero by, or before, or around 2050 in keeping with the science”.The
Launched in 2022, Renew promised Danone would reconnect with a sustainable profitable growth model, partly by taking a more science-led approach to product development, including expansion of its health and nutrition portfolio. increase in like-for-like sales in its 2024 annual results , and a recurring operating margin of 13.0%.
Certification systems Certification systems provide frameworks and criteria for evaluating buildings against specific sustainability goals, helping to guide and incentivize the development of environmentally responsible structures.
United has made substantial investments in companies developing technology to reduce aircraft emissions, but Natron is the first that has the potential to reduce the greenhouse gas footprint from United's ground operations.
We have also mapped our actions to specific targets within the UN Sustainable Development Goals ( page 18 ) to provide greater clarity on how our actions complement these broader global priorities. We hope that our new report format proves more user friendly and accessible for readers.
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.
This ambitious document outlines support for the low carbon sector via the creation of 250,000 new green jobs and via direct industry investment. Every job has the potential to become ‘green’ as the world moves to combat climate change, and there are a huge range of skills which will support the transition to a netzero economy.”.
An apocalyptic “meh” seemed to greet the government’s bumper package of energy- and climate-related policy announcements and documents released on 30 March, which appeared short on new ideas and sources of funding. A central plank was the policy paper “Powering Up Britain” , which presented plans for tackling energy security and netzero.
Responses to the climate crisis have so far “not been adequate,” the document says, “while the world in which we live is collapsing and may be nearing the breaking point.” The pope criticizes other wealthy countries for obstructing climate policy in order to protect their “national interests.”
As the focus sharpens on how governments and businesses are turning netzero commitments into action, We Mean Business Coalition, CDP, Ceres and Environmental Defense Fund have this week released a new report to help companies accelerate their climate journey – via credible climate transition action plans (CTAPs). of warming.
New guidance on portfolio alignment metrics by the Glasgow Financial Alliance for NetZero (GFANZ) has received a mixed response with some seeing it as a foundation for further efforts, while others have warned it may serve to dilute institutions’ focus on heavy emitters. . C of global warming by 2050. .
Download the document. This roadmap has been developed by Ricardo Energy & Environment on behalf of FoodDrinkEurope. It assesses the climate impact of the European food and drink manufacturing sector, and sets out some of the available pathways for decarbonisation to netzero by 2050.
The European Union, China, the United Kingdom and about 20 other countries are developing such taxonomies as a way of discouraging greenwashing and channelling investment to the climate transition. This might include well-documented plans for mothballing facilities and timelines for staff retirements or reassignments.
Non-profit organisation’s report describes actions that would gear the buildings and construction sector towards a netzero future, through elimination of embodied carbon emissions. However, the report warns that change will not happen unless there is a radical shift in how industry works together to enable a market transformation.
July 18, 2024 /3BL/ Bristol Myers Squibb (NYSE: BMY) today announced validation for its near-term and net-zero science-based targets from the Science Based Targets initiative (SBTi), as part of a mid-year update on its environmental initiatives, highlighting progress in reducing emissions across its operations and supply chain.
The future stability of the Glasgow Financial Alliance for NetZero (GFANZ) is under scrutiny after a member group appeared to distance itself from updated UN-endorsed rules for achieving netzero emissions by 2050. . NZBA open letter highlights risks from divergent responses of stakeholders to climate emergency. .
The directive also targeted the proliferation of private environmental labels, requiring them to be reliable, transparent, independently verified and regularly reviewed, and allowing new labels only if developed at the EU level, and approved only if they demonstrate greater environmental ambition than existing label schemes.
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