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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.
The sector, moreover, isn’t on track to achieve net-zero targets, despite investments in new forms of low-carbon energy for steel plants. For example, Sims finally divested itself of part of its municipal recycling business – a large blue-box operation in New York City. Photo courtesy of Sims Ltd. In 2022, a B.C.-based
Understanding emission sources in your portfolio For some organisations, scope 3 emissions may be easy to calculate, understand and reduce, such as those deriving from business flights and waste. South Pole can help you navigate the existing framework as well as the new netzero guidance (FINZ) which will replace it in Q4 2023.
Chris Skidmore, former MP and author of the netzero review, talks about what the next UK government should do to get the country’s netzero commitments back on track. “I cannot vote for the [Offshore Petroleum Licensing] bill next week. In May, a High Court ruling ordered it publish a revised netzero strategy.
This January marked the three-year anniversary of the Brumadinho Dam disaster in which 272 people lost their lives and millions of tonnes of toxic waste flooded local villages, becoming Brazil’s worst ever industrial disaster. Disputing divestment. And McMurdo’s caution about divestment is not limited to the energy sectors.
which recently saw 19 Attorneys General sign a letter accusing BlackRock of acting with “mixed motives” in its pursuit of an anti-fossil fuel and pro-netzero agenda, and Texas Comptroller Glenn Hegar place BlackRock and several other asset managers on a list for potential divestment for allegedly boycotting energy companies.
These technologies reduce waste heat and increase electrification, making the furnaces more energy efficient and reducing both direct and indirect emissions. The proposed rebuilds plan to combine five cutting-edge furnace technologies on each furnace, marking the first time that all five technologies have been implemented simultaneously.
CalSTRS’ commitment to achieving netzero greenhouse gas (GHG) emissions by 2050 or sooner has heightened the asset owner’s scrutiny of investee companies’ decarbonisation targets and performance. If engagement and voting fails to promote positive change amongst investee companies, NBIM has demonstrated its willingness to divest.
From its net-zero by 2030 ambition and the development of science-based targets to its energy efficiency programs to transportation and waste minimization goals, Powering Progress embodies PSEG’s aspirations for today and ensures it will be here to support communities into the future.
Our Environmental Sustainability Specialization , which was launched in April, trains Partners in how customers can participate in the Circular Economy, migrate to cloud-enabled solutions, and generally drive sustainable outcomes, like reducing energy use and waste. Our programs are a perfect entry point to reduce waste.
By divesting its 20% stake in Rosneft, BP also disposed of around a third of its oil supplies. As divestment sceptics know, there’s a big difference between reducing portfolio and real-world CO2 emissions. Away from Europe, there was some good news.
trillion in AuM that have committed to transitioning their investment to achieve netzero portfolio GHG emissions by 2050 and drawing on the NetZero Investment Framework to deliver on that commitment.
To achieve the Agreement’s goal of net-zero emissions globally by 2050 , we must significantly boost energy efficiency and greatly accelerate the global transition away from fossil fuels, and toward new fuels such as green hydrogen and renewables such as wind, solar and thermal.
C of global warming, 50% of all existing buildings need to be netzero by 2040, increasing to 85% by 2050, according to the International Energy Agency. Do they divest so the poorly performing assets are no longer on their books? In order for the real estate sector to decarbonise in line with 1.5°C Hunziker said. .
It is through good stewardship that corporate engagement can drive high carbon emitting companies to develop and implement a netzero transition plan, which will ultimately help to decarbonise the global economy,” says Stephanie Pfeifer, CEO at the Institutional Investors Group on Climate Change (IIGCC). .
It has completely divested the fast fashion sector over its poor record on sustainability and the payment of decent wages but maintains engagement through PLWF. “We speak through the platform to several supply chain actors,” says Schmidt.
Biomass takes many forms and is typically defined as any renewable organic waste from plants and animals that can be replenished and regrown. Gathered waste is then either used directly as biofuels or converted into other forms of bioenergy, generating electricity, through combustion. . Waste not, want not .
What are Australia’s stated netzero goals? Australia adopted an economy-wide target of netzero emissions by 2050 in the run-up to COP26. Climate Action Tracker (CAT) argues that Australia does not have a netzero target, arguing the federal government’s mid-century goal is not backed up by concrete commitments.
As is their wont, many companies used the occasion to proclaim updated commitments — the buzzword du la semaine was "net-zero" with Walmart declaring a zero-emissions target by 2040 along with a big clean fleet promise and a pledge to "protect, manage or restore" at least 50 million acres of land and 1 million square miles of ocean by 2030.
This law will help America to reduce energy waste, and improve resiliency. trillion bipartisan package will see $5 billion go towards zero and low-emission buses and ferries. The fossil fuels divestment movement continues to grow and as indicated in a recent report by DivestInvest, 1,500 investment institutions, responsible for $39.2
For sustainable tech to be possible, funders, including investors, philanthropists, and foundations, must develop a two-pronged approach of intentional investments in those leading justice-centered approaches to technological and economic transitions and informed divestments from extractive and fossil-fuel-dependent systems and enterprises.
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