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
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.
Transitioning the globaleconomy to net-zero emissions may be the most Herculean task modern society has faced. To sustain a healthy society, strong economy and dignified life on earth, there is no other viable option.
Another landmark report by the Intergovernmental Panel on Climate Change provides stark warnings but stresses that rapidly putting the globaleconomy on course to net-zero emissions by 2050 could hugely reduce escalating impacts.
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. What Does NetZero Mean? C science-based emissions reduction target.
A third of the world’s largest public-listed companies are still yet to set an emissions reduction target, according to a new report from NetZero Tracker. The tracker, the world’s only open-source independent review in terms of quality and quantity, has assessed the 1,000th company with a netzero target.
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.
Let’s begin with a few headlines: Southern Company commits to net-zero emissions by 2050. Microsoft committed to protect more land than it operates on globally by 2025. Shell plans to achieve net-zero emissions across its product manufacturing operations. Mattel launches latest sugarcane-based products.
Such a supply gap would have broader consequences across the globaleconomy, disrupting supply chains for both energy transition and non-energy transition industries, the study says. The post Copper Supply Gaps to Challenge Net-Zero Goals, Study Predicts appeared first on Environment + Energy Leader.
With more than one quarter of the globaleconomy 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.
At this point, the question is not whether major companies will commit to net-zero emissions, but how they plan to achieve this target. Nations that have abundant natural capital such as more hours of sunshine, or that invest in technological, human, and physical capital, will be well positioned to prosper in the net-zeroeconomy.
The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future. The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030.
Financial firms have pledged that more than US$130 trillion of assets will be net-zero by 2050. And 130 countries have also promised to reach net-zero emissions by 2050, including all the G7 countries and South Africa. What is the right speed?
Asset managers’ netzero targets depend on governments living up to their commitments, says Rebecca Mikula-Wright, CEO of AIGCC and IGCC and NZAM Chair. In the past 12 months, signatories have been taking a range of actions to implement their individual netzero commitments.
Such a supply gap would have broader consequences across the globaleconomy, disrupting supply chains for both energy transition and non-energy transition industries, the study says. The post Copper Supply Gaps to Challenge Net-Zero Goals, Study Predicts appeared first on Environment + Energy Leader.
Updated and more ambitious Benchmark used to assess focus companies on their netzero transition plans. C pathway set out in the International Energy Agency’s NetZero Emissions by 2050 Scenario (NZE). The Alignment Assessments further underpin this, with low evidence of companies adopting strategies in line with a 1.5°C
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. percent of global greenhouse gas emissions 1 and moves freight with some of the lowest carbon emissions per tonne.kilometre (t.km) 2 of any transport sector. SOURCE: WSP. DESCRIPTION: By James Peet.
Net-zero" became a key commitment during 2020 — goals that aim to eliminate, at least on paper, a company’s greenhouse gas emissions, water extractions, fossil-fuel use or deforestation activities by a given date. Given this, it was not surprising to see an uptick in corporate ambition on sustainability issues.
DP World is targeting net-zero emissions across all its operations by 2050. "We DP World exists to make the world’s trade flow better, changing what’s possible for the customers and communities we serve globally. We continue to prioritize sustainability in all our operations.
Lehman said these sectors were picked because of their outsized potential to decrease the carbon footprint of the globaleconomy, pointing to estimated emissions reductions related to transitioning to clean energy and to industrial production. The latter area might include, for example, carbon credit exchanges and marketplaces.
As the lynchpin of the globaleconomy, financial institutions not only carry a responsibility to help mitigate climate change, they are also vulnerable to its financial risks. KEYWORDS: NetZero, SEC, Climate Risk, CERES. Senior Associate, Ceres Company Network. Technical Analysis by FutureProof.
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.
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.
HSBC Asset Management announced the launch of the first vintage of its Global Transition Infrastructure Debt strategy, aimed at providing investors with opportunities to finance infrastructure assets facilitating the transition to netzero, in sectors such as clean power, energy efficiency and clean industry.
DESCRIPTION: Two weeks ago, global business and political leaders met at the annual World Economic Forum in Davos to discuss geopolitical and environmental challenges. The need to move towards a net-zeroeconomy, regenerative businesses, and an inclusive globaleconomy were the key topics on the agenda.
Despite the reductions in air travel and the global economic slowdown caused by the pandemic, climate change sadly has not slowed down this past year. We have only until 2030 to get things on track for a net-zero and nature-positive economy — this should sharpen our minds for action.
A new report sets out a strategy for achieving netzero concrete and cement. The sector currently generates 8% of global CO2 emissions: more than aviation and shipping combined. The challenge of increasing emissions is becoming more urgent as production of concrete and cement is increasing to meet global needs.
With ESG gaining more attention and more companies committing to reaching net-zero emissions in the coming decades or otherwise pledging to do better by people and the planet, it’s inevitable that the next generation of professionals in the field will define the future of sustainable finance. Deonna Anderson. Mon, 05/10/2021 - 01:30.
Investors have made pledges towards netzero, they are taking action by engaging with companies, and are increasingly vocal and responsible stewards of the capital they manage. As 200 governments meet, COP28 offers a crucial opportunity to forge a meaningful global public-private partnership for the climate.
It outlines how, despite greater corporate climate disclosure and commitments to greenhouse gas emissions reduction targets, netzero targets and other climate-related goals, many companies fail to adequately disclose sufficient information to investors on how they intend to achieve said ambitions.
While investors and companies are already setting netzero targets, laying out transition plans, and engaging with governments, more needs to be done to reduce methane emissions and reverse nature loss and water degradation across key sectors. The world is facing unprecedented impacts from a warming planet.
The transition to a just, resilient, net-zero future is not possible without small and medium-sized businesses, known as SMEs. They are the engine of today’s economy and the backbone of global supply chains, accounting for about 90% of all businesses and around 70% of jobs worldwide.
Since its inception over a decade ago, the BNEF Pioneers program has witnessed significant advancements in the development and implementation of technologies and solutions aimed at decarbonizing the globaleconomy. Challenge 3: Creating the next generation of net-zero fuels CoverCress Inc.
Hydrogen plays an important role in Cummins’ mission to decarbonize the globaleconomy. The company continues to invest in the advancement of hydrogen and fuel cell technologies as well as the infrastructure to ensure the production of green hydrogen becomes more affordable and globally available. C above pre-industrial levels.
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.
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.
Net-zero commitments exploded last year, with the number of companies making them doubling. Race to Zero, part of the U.N. Framework Convention on Climate Change, estimated that net-zero commitments covered about 68 percent of the globaleconomy in 2021, compared to just 16 percent in 2019, a more than fourfold increase.…
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.
C temperature pathway. Major investor-led engagement initiatives, such as the NetZero Asset Owner Alliance (NZAOA) and Climate Action 100+ , have outlined in their guidance that climate-related engagements and netzero targets should be aligned with a 1.5°C
This will create positively reinforcing ambition loops that can drive the scale required: the right government policies and incentives allow companies to decisively invest in net-zero solutions, which in turn gives governments confidence to step up ambition. . Mitigation: Business and governments must go all in to cut emissions. .
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