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Report: Many global companies’ net-zero pledges fail the smell test

Corporate Knights

Hundreds of corporations are proclaiming their climate commitments with four little words: net-zero by 2050. A new Corporate Climate Responsibility Monitor report examined 25 global giants – from Amazon to Volkswagen – that have publicly made net-zero or carbon-neutral commitments.

Net Zero 353
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A tidal wave of new carbon emissions data soon will be upon us

GreenBiz

Slow-to-change investors and greenwashers in the business community will lose their cover to continue propping up the fossil fuel economy. Should it happen within a matter of months as proponents hope, its effects will spread around the world to dramatic effect.

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ESG Today: Week in Review

ESG Today

This week in ESG news: SBTi publishes first draft of new corporate net zero standard; Canadas new PM cancels consumer carbon tax; Amazon launches service to sell carbon credits to companies; UBS pushes back net zero goals after acquiring Credit Suisse; BlackRock enhances sustainability characteristics for funds ahead of new regulations; global accounting (..)

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Aviation is plotting a sustainable course

GreenBiz

In the climate world, aviation is referred to as a hard-to-abate sector, alongside other heavy industries — shipping, aluminum, cement and concrete, among others — that aren’t easy to decarbonize through redesign or electrification. aviation sector to achieve a 35 percent reduction in carbon emissions by 2035 and net zero emissions by 2050.

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Take-off for the Net Zero Transition  

Chris Hall

COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to net zero 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 net zero, even by those who acknowledged its multiple caveats.

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Net Zero Scrutiny Intensifies at COP27 

Chris Hall

Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .

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ESG Today: Week in Review

ESG Today

This week in ESG news: Germany’s €50 billion industrial decarbonization plan; U.S.