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Over 75% of Companies Have Cut Emissions Intensity Since Paris Agreement: Accenture

ESG Today

For the study, Destination Net Zero, Accenture examined the 2,000 largest public and private companies by revenue globally, analyzing their net zero commitments, decarbonization levers and track records of reducing operational Scope 1 and 2 greenhouse gas emissions.

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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. “We Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”.

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Investors crank up the heat on bank fossil fuel financing

Corporate Knights

According to a new report, just 7% of bank funding has gone towards renewable energy between 2016 and 2022 , while the world’s banks continued to plow trillions of dollars into fossil fuel expansion. “The total amounts of clean energy financing in these years remained abysmally low: US$23.2 billion in 2016 and $34.5

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Shell Sets 2030 Goal to Reduce Emissions from Customers’ Use of Gasoline and Diesel

ESG Today

In 2020, Shell announced a commitment to achieve net zero in its operations by 2050, and in 2021, the company launched its “Powering Progress” strategy , detailing how it will achieve its target to be a net-zero energy business by 2050 across Scope 1, 2 and 3 emissions, with initiatives including investing in renewable and clean energy solutions.

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BNP Paribas Sued over Fossil Fuel Financing

ESG Today

BNP Paribas is Europe’s leading funder of the development of fossil fuels, and the fifth largest in the world, according to the NGOs, providing $55 billion of financing between 2016 and 2022. The financial sector has a huge responsibility in our collective ability to comply with the Paris Agreement.”

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Burberry Steps Out With New £300m Sustainability Loan

3BL Media

Burberry plans to become net zero by 2040 and will invest in nature-based projects with carbon benefits to restore and protect natural ecosystems and boost the livelihoods of global communities. pathway laid out in the Paris Agreement.

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What is the Science-Based Targets initiative (SBTi)?

Sphera

In 2016 the earth’s average temperature was the warmest since recordkeeping began in 1880. Reduction targets are “science-based” if they align with levels the scientific community deems necessary to meet the 1.5 - 2 °C temperature reduction target set by the 2015 Paris Agreement. Net-zero targets.