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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

In an open letter to its clients, HSBC CEO Noel Quinn said the bank had been motivated to ramp up its environmental ambition by customer concern about climate change. "We It also said it would work with the broader finance sector to create a standard to measure financed emissions and support a functioning carbon offset market.

Net Zero 452
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Racing to Net-Zero: A Captivating but Distant Ambition

Stanford Social Innovation

The reasoning is simple: A traditional carbon offset only prevents additional CO 2 from entering the atmosphere (instead of removing already-emitted CO 2 ). As a result, since it does not physically undo the emissions of the purchaser, there is no quantity of traditional offsets that can, at scale, get the world to net-zero.

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Keeping on the Straight and Narrow

Chris Hall

Existing voluntary climate-related reporting guidance – such as that provided by the Task Force on Climate-related Financial Disclosure (TCFD) and Climate Action 100+ (CA100+) – will inform the TPT’s efforts. . C of global warming promised by signatories of the Paris Agreement. .

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20 C-suite sustainability champions for 2021

GreenBiz

The big stories of 2020 were not just about a pandemic, a reckoning on racial justice, an economic calamity and the ever-imminent rise of climate change impacts. If we lose that battle, the world will give up a lot of the gains that we’ve had and perhaps many we could have in areas like environment and climate change.".