article thumbnail

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

GreenBiz

While the pledge provides limited detail on the measures it will take to slash the carbon emissions of its portfolio or operations, the bank said it would establish "clear, measurable pathways" to net-zero using the Paris Agreement's Capital Transition Assessment Tool (PACTA). Pull Quote. Finance & Investing.

Net Zero 452
article thumbnail

Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. As the U.K. has a role to play in pushing for the highest possible ambition at this week's talks.

Shipping 476
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

FABLE Pathways Consortium holds 5th Meeting in Beijing

Sustainable Development Network

of the Paris Agreement), to which several FABLE country teams are already contributing. of the Paris Agreement), to which several FABLE country teams are already contributing. The FABLE analyses will also assess international spillover effects to ensure that national pathways are consistent with global objectives.

article thumbnail

Take Five: A “Starting Point” for Sustainability Reporting 

Chris Hall

Much of its £14 billion debt pile was built up under the ownership of Australian bank Macquarie, but its current investors – including Canada’s OMERS and the UK’s USS – have not seen a dividend since buying into the company in 2017. They’ve also agreed to fund an eight-year transformation programme to the tune of £1.5

COP26 52
article thumbnail

Investing in Climate Justice

Stanford Social Innovation

Yet the goal of the 2015 Paris Agreement is to limit long-term temperature increases to well below 2 degrees—preferably 1.5 To date, investors have mostly focused on climate mitigation through reduced emissions, but the 2021 United Nations Climate Change Conference (COP26) took a step toward adaptation.

article thumbnail

COP27 litmus test: Will wealthy countries finally pay for climate change loss and damage?

Corporate Knights

Since 2017, donor nations have met only 54% on average of the amounts needed in extreme weather-related appeals, leaving a shortfall estimated at between US$28 and $33 billion.”. An increasing number of countries now support the idea of averting loss and damage through mitigation, and minimizing losses through climate change adaptation.

article thumbnail

Materials innovation and sustainability: 2021 business opportunities

Tobias Webb

In 2017, Unilever promised that its plastic packaging would contain at least 25% post-consumer resin recycled plastic by 2025. For Chung, with COP26 taking place, the US re-entering the Paris Agreement and China fully committed, 2021 is the year for delivering on the climate. “We