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BP hits the brakes on transition away from fossil fuels

Corporate Knights

Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement. In 2022, BP invested US$4 billion (or 25% of its total investments, including capital expenditures and acquisitions) in renewables. But BP also invested $5.3

Net Zero 337
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The 25 most sustainable private companies in the world

Corporate Knights

While publicly traded companies often dominate the headlines, private companies are a much larger part of the global economy. trillion in 2022, thanks to an increasing number of private equity funds and assets, up from about US$600 billion in 2000. In 2022, Imperial became a wholly owned business of DP World.

Net Zero 209
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Climate Action 100+ Net Zero Company Benchmark Shows Continued Progress on Ambition Contrasted by a Lack of Detailed Plans of Action

3BL Media

The results show that most focus companies are not moving fast enough to align with the goals of the Paris Agreement and reduce investors’ risk. CTI’s assessments show that the CapEx plans of oil and gas companies across the board are not aligned with the Paris Agreement goals. C) pathway.

Net Zero 147
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Ceres Releases New Guide To Aid U.S. Food Sector’s Climate Transition Plans As Investors Ramp Up Pressure

3BL Media

As of January 2022, only 21 of the 50 highest greenhouse gas-emitting North American food companies tracked by the Ceres’ Food Emissions 50 initiative have set any short-term emissions reduction targets inclusive of scope 3 emissions , the largest source of emissions in this sector.

Net Zero 246
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COP27: A Breakthrough for People and Planet

3BL Media

Serving as a negotiator to the series of Climate Change COP events since COP21 (2015) where the Paris Agreement was adopted, Dr Abdel-Aziz provided the Alliance with exclusive insight into this year’s landmark developments and future prospects. Human activity is overloading the natural carbon cycle.

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CA100+ Flags “Missing Link” Between Words and Climate Action

Chris Hall

Climate Action 100+ (CA100+) has warned that carbon-intensive companies are not progressing fast enough to align with the objectives of the Paris Agreement, supporting the rationale for its revised engagement strategy.

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ING Faces Climate Lawsuit from Group that Won Case Against Shell

ESG Today

The group noted that ING emissions are greater than all financial institutions in the Netherlands, at 61 megatons of greenhouse gases in 2022, and that the bank has a higher emissions intensity, or emissions per unit of investment, than most Dutch financials. C, and to reduce its CO2 emissions by at least 48% by 2030, on a 2019 basis.