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Banks flout net-zero targets to cash in on the next LNG boom

Corporate Knights

Liquefied natural gas developers have expansion plans that could release 10 additional metric gigatons of climate pollution by 2030, and major banks and investors are enabling them to the tune of nearly $500 billion. Instead of winding down financing, these banks are winding it up, as LNG funding increased by 25% from 2021 to 2023.

Net Zero 252
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New framework for CO2 offsets could create "cowboy carbon markets," critics warn

Corporate Knights

For the first time carbon credits will be recognized under the Paris Agreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. The market in 2023 was only a fraction of this total at US$723 million, according to Ecosystem Marketplace.

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OECD Warns of Climate-alignment “Blind Spot”

Chris Hall

By 2023, 77 countries had adopted climate-related transparency and information policies, like environmental taxonomies. Climate-related systemic risk will not be properly reflected by financial markets until governments ensure both real economy and financial sector policies support climate alignment, recent research suggests.

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Breakthrough International Agreement Reached at COP29 to Advance Global Carbon Market

ESG Today

of the Paris Agreement, key for advancing the establishment and growth of a global carbon market. The consensus will help develop and approve methodologies for cutting carbon usage, establish a market-based system for carbon credits, register activities, and accredit third-party verification bodies. degrees Celsius.”

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Leading the Way To Net-Zero: Lenovo’s Science-Based Emissions Reduction Targets and 2050 Net-Zero Strategy

3BL Media

Originally published in Lenovo's 2023/24 ESG Report Lenovo has responded to the Science Based Targets initiative (SBTi)s urgent call for corporate climate action by committing to align with 1.5C On January 19, 2023, Lenovo announced its SBTi validated target to reach net-zero greenhouse gas (GHG) emissions by 2050.

Net Zero 173
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The 25 most sustainable private companies in the world

Corporate Knights

Worldwide, there are more than 95,000 private companies with annual revenues over US$100 million, compared to only 10,000 public companies over that threshold, according to a 2023 report from investment management firm Hamilton Lane. By 2023, Bosch reported that 99% of its electricity requirements were met by green energy.

Net Zero 214
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GRI, CDP to Strengthen Alignment of Sustainability Reporting Frameworks

ESG Today

The Global Reporting Initiative (GRI) and CDP announced today a new cooperation agreement which will see the organizations more closely collaborate and align their reporting standards and platform, to help ease sustainability reporting for companies and improve access to data on corporate environmental impacts.

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