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

Corporate Knights

A new report published by Reclaim Finance on Thursday calculates that, between 2021 and 2023, 400 banks put $213 billion toward LNG expansion and 400 investors funded the buildout with $252 billion as of May 2024. Many large banks have pledged to reach net-zero emissions, yet they are still financing the LNG boom.

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Alberta's conservative party invites climate disinformation into policy debate

Corporate Knights

Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions. Energy Information Administration.

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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 and net-zero through the Business Ambition for 1.5C

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Virgin’s Net Zero Goals Approved by SBTi

ESG Today

UK-based conglomerate Virgin announced that its climate targets, including its goal to achieve net-zero greenhouse gas emissions (GHG) across the value chain by 2050, have been approved by the Science Based Target initiative (SBTi). C temperature rise threshold.

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What 2024’s costly climate disasters mean for home insurance rates in 2025

Corporate Knights

billion in fossil fuels in 2023, fuelling extreme weather and damages to property. Globally, insurance companies like Allianz, Zurich, Munich Re, Suncorp, Generali and others are aligning themselves with net-zero by halting the underwriting of fossil fuel expansion. Canadian insurers invested more than $19.5

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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. Reaching net-zero as we grow remains vital. Private market assets grew to US$9.7

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Use of Employee Incentives to Hit Climate Goals More than Doubles Over Past Year: Accenture

ESG Today

While companies are increasingly adopting emissions reduction measures, however, the report found that less than one in five are on track to hit net zero emissions in their operations by 2050. over the prior year, after growing from 27% in 2021.

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