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Green groups urge UN to raise climate ambition on global shipping. The global shipping industry's decarbonization efforts once again face stormy seas. Faïg Abbasov, head of shipping at campaign group Transport & Environment, told BusinessGreen the proposal was "essentially an empty shell." "To Cecilia Keating. To achieve 1.5
VANCOUVER, Canada, December 14, 2023 /3BL/ - DP World , a global leader in integrated supply chain solutions, has endorsed a new Memorandum of Understanding (MOU) aimed at establishing an international green shipping corridor linking Canada’s West Coast with ports in Asia and the Middle East. Lawrence Seaway.
Maritime shipping accounts for around 3% of global greenhouse gas emissions, and are on track to roughly double by 2050 under most economic scenarios. Maritime shipping accounts for around 3% of global greenhouse gas emissions, and are on track to roughly double by 2050 under most economic scenarios.
The idea of green shipping corridors – referring to specific trade routes where the feasibility of zero-emission shipping is catalysed by public and private action – has gained currency in recent years, but progress could stall without urgent action from governments to overcome a “feasibility wall.”
Building reputations and opening new revenue streams As explained in Deloitte’s The Sustainable Consumer 2023 report, “The application of circular principles offers significant potential for organisations to achieve commercial and strategic objectives including cost reduction, value chain resilience, new revenue streams and net-zero targets.”
SANTO DOMINGO, Dominican Republic, November 27, 2024 /3BL/ - DP World , a global leader in logistics and supply chain solutions, has successfully received the MSC Marie, an Ultra-Large Container Vessel (ULCV), at the Port of Caucedo, the largest ship to ever dock in the Dominican Republic.
MIAMI, May 23, 2024 /3BL/ - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world's largest cruise company and its AIDA Cruises line were honored with three ESG Shipping Awards for environmental excellence at an international ceremony in Athens, Greece this week.
Moller – Maersk and Amazon announced today an agreement for ocean shipping utilizing low to very low GHG emissions biofuels in place of fossil fuels. Amazon has set a goal to achieve netzero carbon emissions by 2040 across its value chain. We share a common goal with Amazon to reduce our total GHG emissions to netzero by 2040.
DHL’s GoGreen service provides shippers with the option of climate-neutral shipping through investments in internationally recognized climate protection projects to offset emissions generated during transport. That’s why we’re thrilled to collaborate with partners like DHL, who share our passion for Net-Zero.
And now, the 2023 federal budget promises $20 billion in new funding for clean power and green infrastructure. The firm found a buyer for the jar lids – which had never touched the contaminated product – and it shipped the peanut butter to an anaerobic digester that converted that waste to biogas, creating low-cost community energy.
JPMorgan Chase announced updates to its interim financed emissions reduction targets for three carbon-intensive sectors, including Oil & Gas, Electric Power and Auto Manufacturing, raising the ambition for each to align with pathways required to achieve netzero by 2050. Click here to access JPMorgan Chase’s 2023 Climate Report.
As of 2023, 12 percent of travel volume worldwide was for business, but the level is falling thanks to videoconferencing. Cisco, which has a goal to reach netzero GHG emissions across its value chain by 2040 , is also striving to improve the lifecycle efficiency of its products. Efficiency offers clear return on investment.
Global food and beverage company Nestlé announced today a series of agreements enabling the company to shift the equivalent of half of its global shipping needs to alternative, lower-emission fuels, effective immediately. Under the deal signed with Maersk, Nestlé will use Maersk’s ECO Delivery solution for 100% of ocean containers shipped.
On renewable energy, the advice is to more than triple the capacity of solar and wind (onshore and offshore) from 15 GW in 2023, to 49 GW by 2035, further increasing its share to 66 GW by 2045. of vans being electric in 2023, rising to three-fifths of cars and vans being fully electric by 2035, and then 94% being electric in 2045.
VMware released its 2023 Environmental Social and Governance (ESG) Report , sharing progress and demonstrating its commitment to creating a more sustainable, equitable and secure digital world. The report provides benchmarks toward the goals outlined in its 2030 Agenda , a decade-long ESG commitment that guides business actions across VMware.
Despite progress on scaling up low carbon energy production and industrial technologies, significant barriers remain in the way of the global ambition to achieve netzero emissions by 2050 and to limit temperature rise 1.5°C,
Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people, today released its 2023 Environmental, Social and Governance (ESG) Report: Empowering Sustainable Futures. Continuing to transition to renewable energy. Supporting Ukraine’s recovery.
Amazon revealed that it has grown its use of rail and sea transportation by 50% in 2023 in Europe, resulting in significant reductions in carbon emissions, as well as speeding up customer deliveries and inventory transfers, according to the company. Amazon has set a goal to achieve netzero carbon emissions by 2040 across its value chain.
July 6, 2023 /3BL/ - Lenovo has once again been named in the Gartner Supply Chain Top 25 for 2023, ranking eighth in this list of global companies with supply chains. The Gartner Supply Chain Top 25 identifies, celebrates and profiles supply chain excellence on a global scale, and by target region and industry.
times higher than the UK's own greenhouse gas emissions (excluding aviation and shipping). South Pole can help you navigate the existing framework as well as the new netzero guidance (FINZ) which will replace it in Q4 2023. trillion USD in fossil fuels. However, greater action is required to fully realise this.
Global shipping provider DHL also began piloting BYD’s Class 8 trucks in November, adding four vehicles to its fleet in Los Angeles. That easily could grow as DHL works to meet a goal of net-zero logistics-related emissions by 2050. Daimler expects to start piloting the truck in 2023 and making it commercially available by 2025.
COP28 may have not delivered all it promised, but investors now have a clearer idea of how the path to netzero will impact their portfolios. The first-ever mention of “transitioning away from fossil fuels” in COP final text was regarded as a major milestone on the path to netzero, even by those who acknowledged its multiple caveats.
A closer look at their capital investments, however, indicates that in 2022 a few key players were earnestly investing in turning that ship around. But 2023 has been the year of oil industry backpedalling on renewables and doubling down on fossil fuels. Other underperformers on our list are U.K. Suncor invested 10.4%
Released last month, the IPCC’s 2023 Climate Change Report signals that a vast reduction in fossil fuel use is urgently needed to slow global warming and ensure a livable, sustainable future. Additionally, Bank of America offers lending to customers for renewable projects and is a member of the Glasgow Financial Alliance for Net-Zero.
We continue to implement important initiatives that have kept us ahead of our ambitious goals to reduce emissions, and this new shore power capability will allow our ships to rely on the electrical grid to power our ships while in port.”
The company has set goals to fly with 10% SAF by 2030 and reach netzero by 2050. IAG recently said that it had signed $1 billion in SAF investment agreements as of the end of 2023, and that it has already secured a third of the SAF required to meet its 2030 SAF goal.
TAIPEI, Taiwan, September 14, 2023 /3BL/ - Acer Inc. In addition, to reduce carbon emissions in shipping its products worldwide, Acer has partnered with logistics provider Kuehne+Nagel to reduce standard sea containers emissions thanks to biofuel on various routes since Q4’22.
Skip to ranking BY Shawn McCarthy January 17, 2024 As 2023 came to a close, the World Meteorological Organization declared it to be the hottest year on record. Sims recycles scrap metal in 30 countries, and Brambles rents recycled shipping pallets and containers around the globe. Two Australian companies, Sims Ltd. and Brambles Ltd.,
SWORDS, Ireland, November 20, 2023 /3BL/ - Trane Technologies (NYSE: TT), a global climate innovator, today announced a significant milestone for its industry-leading, sustainable climate solutions – with more than one million HVAC units with low-carbon steel shipped to homeowners and commercial customers across the U.S.
December 6, 2023 /3BL/ - Carnival Corporation & plc (NYSE/LSE: CCL; NYSE: CUK), the world’s largest cruise company, today announced it has achieved a 38% reduction in food waste per passenger relative to its 2019 baseline, nearing its interim target to reduce food waste by 40% per person by 2025 on its path toward a 50% reduction by 2030.
Signals of change in the netzero transition this week include EU reforms of its carbon market and deforestation laws, and a $1 billion wind project in Laos. IKEA aims for 60% of deliveries in the UK and Irish markets to be zero-emission by the end of Summer 2023.
The shipping industry’s green transition will be stuck in the slow lane without incentives and rules to drive more private investment to diverse innovations, COP28 heard yesterday. Green fuels seen as lifeline, as CEOs call on regulator to accelerate reforms at COP28.
Global financial services company Citi announced today new interim targets for financed emissions reductions in key carbon-intensive sectors, including auto manufacturing, commercial real estate, steel and thermal coal mining, forming part of the bank’s plan to achieve its 2050 netzero greenhouse gas (GHG) financing goal.
Originally published in Lenovo's 2023/24 ESG Report I am pleased to introduce our FY 2023/24 Environmental, Social and Governance (ESG) report. In 2023, Lenovo announced the new reduced carbon transport service for global logistics, as well as L.I.S.S.A., This solution is a breakthrough for the 2.3
Netzero Signals of Change this week include a plan for COP28 and the EU Nature Restoration Law. NetZero Economy & Finance Sultan al Jaber, COP28 President, laid out the UAE’s plans for this year’s global climate summit at a meeting of governments this week. 26 companies had their science-based targets approved.
Originally published in Scaling Circularity: Novelis 2023 Sustainability Report Our carbon neutral by 2050 goal demonstrates our long-term commitment and is the pinnacle of our sustainability journey. We also disclose our GHG emissions intensity, measured as our total CO2e per tonne of flat rolled product (tFRP) shipped.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. International shipping accounted for 2% of global energy-related CO2 emissions last year, according to the International Energy Agency (IEA). What progress has the IMO made?
Details are outlined in the full report, titled “Sustainable from Ship to Shore,” and available on the company’s website at www.CarnivalSustainability.com. Since we’re so aggressively tracking toward all our 2030 sustainability goals, we’re evaluating new interim targets along our pursuit of netzero GHG emissions by 2050.”
Under Deutsche Bank’s new long-term incentive program for the Management Board, the Environmental KPI of the ESG compensation component will focus entirely on the bank’s financed emissions reduction targets for disclosed carbon intensive sectors, in line with its published pathways to netzero.
Coal-fired power plant chimneys: In fast-growing economies, rapidly increasing energy demand is triggering investment in both low carbon and fossil fuel generation, leaving certain countries, including India and China, unlikely to reach netzero until much later. Progress across different sectors is varied.
San Franciso-based lifestyle brand Allbirds announced the creation of “M0.0NSHOT,” described by the company as the world’s first netzero carbon shoe, achieved without relying on offsets. Allbirds said that it will officially reveal the shoe in June 2023, with availability in spring 2024.
The 1-gallon trees are shipped directly to customers’ homes with planting and care instructions. Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.
Lenovo’s European customers benefit from knowing that the datacenter infrastructure tested in the Innovation Center, and shipped from Budapest come from a secure and stable supply chain, and contribute to the European economy.
September 6, 2023 /3BL/ - To support carbon-conscious enterprise customers in their sustainability journeys, Lenovo is offering a Reduced Carbon Transport Service, a distinct offering that gives enterprises the option to lower their carbon impact when IT devices are air shipped. RALEIGH, N.C.,
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