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

Corporate Knights

billion for extreme weather claims in 2024, including for flooding, wildfires and hailstorms. 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. And the insurance industry is partly to blame.

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

3BL Media

and net-zero through the Business Ambition for 1.5C campaign, an official partner of the United Nations Framework Convention on Climate Change (UNFCCC) Race to Zero campaign. On January 19, 2023, Lenovo announced its SBTi validated target to reach net-zero greenhouse gas (GHG) emissions by 2050. Read more

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2024 Net Zero Report: Aligning Corporate Vision With Decarbonization Realities

GreenBiz

ENGIE Impact’s 2024 Net Zero Report reveals five core roadblocks preventing organizations from making headway with their decarbonization plans.

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Henkel Defines Net-Zero Targets

3BL Media

DÜSSELDORF, Germany, November 4, 2024 /3BL/ - In line with its ambitions for sustainability within its agenda for purposeful growth, Henkel has defined a net-zero roadmap, substantially extending its targets for emissions reduction along the value chain. We all have to take responsibility and help limit global warming to 1.5°C,

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Canadian Banks Follow U.S. Peers Out of Net Zero Banking Alliance

ESG Today

Most of Canadas major banks have elected to exit the Net-Zero Banking Alliance (NZBA), continuing a largely North America-focused exodus from the UN-backed coalition of banks dedicated to advancing global net zero goals through their financing activities, kicked off last month by their Wall Street peers.

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Shareholders Call on Shell to Explain Consistency of Plans to Grow LNG Production with its Net Zero Goals

ESG Today

The new resolution follows the release last year by Shell of its Energy Transition Strategy 2024, the first update to its Powering Progress strategy, launched in 2021, outlining the companys climate transition roadmap and goals.

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