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This report should serve as a wake-up call: we need a rapid decline in emissions starting from now – not in five years’ time – if netzero by mid-century is to remain a possibility.” This is far from achieving netzero – and breaches the Paris Agreement with a global warming result of 2.6
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.
Launched in 2021 with Citi and BofA as founding members the Net-Zero Banking Alliance is a coalition of more than 140 banks spanning 44 countries. Bank of Americas netzero finance goal also dates to early 2021 , and the bank has also set a series of financed emissions reduction targets for key sectors.
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.”
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.
JPMorganChase has chosen to exit the Net-Zero Banking Alliance, ESG Today has confirmed, marking the latest in a rapid-fire series of departures from the UN-backed coalition of banks dedicated to advancing global netzero goals through their financing activities. The departure makes JPMorgan the last large-scale U.S.-based
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.
Deutsche Bank announced the publication of its initial Transition Plan, outlining the bank’s methodologies, targets and achievements on its path to net-zero by 2050, across its own operations and supply chain, as well as financed emissions. This will allow us to continuously refine our own Transition Plan.”
Since cruise ships generate their electricity from fuel, Carnival Corporation set out to uncover every area where energy can be saved and cut the amount of fuel used. Installing Air Lubrication Systems (ALS) to help ships glide on a cushion of air bubbles with less friction, reducing fuel use for propulsion by up to 5%.
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.
Make no mistake, for high tech and every industry, netzero is a bottom-line issue. IDC researchers predicted that by 2024, to improve long-term supply chain profitability, 70% of manufacturers in global supply chains will invest in software tools supporting sustainability and a circular economy business model.
The shipping industry accounts for approximately 3% of global greenhouse gas emissions, and is facing increasing pressure to address its climate footprint, as companies look to decarbonize their supply chains, and regulators and governments introduce rules to reduce the sector’s emissions.
ATLANTA, January 9, 2024 /3BL/ - Georgia-Pacific, along with partners The Georgia Forestry Foundation and Jamestown LP , recently met with state and local leadership to discuss how prioritizing and utilizing sustainable structural building materials such as mass timber not only has a positive effect on our environment, but Georgia’s economy.
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. For example, the indicative financed emissions from the UK financial sector in 2019 were found to be 1.8
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. In the 2024 Global 100 ranking, the top-ranked firms allocated 55% of their investments to sustainable projects, up from 47% the year prior. top the 2024 ranking.
But the bigger news for Arrival came earlier in the year, when UPS announced an order of 10,000 purpose-built electric vans, to be delivered through 2024. Global shipping provider DHL also began piloting BYD’s Class 8 trucks in November, adding four vehicles to its fleet in Los Angeles.
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.
Our SEE Net Positive Circular Ecosystem is leading the packaging industry in creating a more environmentally, socially, and economically sustainable future. CHARLOTTE, N.C., Our SEE Impact Report highlights how we are shaping the future of the packaging industry.
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.”
Logistics giant DHL and International Airlines Group’s (IAG) cargo handling business IAG Cargo announced today an expanded agreement, with IAG Cargo to use an additional 60 million liters of sustainable aviation fuel on behalf of DHL Express and DHL Global Forwarding to cover 2024 and 2025 emissions.
After refueling in Rotterdam, AIDAprima will test the new biofuel during regular ship operations on upcoming voyages from Hamburg through the fjords of Norway. The cruise line’s biofuel tests support the overall Carnival Corporation sustainability mission, including its aspiration to achieve net-zero emissions from ship operation by 2050.
International banking group Standard Charteredannounced the release of its inaugural Transition Plan, outlining its detailed plan to achieve its climate goals, including its target to reach netzero emissions across its financing activities by 2050.
Prime Minister Gabriel Attal has agreed to stay on temporarily through the Paris Olympics, and this steadying of the ship will offer organisers of the Games hope that at least the delivery of their programme will run smoothly. However, to reach netzero we must also renovate existing buildings. hotter during July and August.
The company also said that it achieved a reduction its upstream oil and gas exposure by more than 50% on a 2019 basis in Q2 2024, ahead of its goal to do so by 2025, and that it has significantly withdrawn from the thermal coal sector, with exposure at less than 0.1% of its financing portfolio.
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.
January 24, 2024 /3BL/ - In honor of Florida Arbor Day, Duke Energy Florida is collaborating with the Arbor Day Foundation’s Energy-Saving Trees program to give away 900 trees to Florida customers. The 1-gallon trees are shipped directly to customers’ homes with planting and care instructions. PETERSBURG, Fla.,
Our mission at SLB Capturi is to deliver impact at scale with carbon capture as a critical pathway to netzero,” said Egil Fagerland, chief executive officer of SLB Capturi. Hengelo, Netherlands, where 100,000 tonnes of CO 2 will be captured per year at Twence’s waste-to-energy plant.
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.
Through Generative AI, LISSA offers visibility into the estimated carbon emissions associated with various Lenovo sustainabilty solutions such as TruScale Device as a Service (DaaS), Asset Recovery , packaging efficiencies , lower-carbon shipping options , lifecycle extensions , certified refurbishment , and more.
SWORDS, Ireland, January 17, 2024 /3BL/ - Trane Technologies (NYSE:TT), a global climate innovator, has been named to Corporate Knights’ 2024 Global 100 , recognized as the leader in the Building Products industry and ranking 23 rd overall.
Indeed, the connection between environmental health and human health underscores the importance of the medical community’s role in reaching netzero carbon emissions. Our ambitious effort will involve reevaluating every aspect of business and making changes to support achieving net-zero emissions along the company’s entire value chain.
The company’s technology utilizes liquid ammonia into a hybrid fuel cell system to power electric motors, allowing for zero-carbon transportation. This funding will help us to see our mission of forging a path toward net-zero 2050 through and in turn, make the world more sustainable.”
Port operations are notoriously carbon-intensive; the transportation sector creates one-third of the world’s total greenhouse gas emissions, of which shipping accounts for nearly 3%. On April 4, 2024, we unveiled the first charging station for electric trucks at our terminal on the South Dock of the Port of Callao in Peru.
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?
Although prevailing wisdom holds that time is running out, BloombergNEF’s New Energy Outlook 2024 seemingly shows how the world could still achieve the major goal of the Paris Agreement – holding global warming to well below 2°C and avoiding the worst impacts of climate change – and what it would take to get there. is buildings).
Sustainable shipping fuels could reach cost parity with fossil fuels as early as 2035 with the help of decisive emissions policy such as carbon taxes and emissions limits, according to a report launched by technology firm Wärtsilä on 21 March. iii Transporting 80% of world trade, shipping is the engine room of the global economy.
Deutsche Bank announced an update to its Long-Term Incentive plan for Management Board members, the most senior executives in the company, with a portion of compensation for the group linked for the first time to the decarbonization of the bank’s corporate loan portfolio, beginning in 2024.
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. The post Netzero transition – the latest signals of change: April 21, 2023 appeared first on We Mean Business Coalition.
For every billion dollars in exports shipped through U.S. Understanding the environmental impact of seaports When compared to aviation and trucking, ocean shipping remains the most environmentally efficient means of cargo transportation. trillion in economic activity. seaports, 15,000 jobs are created. Crowley, a U.S.
This plant has a capture capacity of 1000 tons of CO2 annually and is planned to be installed in Norway in Fall, 2024. Captura has two operational pilot plants in California and is developing its third in partnership with Equinor. Captura has developed a promising technology, and we are looking forward to joining forces with them.”
AI for environmental sustainability We’re proud to be on-track for our 2030 emissions reductions goals, after announcing our commitment to reach net-zero emissions by 2050 in alignment to the Science Based Targets initiative’s Net-Zero Standard.
ING stated that aligning its portfolio with the International Energy Agency’s (IEA) Net-Zero Emissions by 2050 Roadmap , and that it is on track to reduce its upstream oil and gas portfolio by 19% by 2030, in line with the IEA pathway.
This week in ESG news: IFRS releases global sustainability and climate reporting standards; Australia to introduce mandatory climate disclosure beginning 2024; AstraZeneca announces $400 million reforestation and biodiversity investment; IBM survey finds surge in CEOs with pay tied to ESG goals; UK environment minister quits over government’s climate (..)
Green methanol is the only market-ready and scalable available solution today for shipping. Ørsted and Maersk will continue to investigate opportunities within green fuels together, as Maersk works towards its 2040 net-zero commitment. Production must be increased through collaboration across the ecosystem and around the world.
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