This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
HSBC , for example, recently pushed back its own target to achieve netzero emissions in its operations and supply chain by 20 years to 2050, and placed its interim financed emissions targets under review, all major U.S. In the report, UBS said that its assets under management with a netzero ambition reached $64.4
BMW announced its procurement of “carbon-reduced” steel supplied by H2 Green Steel, based in Sweden, and has partnered with Salzgitter AG to receive “low-carbon steel” in 2026. They can influence demand for green steel.” Steel’s great big carbon footprint Around 75% of steel worldwide is manufactured using coal-fired blast furnaces.
Supplying 460 GWh of power per year, the VPPA will cover approximately 30% of Ahold Delhaize’s total electricity demands in its European operations, contributing to the company’s climate goals , including its target to reach net-zero carbon emissions in its operations no later than 2040.
The agreement follows the release earlier this year by Maersk of goals to reduce emissions across its operations and supply chain, and the achievement by the company of validation of its goal to achieve netzero by 2040 by the Science Based Targets Network. Production will begin in 2026 and the deal will extend into the 2030s.
By 2026, for instance, 20% of total vehicle sales by a manufacturer or importer should be electric. By 2030, zero-emission vehicles must make up 60% of total sales. The post Canada can’t hit its net-zero goals without phasing out gas-guzzling vehicles appeared first on Corporate Knights.
The appointment follows a tumultuous year for the SBTi, which saw its prior CEO resign following a controversial plan by the organization to allow the use of carbon credits in corporate netzero plans. The SBTis new Corporate Net-Zero Standard is still in development, with plans to bring it into effect in 2026.
Reaching net-zero as we grow remains vital. The company aims to achieve net-zero emissions by 2050, in line with the Paris Agreement, largely by helping its customers switch to electric vehicles. Go-Ahead Group Ltd Net-zero-aligned transporter Go-Ahead is a U.K.-based
The new proposal would also require companies to provide net-zero roadmaps with plans to achieve the goals of Switzerlands recently passed Climate and Innovation Act, which includes a commitment to reach netzero greenhouse gas (GHG) emissions by 2050.
Canada has set national climate goals including commitments to cut GHG emissions by 40% – 45% by 2030 , and to reach netzero emissions by 2050. The sector is also a major employer in Canada, supporting approximately 400,000 jobs.
Fragrance and taste company Firmenich announced a commitment to achieve netzero greenhouse gas (GHG) emissions across its value chain by 2039. Last year, the organization launched its NetZero Standard , setting stringent criteria which it uses to assess and certify corporate commitments to achieve netzero emissions.
A growing number of Canada’s largest public pension administrators and investment managers have made net-zero-emissions commitments. The responses lacked consistency on climate risk disclosure, pathways to achieve net-zero emissions, and robust near-term action for managing climate risks and meeting long-term targets.
The company said that it plans to use the new capital to reach multi tons per day hydrogen production capacity in operation by 2026, and to addressseveral end-use markets such as large scale and decentralized ammonia cracking, natural hydrogen production in the USA and maritime decarbonization applications.
As a result, our slate of emissions reduction projects are now prioritized from 2023 through 2026. The pathways shown remain the most current forecast of our route to netzero; carbon offsets and credits are still estimated to represent about one-quarter of our net-zero strategy.
As parcel volumes surge to 8.5bn by 2026, delivery vehicles are the fastest growing sub-segment representing 35% of these emissions. He continued: “Reaching net-zero requires technological ambition and innovative thinking.
RELATED Canadian investors stand firm on ESG despite greenhushing trend, report finds The anti-DEI movement confronts an unlikely opponent: big banks Meet the four most sustainable funds on the market for 2025 Deadlines to submit reports starting in 2026 will be pushed back to 2028.
The company did note, however, the potential for developments in 2025 that may help shape the case for the projects, including a scheduled review of CBAM, as well as reviews of the EU’s steel safeguards which are currently in place until mid-2026 to protect steel producers, and the proposed publication of an EU Steel and Metals Action Plan.
The path to a cleaner economy is well-populated by net-zero targets, but credible plans to achieve those goals have remained elusive. During his election campaign, Prime Minister Mark Carney promised that his government would finalize and implement the guidelines by fall 2026.
According to the CAAS, the use of SAF is anticipated to contribute nearly two thirds of the emissions reductions required for the sector to reach netzero by 2050. Fuel accounts for the vast majority of the aviation sector’s emissions.
Phase 1 comprises of 200MW which went live on 3 March and will be followed by a further 100MW in 2026, making a total of 300MW/600MWh. Battery storage plays a critical role in the UKs netzero transition with over 22GW required as a minimum in the Governments Clean Power 2030 Plan.
Beauty and wellness products manufacturer and retailer L’Occitane Group announced today the publication of its Climate Strategy, outlining its roadmap of targets and initiatives to achieve its climate goals, including the company’s ambition to achieve netzero emissions across its value chain by 2050.
The Climate Change Committee (CCC) published its advice on the recommended level of Scotlands forthcoming four carbon budgets (covering the period 2026 to 2045) on 21 May, presenting what it suggested was a good news story about how Scotland can decarbonise. 1 As of 2022, emissions were 50% below 1990 levels.
Multinational pharmaceutical company Teva Pharmaceutical announced a series of new sustainability goals, including targets to achieve netzero emissions across the company’s operations and value chain by 2045 and to reach 100% renewable electricity across all Teva sites by 2035.
Corporate reporting under the new law is set to begin in 2026. SB 261 applies to U.S. companies that do business in California and with revenues greater that $500 million to prepare a report disclosing their climate-related financial risk, as well as measures to reduce and adapt to that risk.
The first co-located clean energy project under the new partnership is anticipated to be operational in 2026, and fully complete in 2027. Peterson Corio added that Google hopes to replicate the new model across the U.S and around the world.
In 2021 , the PE industry reached more than US$5 trillion in assets under management, with expectations to grow well beyond $11 trillion by 2026. As of May 2022, the NetZero Asset Managers initiative (an international group of asset managers committed to net-zero) had grown to 273 investors who collectively manage US$61.3
Saudi Arabias development megaproject NEOM and Riyadh-based sustainable data center developer DataVolt announced that they have signed a new agreement, aimed at establishing a net-zero AI factory campus in NEOMs Oxagon region. The agreement includes plans for $5 billion of investment in its first phase, establishing a 1.5
Such deals, alongside other SAF introductions in the DHL network in San Francisco, East Midlands and Amsterdam, will exceed half of DHL Express’s target of reaching 10 per cent SAF blending for all air transport by 2026. SAF is a cornerstone of the aviation industry’s efforts to achieve net-zero emissions by 2050.
DESCRIPTION: Microplásticos announces goal of being Net-Zero in Scope 1 and 2 by 2030. Collaboration will support Schneider Electric’s Zero Carbon Project to decarbonize supply chain. To learn more about Schneider Electrics Zero Carbon Project, click here. SOURCE: Schneider Electric.
The standard setter emphasises internal decarbonisation, action-based targets as part of revamped netzero standard for corporates. Wyburd said that while carbon credits and removals can support the path to netzero, they must never be a substitute for internal decarbonisation.
The House also voted to pass a new law establishing a new NetZero Economy Authority, responsible for guiding the country’s economic transformation to netzero emissions, including reskilling workers for the energy transition, and coordinating with industry and investors on transformation opportunities.
Moller – Maersk announced today a major fuel purchase agreement with China-based clean energy company Goldwind, for the offtake of 500,000 tonnes per year of green methanol, beginning in 2026. Moller – Maersk aims to reach net-zero greenhouse gas emissions by 2040 across its business.
Signals of change in the netzero transition this week include a major industrial decarbonization project in Germany and carbon-capturing tequila in Mexico. CLG UK has shared a new policy brief setting out seven key areas the country must prioritize in the netzero transition.
As such, agriculture is a focus area for Corporate Knights’s recently launched Earth Index initiative , which tracks progress toward meeting national 2030 targets on the road to a net-zero future. .
DESCRIPTION: June 15, 2022 /3BL Media/ - McKinsey & Company today released its 2021 ESG Report and shared progress the firm is making on its path to achieve net-zero climate impact by 2030. SOURCE: McKinsey & Company. C-degree pathway.
In late June, the environment ministers of the 27 European states agreed to reduce the allowable CO2 emissions of new vehicles in 2035 to zero – putting an end to engines running on gasoline, diesel or natural gas. Meanwhile, California regulators are also working toward a 2035 ban on new fossil-fuel vehicles.
Signals of change in the netzero transition this week include the passing of key climate legislation in Australia and the EU. NetZero Economy EU legislators reached an agreement on new climate legislation this week to double the share of renewables in the bloc’s electricity mix by 2030.
CanREA looks forward to continued collaboration with BC Hydro and the Government of BC to ensure successful outcomes in planned future procurements the next in this series of power calls is expected in 2026. This announcement also opened the door to the future use of utility-scale batteries, with BC Hydro committing to exploring their use.
1, 2026, for a total of $148.62 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. Accounting for that, beginning Jan. to $140.33 increase on Jan.
LGPS Central has stressed that its new NetZero Strategy for long-term emissions reductions will not be derailed by the UK government’s recent watering down of climate policy. C. “There would be peaks and troughs both in the emissions charts but also in terms of policy support and political will,” he added.
The number of companies proclaiming their intent to go net-zero by 2050 has expanded exponentially in the past 12 months, but the ones short-cutting that commitment by a decade are a rarer breed. The extension will see $6 million more invested through 2026, initially in the Dominican Republic, Ecuador and Guatemala.
As part of our transition to netzero, we have announced a series of innovative partnerships which are decarbonising our operations, expanding access to renewable energy and contributing to the circular economy. We are on track to reduce GHG emissions from our global operations (Scope 1 and 2) by 98% by 2026.
The companys goals include making its products from more sustainable materials, or those produced using renewable or recycled resources and generating little or no waste, by 2032, as well as its targets to reach netzero emissions across the value chain by 2050 and to reduce carbon emissions by 37% by 2032, on a 2019 basis.
In 2021, the International Air Transport Association (IATA) set a target for the aviation industry to achieve net-zero emissions by 2050. Then in June, Airbus, Uniper, Siemens Energy and Sasol also announced that they were partnering to open an e-kerosene production facility in Hamburg that would be operational in 2026.
These can boost investment not only in defence, but also other critical objectives including the netzero transition. The former central banker has also promised to move forward with mandatory climate risk disclosures and Canadas long-awaited taxonomy with guidance for priority sectors from the fall of 2026.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content