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The agreement follows the release earlier this year by Maersk of goals to reduce emissions across its operations and supplychain, and the achievement by the company of validation of its goal to achieve netzero by 2040 by the Science Based Targets Network. Currently, the company has seven vessels that utilize the fuel.
“The UK government’s latest Industrial Strategy provides unprecedented support for clean energy growth, notably the £1 billion Clean Energy SupplyChain Fund under Great British Energy, including £300 million dedicated to offshore wind supplychains and a £544 million Clean Industry Bonus for offshore wind developers.
Matthew Germain, Co-lead of NetZero Policy and Regulation at Osborne Clarke, highlights incoming measures under the EU Carbon Border Adjustment Mechanism. Although these obligations relate to the EU mechanism, UK businesses should take heed that the Labour government is committed to a UK CBAM that is expected by 2027.
A new strategic partnership between SSE Energy Solutions and Scottish Water Horizons aims to develop low-carbon district heat networks across Scotland, accelerating the country’s journey toward netzero. Heat networks are projected to meet up to 20% of the UK’s heat demand by 2050, according to recent government figures.
Sonichem is working towards the opening of its first commercial plant in 2027, which is expected to be based in Scotland and will process up to 15,000 tonnes of forestry material annually. The UK generates approximately 4.5 million tonnes of wood residues every year.
While reservations on that front were apparent from many of the expected quarters – and the document evinces a confidence in netzero as a route to cheaper energy that seems at increasing variance with much of the wider world – there were also misgivings from some in the sustainability sphere about its fairness.
Growing business momentum Across EU member states, companies are already innovating and transforming their firms to compete in the new clean energy economy and build more resilient supplychains. million tonnes of CO₂ annually and effectively neutralize its emissions.
Heysham 2 (Lancashire) and Torness (East Lothian) will keep producing the putative zero-carbon electricity for an additional two years to March 2030 while Heysham 1 (Lancashire) and Hartlepool (Teesside) will produce power until March 2027, an extension of one year.
In its efforts to move the bloc towards netzero emissions by 2050, the EU introduced a swathe of legislation. And reporting requirements for companies in the scope of the CSRD that would have been required as of 2026 or 2027 would be postponed by two years, until 2028.
Sensing the difficulties, a letter from the Glasgow Financial Alliance for NetZero Secretariat, the Blended Finance Taskforce and the Global Capacity Building Coalition reiterated the ability of the private sector to deliver US$1 trillion toward the annual US$2.4 The UK, it’s worth noting, recently confirmed its CBAM plans for 2027.
Global spirits and beer company Diageo announced today a new partnership with glass manufacturer Encirc to build a hydrogen-powered furnace for the first-ever at scale netzero glass bottle production. The decarbonization of glass packaging also forms a key part of the UK government’s plan to reach netzero by 2050.
Sustainable procurement practices have become one of the key enablers in achieving net-zero targets.” SAP CFO and Executive Board member Dominik Asam said: “Reducing scope 3 emissions is a key factor on the journey to netzero.
Organizations are developing net-zero emissions strategies to take tangible climate action. The global supplychain continues to contribute to a significant part of our social and environmental impacts. Sustainable procurement practices have become one of the key enablers in achieving net-zero targets.
CSRD – Timelines and Structure Based on the status of deployment of the Green deal in January 2024, multinationals will begin reporting in 2025 based on FY2024; large enterprises in 2026 based on FY2025; and publicly listed SMEs in 2027 based on FY2026 (with an opt out option to 2028).
Governments around the world are promoting clean-burning hydrogen as a critical component of our net-zero drive to avert the most catastrophic impacts of climate change. In Canada, the federal government’s 2020 hydrogen strateg y posits the fuel could supply as much as 30% of Canada’s final energy consumption by 2050.
Amgen is well on the path to deliver net-zero for Scope 1 and Scope 2 carbon footprints as part of its 2027 ambition. The original Energize announcement can be found here. Our suppliers’ carbon footprints comprise most of Amgen’s Scope 3 carbon footprint.
Created along the wheat supplychain with farmers, cooperatives, millers as well as agronomists, environment specialists, and NGOs, the Harmony program seeks the commitment of local farmers to follow more sustainable practices in wheat farming. Cage-free eggs We use eggs as ingredients in a few of our products.
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 rules will ban imports of coffee, beef, soy and other commodities if their supplychains are linked to deforestation.
This renewed energy and focus on the energy transition is good news to ensure we continue to move towards the UK’s netzero targets. The “full life cycle” analysis which considers the recapture of carbon dioxide by new trees is a not an attractive analysis when the imperative is to achieve netzero in the near future.
We’ve been able to reconfigure our systems quickly when we see opportunities to improve efficiency, while avoiding supplychain issues due the hardware agnostic nature of the system. Meeting demand and curbing pollution, while achieving netzero by 2050, requires a consumption model revolution.
These social considerations and green building techniques apply to all stages of the project lifecycle and its supplychains, from planning and design to construction and throughout its operation. Now to deliver a netzero building is embedded in the cost of doing business.
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 supplychains, and regulators and governments introduce rules to reduce the sector’s emissions.
The report highlights concerns that the rapid pace of the global energy transition will contribute to escalating cost pressures, attributed to the immense scale of manufacturing, raw materials and labour required to develop and deploy clean energy technologies consistent with netzero goals.
Transitioning to netzero was never going to be a black and white process. However, due to the expense, long-term investment horizons, and unresolved waste management issues, netzero-focused investors haven’t rushed to invest, preferring to channel capital into upscaling renewable energies like solar and wind. .
Companies restoring Texan forests and government plans for decarbonizing shipping are among this week’s netzero Signals of Change. NetZero Economy & Finance At the recent New Global Financing Pact Summit in Paris, governments including the UK, France and Canada committed $2.7 and Europe.
With global trade highly dependent on shipping, achieving netzero may put wind in the sails of other industries’ climate ambitions. For the first time, the IMO has also agreed on an overarching objective to achieve netzero greenhouse gas (GHG) emissions by or around 2050.
Companies must begin reporting Scope 1 and 2 emissions in 2026 for fiscal year 2025 and Scope 3 emissions in 2027 for fiscal year 2026. exchange and private companies will need to disclose their full value chain GHG emissions, including emissions from their supplychain.
Electric vehicle (EV) sales across the world are trending upward, not only driving decarbonisation but reshaping an entire industry and its supplychain. BloombergNEF recently predicted global EV sales will exceed 30 million in 2027, rising to 74 million annually by 2040.
Scottish projects installed between today and 2027 may produce a total lifetime spend of £18.8 ” NetZero and Energy Secretary Michael Matheson said: “The offshore wind sector has a vital role to play in decarbonising our energy system and ensuring we become a net-zero economy by 2045.
Despite the intention to save energy and identify potential renewable energy options, companies are unsettled because of the uncertain situation in Europe (recession/inflation, supplychain problems, energy supply, water shortages, etc.). Over 77% of large UK businesses report that energy costs are a ‘broad-level’ concern.
WRAP warns that achieving the ambitious 70% recycling rate for plastic packaging may not be possible without widespread collection of plastic bags and wrapping directly from homes and workplaces, which will not be fully rolled out until 2027. Supermarket collection points will play an even more vital interim role in the meantime.
According to the International Energy Agency , the world needs to cut 90% of coal use by 2050 and phase out all unabated coal power plants by 2040 to achieve net-zero emissions and avoid the worst impacts of climate change. billion for its energy transition between 2023 and 2027. Its present JETP package includes only US$8.5
Carbon pricing has long been thought of as one of the most effective ways to migrate economies away from fossil fuel dependence to achieve netzero and limit global warming to 1.5°C. A robust CBAM framework was designed for and will be reliant on the fact that free allowances will be cut down to zero.
Rio Tinto had planned to begin extraction in 2027 but protestors claimed the development of a large mine near the town of Loznica in the western Jadar Valley could cause “irreparable damage to the landscape and contaminate the region’s water supplies”. If you are investing in this sector, do you know the risks?
It marks a major step forward towards carbon netzero targets, and highlights how local authorities can drive sustainability by using green solutions to address their environmental challenges.”. The City Corporation is taking a number of bold and ambitious actions to fight back against toxic air in London.
For coal, the proposal envisages a ban on venting and flaring of methane by 2025 from drainage stations and by 2027 from ventilation shafts, ensuring that safety aspects in coal mines are accounted for. These estimates have not included the gas supplychain, which CBI says is a “significant omission”.
Climate reporting regimes push capital towards early contributors to a netzero world. Next out of the blocks, medium-sized and smallish companies above thresholds will have to report on this from 1 July 2026 and 1 July 2027 respectively. Manage the supplychain Value chain emissions are coming to a spreadsheet near you.
The letter also seeks a net-zero electricity grid by 2035, a 50 percent target for electric vehicle sales by 2030, and a renewed commitment to international climate finance. Corporations are making their supplychains and operations more sustainable as part of transformative changes taking place across business sectors.
“A Trump presidency dampens the broader climate investment environment by calling into question the regulatory power of the EPA, state-level control of climate policy, US participation in UN climate funding, judicial partiality on climate-related rulings and supply-chain costs because of tariffs,” says Greenwheel’s Kelly. “If
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