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Morgan Stanley Softens Climate Targets

ESG Today

Morgan Stanley revealed the introduction of a new range-based approach to its financed emissions reduction targets, introducing a new lower band to reflect the fact that the global economy and policy is not currently on track to with the ambition to limit the global temperature increase to 1.5°C C above preindustrial levels.”

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The 25 most sustainable private companies in the world

Corporate Knights

While publicly traded companies often dominate the headlines, private companies are a much larger part of the global economy. A new project to transport wind energy to the Ruhr region will make an important contribution to the security of supply in Germany and Europe in the future as early as 2030, Amprion CTO Hendrik Neumann says.

Net Zero 214
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The facts of climate progress are the antidote to pessimism

Corporate Knights

That left its collective emissions 37% lower than 1990 levels, all while the economy grew nearly 70% bigger. The EU remains on track to cut emissions 55% below where they were in 1990 by 2030. The vast majority of major economies of the world remain deadly serious about decarbonization. We need to keep pace.

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HSBC is latest bank to pledge net-zero financed emissions by mid-century

GreenBiz

HSBC has become the latest bank to commit to achieving net-zero financed emissions, announcing Monday that it intends to align its portfolio of investments and debt financing with global climate targets by mid-century. Pull Quote. Finance & Investing.

Net Zero 402
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BP hits the brakes on transition away from fossil fuels

Corporate Knights

The company is still committed to being net-zero by 2050, but observers say it’s a lot harder to see a pathway to reach such a goal without a stronger target for 2030. Follow This plans to introduce a resolution at BP’s annual general meeting in May calling for the company to align its 2030 targets with the Paris Agreement.

Net Zero 338
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Green groups urge UN to raise climate ambition on global shipping

GreenBiz

Seasoned observers fear that growing calls for a bolder and more ambitious global policy framework are continuing to founder on the rocks of vested interests and short-term cost concerns. .

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A new Swedish iron processing project could disrupt the global steel industry

GreenBiz

Looking forward, with customers, investors and policymakers increasing pressure to adhere to the Paris Agreement, reducing greenhouse gas emissions is a critical element of maintaining competitiveness. New challenges, new opportunities. Change requires exploration of new concepts and solutions.