GreenBiz

MARCH 26, 2021

Despite net-zero pledges, banks used $750 billion to finance fossil fuels in 2020. Net-zero commitments may have ricocheted across banking sector over the last 18 months, but big banks' attestations of climate concern did not stop many from expanding financing for the world's top fossil fuel firms during the pandemic year.

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Net Zero Banking Paris Agreement Climate Change 398

Corporate Knights

MARCH 24, 2022

In the pursuit of its net-zero 2050 goal, Canada needs a rigorous strategy to require banks and other key financial system players, including Crown corporations, to fully align their operations with the country’s international climate commitments. And any delay means risk and means losing money.”.

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Net Zero Banking Paris Agreement Climate Change 345

Corporate Knights

NOVEMBER 26, 2024

For the first time carbon credits will be recognized under the Paris Agreement, enabling countries and companies to use offsets to meet their carbon reduction targets, potentially giving a huge boost to carbon credit trading. The market in 2023 was only a fraction of this total at US$723 million, according to Ecosystem Marketplace.

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Carbon Offsets Paris Agreement Net Zero Banking 278

3BL Media

APRIL 6, 2022

Plant-Based Foods Leader Aligns with Science Based Targets Initiative (SBTi) to Set Measurable Actions for Achieving Net-Zero by 2050. announced today its commitment to achieve net-zero emissions by 2050 in line with the Science Based Targets Initiative’s (SBTi) Net - Zero Standard.

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Net Zero Paris Agreement Decarbonize Supply Chains 246

Corporate Knights

OCTOBER 28, 2024

Indeed, the embedded, or production, emissions of an electric car will likely account for around 60% of total life-cycle emissions by 2030, with steel making up anywhere from 16% to 27% of that, according to the EU-based advocacy group Transport and Energy. And General Motors announced a supply agreement with U.S.

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Net Zero Decarbonize Paris Agreement Supply Chains 208

3BL Media

MARCH 25, 2022

In November 2021, we were proud to publicly announce our goal to achieve net-zero global emissions across our value chain by 2040, joining more than 2,000 businesses around the world committed to the Science Based Targets initiative (SBTi). What does it mean to achieve net-zero? Why 2040 vs 2050? Why set interim goals?

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Net Zero Chief Sustainability Officer Paris Agreement Carbon Offsets 246

Corporate Knights

JANUARY 21, 2022

Many of the world’s biggest banks face the enormous challenge of realigning their entire loans and investment operations in the coming years to put themselves on a credible path to achieve net-zero carbon emissions by 2050. “We Ultimately, best practices come down to are we seeing year-over-year changes in their capital flows?”.

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ESG Today

NOVEMBER 11, 2024

While companies are increasingly adopting emissions reduction measures, however, the report found that less than one in five are on track to hit net zero emissions in their operations by 2050. over the prior year, after growing from 27% in 2021. over the prior year, after growing from 27% in 2021.

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Net Zero Paris Agreement Decarbonize Waste 118

GreenBiz

MARCH 31, 2021

Most recently the company committed to powering global operations on 100% renewable energy by 2025 as part of The Climate Pledge, a commitment to be net-zero carbon by 2040, 10 years ahead of the Paris Agreement. How will the company get there five years ahead of the initial 2030 target?

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Paris Agreement Net Zero Zero Carbon 404

Corporate Knights

NOVEMBER 11, 2024

Whoever invented the notion of herding cats never imagined the frustrations of guiding 190 nations along the complex path to net-zero. With little to no power to enforce compliance, Stiell has responsibility without authority.

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Paris Agreement Climate Change Net Zero Development 162

3BL Media

APRIL 22, 2025

above pre-industrial levels as outlined in the Paris Agreement. The International Energy Agency (IEA) predicts that global demand for fossil fuels will peak before 2030 , driven by rapid growth in renewables, the rise of electric vehicles, and improving energy efficiency. When will fossil fuel demand peak?

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GreenBiz

OCTOBER 20, 2020

IMO member states are meeting this week for critical talks to discuss how the carbon-intensive shipping industry can be regulated to meet its 2030 climate target of reducing its carbon emissions intensity by 40 percent compared to 2008 levels.

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Shipping Net Zero Decarbonize Supply Chains 436

ESG Today

OCTOBER 28, 2024

In a new report issued by Morgan Stanley revealing the new approach, however, the firm reiterated that “we remain steadfast in our commitment to net-zero and will continue to engage with clients on climate transition strategies to help move the world to net-zero emissions by 2050.” C above preindustrial levels.”

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Corporate Knights

APRIL 21, 2025

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. Reaching net-zero as we grow remains vital. Go-Ahead Group Ltd Net-zero-aligned transporter Go-Ahead is a U.K.-based

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GreenBiz

DECEMBER 7, 2020

The financial services firm recently completed the purchase of the first tranche of reef credits and plans to continue buying them as part of its net-zero commitment. per credit, and GreenCollar estimates that the market for reef credits could be worth over 6 million credits by 2030. . HSBC paid $36.40 Pull Quote.

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Net Zero Climate Change Paris Agreement Supply Chains 467

3BL Media

MAY 28, 2024

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 net zero by mid-century is to remain a possibility.” The new report indicates that the speed with which clean technologies and decarbonization of the power sector are scaled up is crucial.

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ESG Today

JANUARY 30, 2025

The new decarbonization goal will form the basis of Switzerlands second Nationally Determined Contribution (NDC) under the Paris Agreement, which the Swiss Federal Council said will be submitted to the UN Framework Convention on Climate Change (UNFCCC) by February 10.

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3BL Media

NOVEMBER 10, 2022

DESCRIPTION: PARIS and SHARM EL-SHEIKH, Egypt, November 10, 2022 /3BL Media/ — The Consumer Goods Forum (CGF) has launched the Net Zero Playbook for Consumer Industries in collaboration with its members, Accenture and the Race to Zero. Click here to access the Net Zero Playbook for Consumer Industries. # # #.

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Corporate Knights

DECEMBER 19, 2022

HSBC announced last week that it will continue to support production in existing fields to provide an “orderly transition” to a net-zero world by 2050. HSBC will maintain its financing and investment in existing oil and gas fields at 2020 levels through 2030 and then reduce it by half by 2050.

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Net Zero Banking Paris Agreement Climate Change 317

Corporate Knights

OCTOBER 21, 2024

Under the 2021 Net-Zero Emissions Accountability Act, Ottawa must publish targets for 2035 by December 1, and Environment Minister Steven Guilbeault has confirmed the government will release the proposed targets on schedule. Under the Paris climate agreement, countries are expected to ratchet up their targets every five years.

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Net Zero Paris Agreement Climate Change Supply Chains 309

Corporate Knights

FEBRUARY 14, 2023

The company was one of the first oil majors to commit to being net-zero in 2050 and was showing signs it was open to speeding up its transition to a low-carbon future. And at the end of January, the company even predicted that oil demand would peak by the early 2030s.

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ESG Today

AUGUST 4, 2022

The Government of India announced the approval by cabinet of a new series of 2030 climate commitments, including a pledge to reduce emissions intensity by 45% and to transition to approximately 50% electric power from non-fossil-based sources. The post India Commits to 45% Emissions Intensity Reduction by 2030 appeared first on ESG Today.

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Paris Agreement Net Zero COP26 Climate Change 145

ESG Today

NOVEMBER 12, 2024

The initial case by Friends of the Earth Netherlands argued that Shell was in breach of its legal duty of care due to its impact on climate change, and that the company was undermining the ambitions of the Paris Agreement to limit average temperature rise to well below 2˚C, and to pursue efforts to limit to 1.5˚C.

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3BL Media

JANUARY 17, 2024

The Net Zero goal, i.e. reduction of greenhouse gas emissions and the subsequent removal of residual emissions to as close to zero as possible along the entire value chain , is at the heart of the European Green Deal and considered crucial to limiting global warming to well below 2°C in line with the Paris Agreement.

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Corporate Knights

FEBRUARY 10, 2023

Citigroup and Bank of America – the two largest banks financing recent fossil fuel projects -- are expected to take the brunt of the action. “Bank of America has publicly committed to the Paris Agreement but continues to finance fossil fuel expansion with no phase-out plan,” Kate Monahan of Trillium Asset Management said in a statement. “By

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Banking Net Zero Paris Agreement Development 351

Corporate Knights

SEPTEMBER 16, 2022

In a report released the same day, the three advocacy groups recommend that Ottawa ’ s banking regulator require financial institutions to adopt a “ credible climate plan ” that would include interim targets for 2025 and 2030. . Senator Rosa Galvez is also critical of the regulator ’ s approach.

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3BL Media

OCTOBER 18, 2023

Updated and more ambitious Benchmark used to assess focus companies on their net zero transition plans. The results show that most focus companies are not moving fast enough to align with the goals of the Paris Agreement and reduce investors’ risk. C remains possible due to the growth of clean energy technologies.

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ESG Today

MARCH 18, 2025

Nordea announced a commitment in 2021 to become a net zero bank by 2050 , along with a series of interim 2030 targets including reductions in carbon emissions from lending and investment portfolios by 40-50%, reductions in internal carbon emissions by at least 50% and the achievement of net positive carbon contribution.

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ESG Today

JANUARY 7, 2025

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 net zero goals through their financing activities. The departure makes JPMorgan the last large-scale U.S.-based

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Net Zero Banking Paris Agreement Shipping 117

ESG Today

JANUARY 25, 2024

HSBC announced today the launch of its first Net Zero Transition Plan, outlining the global bank’s strategy to finance and support the transition to net zero, and to meet the climate goals it has set over the past few years. Click here to access the HSBC Net Zero Transition Plan.

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Chris Hall

NOVEMBER 14, 2024

Multi-stakeholder dialogue seen as essential in unlocking capital for net zero solutions, as GSIA calls for development of national transition plans. The CPI had previously estimated that global investment must increase at least seven times by the end of this decade to align with Paris Agreement objectives.

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Paris Agreement Net Zero Sustainable Investment Climate Change 64

ESG Today

AUGUST 11, 2022

C in line with the Paris Agreement. Burberry is the first luxury fashion brand to receive approval by the initiative for its net zero emissions target. Burberry’s net-zero targets match the urgency of the climate crisis and set a clear example that their peers must follow.”. by 2030, from a 2019 baseline.

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Net Zero Paris Agreement Climate Change Supply Chains 118

3BL Media

OCTOBER 25, 2024

Our growing portfolio of zero-carbon resources plays an integral role in helping us meet these objectives. Our greenhouse gas reduction goals are to achieve 50% reduction from 2007 levels by 2030 and to reach net zero by 2050, consistent with the commitments of the Paris Agreement.

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Net Zero Zero Carbon Paris Agreement Supply Chains 147

ESG Today

JUNE 4, 2025

The company said that the announcement marks a key step towards its commitment to reach net zero carbon emissions by 2050. DuPonts 2024 sustainability report further details the companys progress toward its 2030 goals. Scope 3 emissions were also down 39% from 2020 levels.

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Paris Agreement Net Zero CDP Zero Carbon 73

3BL Media

APRIL 28, 2022

To support the ICT sector’s transition to a low carbon economy, the International Telecommunication Union (ITU) has released the Net Zero standard 1 ) to guide companies in the sector on setting Net Zero targets and strategies. C ambition set by the Paris Agreement. of the global carbon footprint.

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Net Zero Supply Chains Supply Chain Paris Agreement 246

3BL Media

AUGUST 30, 2022

DESCRIPTION: The race is on, proclaims the United Nations, to create a Net Zero economy (same amount of greenhouse gas /GHG emissions removed from the atmosphere as produced). Public conversations about Net Zero are usually about “fossil fuels vs. renewables” and the impact of each category on climate change.

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Net Zero Paris Agreement Climate Change Banking 113

ESG Today

NOVEMBER 16, 2023

JPMorgan Chase announced updates to its interim financed emissions reduction targets for three carbon-intensive sectors, including Oil & Gas, Electric Power and Auto Manufacturing, raising the ambition for each to align with pathways required to achieve net zero by 2050.

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