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One of our clients recently declared a bold ambition: achieving NetZero Carbon Emissions by 2050. Amid escalating climatechange, achieving netzero carbon emissions has become a crucial goal for many organizations. When we asked for their plan, they replied, “That’s why you guys are here.”
Members of Alberta’s governing United Conservative Party are debating whether to abandon existing net-zero targets at the party’s annual general meeting in Red Deer this week – a move that would further signal the province’s departure from global and national priorities for mitigating emissions.
Improving Biodiversity and Communities With Net-Zero Goals. Join GreenBiz and SilviaTerra co-founder and CEO Zack Parisa for a discussion about the correlation between climatechange, biodiversity, and community. Every year, more and more organizations pledge to go net-zero.
To achieve net-zero, let’s agree on one definition of success. But any chief sustainability officer will fall short of their responsibility if they simply cite net-zero as a strategic goal. However, at the scale of countries, cities, institutions and companies, defining net-zero emissions is tricky.
Transform to NetZero: Microsoft, Nike, Starbucks team up on corporate climate alliance. They also have committed to share information on investing in carbon-reduction technologies and to collectively push for public policies that accelerate the netzero transition. Cecilia Keating. Wed, 07/22/2020 - 00:20.
Originally published in Lenovo's 2023/24 ESG Report Lenovo has responded to the Science Based Targets initiative (SBTi)s urgent call for corporate climate action by committing to align with 1.5C and net-zero through the Business Ambition for 1.5C
In stopping climatechange, time is as important as tech. The only sure path to stop climatechange is to zero out greenhouse gas emissions as soon as possible. To keep within the remaining carbon budget for 2 degrees C, we have to cut our emissions drastically, reaching net-zero emissions as soon as possible.
HSBC is latest bank to pledge net-zero financed emissions by mid-century. 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. Cecilia Keating.
The CCA's role is likely to become more important in the lead up to a federal election set to focus on netzero. The post Matt Kean to helm ClimateChange Authority, says no to nuclear appeared first on RenewEconomy.
Net-zero pledges have become commonplace among corporations, financial institutions and cities, but questions abound as to whether those companies and governments have real plans in place to achieve them. In many cases, corporations or local governments don’t yet know how they will achieve net-zero status by 2050.
The Canadian oil and gas industry is engaging in greenwashing by endorsing a 2050 net-zero target while actively lobbying against measures that would achieve that climate goal, international non-profit InfluenceMap says in a report. C,” the report said. Meanwhile, they’re hiking dividends and share buybacks.
As the warming climate drives up temperatures and ignites wildfires across many parts of the globe this summer, a new study shows some of the world’s largest asset management companies have some of the smallest net-zero targets for their portfolios. . trillion in assets, came last at 4% net-zero assets under management.
Increasingly companies around the world are under pressure to respond to global climatechange. The time is now to establish your path to Destination: NetZero and CFOs are recognizing the near-term need to address global climatechange. This white paper outlines a step?by?step
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.
Canada’s provincial governments need comprehensive net-zeroclimate strategies to drive growth in the green economy, but some are sending mixed policy signals to the companies that will create tomorrow’s jobs, says a new report from the Canadian Climate Institute. . However, B.C.
Is the golf industry doing enough to combat climatechange? Sports leagues are seeing the impacts and the surge of climate-responsible athletes using their platforms to promote positive environmental and social impact — it’s something for the history books. Aubrey McCormick. Fri, 04/09/2021 - 02:00.
A new report renders a damning portrait of Canada’s Big Five banks on their path to net-zero emissions by 2050. The Big Five banks have taken little voluntary action to align their business practices with their own net-zero commitments. billion in fossil lending and underwriting out of total financing activity of U.S.$499
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.”.
Australia has committed to reducing carbon emissions to netzero. The ClimateChange Authority report is the most important analysis to date on how to get there. The post Yes, we can reach netzero by 2050: New report maps path in more detail than ever before appeared first on RenewEconomy.
Let’s imagine Australia was able to use politics to work on the single largest threat facing us: climatechange. The post Australia can reach netzero emissions much quicker than 2050. Here’s how appeared first on RenewEconomy.
Duncan Kenyon is the director of corporate engagement with Investors for Paris Compliance (I4PC), with over 20 years of environmental, business and climate-change leadership experience. . The good news is that most of Canada’s big oil companies have pledged to achieve net-zero emissions by 2050.
While the insurance industry recognizes the central role of climatechange and preaches adaptation, it is silent on its own complicity. Globally, insurance companies like Allianz, Zurich, Munich Re, Suncorp, Generali and others are aligning themselves with net-zero by halting the underwriting of fossil fuel expansion.
Still, producers want the federal government to include exported LNG as part of its climatechange strategy, including policies for preferential financing. Ottawa is currently developing a transition taxonomy – essentially a guideline as to which types of investments are appropriate in the transition to a net-zero economy.
One of Australia's first ministers for climatechange and a former trade unionist will head up the body charged with helping communities transition from fossil fuels. The post Ex Labor climate minister Greg Combet to chair federal NetZero Agency appeared first on RenewEconomy.
Indias Ministry of Finance announced the release of a draft framework for its Climate Finance Taxonomy, its classification system for identifying sustainable economic activities aligned with its climate goals, aimed at enabling the facilitation of major capital flows required to support the netzero transition, while preventing greenwashing.
Former chair of the Committee on ClimateChange Lord Deben believes the country can get back on track to netzero and regain its status as a global leader. In May, the court found the government’s inadequate climate strategy to be unlawful for the second time. Lord Deben was a principal witness for the prosecution.
The organizations key functions include defining and promoting best practice in emissions reductions and net-zero targets in line with climate science, providing technical assistance to companies who set science-based targets, and providing companies with independent assessment and validation of their emissions reduction targets.
Meta is pledging to contract at least $35 million for carbon removal projects in the coming year as part of our goal to achieve netzero emissions across our value chain in 2030. Reducing our GHG emissions across our global operations and value chain remains the most effective strategy to reach netzero.
Originally published in Lenovo's 2023/24 ESG Report Lenovo recognizes that human activities are contributing to climatechange and concurs with the findings of current climate science as described in the latest assessment report from the Intergovernmental Panel on ClimateChange (IPCC).
Another landmark report by the Intergovernmental Panel on ClimateChange provides stark warnings but stresses that rapidly putting the global economy on course to net-zero emissions by 2050 could hugely reduce escalating impacts.
As a headline, it is big, splashy and promising: a coalition full of financial giants pledges a colossal sum to address climatechange. But can that pledge be counted on?
Over the last decade and a half, a standard form has emerged in which governments and corporations have made their promise to do so: the net-zero target. As a strategy, the net-zero target has been criticized by climate advocates; at its worst, it can be a vague, unenforceable greenwashing program. In the U.S.,
Sponsored: Regardless whether we realize it, the climate economy is transforming every aspect of our lives. We are finally serious about combating climatechange and adopting our way to a healthier planet.
Climatechange will disrupt our lives more and more until the world reaches netzero not even Australian Rules football is safe. The post Footy faces cyclones and record heat it’s just a taste of what’s to come from climatechange appeared first on RenewEconomy.
The recognition from CDP shows Essitys commitment to become netzero by 2050 and our engagement in the Science Based Target initiative (SBTi) since 2017. Climatechange is one of the defining issues of our time, and its global effects are far-reaching.
The world is watching as tens of thousands of leaders gather for the 28 th UN ClimateChange Conference ( COP28 ) at Expo City in Dubai, UAE, from November 30 to December 12. SAP can help 87% of total global commerce organize its supply chain, transportation, and financial data in a way that enables a circular and netzero economy.”
For example, companies representing more than 90% of global GDP have already committed to some form of netzero target ( netzero is a state where any new greenhouse gas emissions are balanced by removals). In many cases, however, companies aren’t yet acting on their netzero goals. This is a problem.
Michael Sambasivam and Adam Scott Transition funds are an important investment class, as they can help supply some of the trillions needed to achieve net-zero by 2050 or sooner, while offering savvy investors a venue through which to access transition opportunities.
group advocating market-based solutions to climatechange, cautiously praised the deal. While its true impact will hinge on strong implementation that delivers measurable benefits for people and nature, this agreement represents a historic opportunity to elevate carbon markets as a tool for meaningful climate action.”
Whoever invented the notion of herding cats never imagined the frustrations of guiding 190 nations along the complex path to net-zero. Beryl is yet more painful proof: every year, fossil-fuel-driven climate costs are an economic wrecking ball hitting billions of households and small businesses.”
The Science Based Targets initiative (SBTi), one of the key organizations focused on aligning corporate environmental sustainability action with the global goals of limiting climatechange, announced the appointment of climate action and sustainability veteran David Kennedy as its new CEO.
As a global leader in sustainable energy, waste and water operations with decades of experience, we work directly with our customers to achieve these triple netzero goals. Theyre taking measures such as cutting back on greenhouse gas emissions, keeping their waste streams out of landfills or adopting water recycling technologies.
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