How banks can accelerate net-zero emissions commitments
GreenBiz
OCTOBER 27, 2021
On the eve of COP26, large banks have yet so shift fundamentally towards the Paris Agreement.
HSBC is latest bank to pledge net-zero financed emissions by mid-century
GreenBiz
OCTOBER 13, 2020
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.
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Manufacturing Sustainability Surge: Your Guide to Data-Driven Energy Optimization & Decarbonization
Trending Sources
New UN panel looks to hold companies, governments accountable for net-zero pledges
Corporate Knights
JULY 4, 2022
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.
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The Consumer Goods Forum Launches the "Net Zero Playbook For Consumer Industries", in Collaboration With Accenture
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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Fossil fuel expansion will be the litmus test for banks’ net-zero promises
Corporate Knights
JANUARY 21, 2022
Civil society organizations are gearing up to hold financial industry players accountable on the lofty commitments they made at COP26 in November. The post Fossil fuel expansion will be the litmus test for banks’ net-zero promises appeared first on Corporate Knights. Danielle Fugere, CEO at As You Sow.
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'Red flag for COP26': Most high-carbon companies shooting 'wide of the mark' for a 2C world
GreenBiz
MARCH 23, 2020
Investor-led Transitions Pathway Initiative warns four in five firms in carbon-intensive sectors currently fail Paris Agreement test.
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Bond Investors Can Help Hold Companies Accountable Post COP26
3BL Media
JANUARY 25, 2022
DESCRIPTION: The United Nations Glasgow Climate Change Conference, also known as COP26, concluded in November with 200 nations signing the Glasgow Climate Pact (GCP), an agreement that could accelerate climate action and drive big carbon cuts. COP26 Reflects Increased Drive for Climate Action . SOURCE: AllianceBernstein.
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Net zero by 2050 is “too little too late”: Scientists make a case for net negative strategies
Envirotec Magazine
AUGUST 30, 2021
A report published on 26 August by an independent group of experts warns that reaching net zero greenhouse gas emissions by 2050 is now “too little too late”, and will not achieve the long-term temperature goals identified in the Paris Agreement to limit global warming to 1.5°C license ). C by the end of the century.
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ICYMI, Opportunity Narrows on Meeting Paris Agreement Goals
Chris Hall
APRIL 8, 2022
Focused on mitigation, the report noted that progress on the alignment of financial flows towards the goals of the Paris Agreement remained slow, with tracked climate finance flows distributed unevenly across regions and sectors. . trillion, warned that “only a very small window remains to meet the goals of the Paris Agreement”.
Net Zero Scrutiny Intensifies at COP27
Chris Hall
NOVEMBER 9, 2022
Sharm El Sheikh sees progress on accountability and transparency of net zero pledges, but many admit need for regulatory intervention. . New mechanisms for keeping private sector climate promises have taken big steps forward at COP27 this week, while major banks provided limited visibility on their path to net zero. .
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Finance Sector Net Zero Plans Must Respect Planetary Limits – SBTi
Chris Hall
APRIL 12, 2022
The Science-Based Targets Initiative (SBTi) has set out four guiding principles for financial institutions (FIs) to follow to ensure their net zero strategies are consistent with action required to meet “planetary level” emissions targets, in keeping with wider sustainability and societal climate goals. C above pre-industrial levels.
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India Commits to 45% Emissions Intensity Reduction by 2030
ESG Today
AUGUST 4, 2022
NDCs are a major part of countries’ obligations under the Paris Agreement, outlining their interim commitments on the pathway to net zero. The updated NDC represents the framework for India’s cleaner energy transition for the 2021-2030 period and marks a step towards the country’s goal to reach net zero by 2070.
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Updated climate commitments ahead of COP26 summit fall far short, but net zero pledges provide hope, says UNEP report
Envirotec Magazine
OCTOBER 26, 2021
New and updated climate commitments fall far short of what is needed to meet the goals of the Paris Agreement, leaving the world on track for a global temperature rise of at least 2.7°C However, net zero pledges are still vague, incomplete in many cases, and inconsistent with most 2030 NDCs. Zeroing in on net zero.
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COP26: Statement from the We Mean Business Coalition
We Mean Business Coalition
NOVEMBER 11, 2021
As we approach the critical final stages of COP26, the We Mean Business Coalition is calling on governments to take bold decisions to keep the 1.5°C C temperature goal of the Paris Agreement alive, and to ensure a just transition. . C within reach, and to transition to a net-zero global economy by 2050 at the latest.
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ICYMI, the Path to Net Zero is Getting Steeper
Chris Hall
JUNE 17, 2022
Climate negotiators, Wall Street executives and pretty much anyone involved in efforts to decarbonise the planet were left in little doubt that the path to net zero means constant improvement and rigorous scrutiny. The post ICYMI, the Path to Net Zero is Getting Steeper appeared first on ESG Investor.
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Lessons of giants will bring us to a greener future
Corporate Knights
JANUARY 27, 2022
Financial firms have pledged that more than US$130 trillion of assets will be net-zero by 2050. And 130 countries have also promised to reach net-zero emissions by 2050, including all the G7 countries and South Africa. What is the right speed?
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This Week’s Tech and Tools News: FTSE Russell Presents Net Zero Index Series in Japan
Chris Hall
APRIL 22, 2022
Global index, data and analytics provider FTSE Russell has partnered with the Japan Exchange Group (JPX) and JPX-owned subsidiary JPX Market Innovation and Research to launch the FTSE JPX Net Zero Japan Index series. It consists of two indexes, the FTSE JPX Net Zero Japan 500 index and the FTSE JPX Net Zero Japan 200 index.
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Policymaker Inaction on Climate “Eroding Investor Confidence”
Chris Hall
MARCH 22, 2023
Investors increasingly unsure what is required to meet Paris Agreement targets. A lack of action by policymakers has caused investor confidence in achieving Paris Agreement goals to wane, according to data from international asset manager Robeco’s 2023 Climate Survey. trillion in AuM.
Analyzing Carbon Offset Markets’ role in our journey to a net-zero world
Carlos Sanchez
NOVEMBER 24, 2021
While some recognise carbon offsets markets as key for us to achieve net-zero emissions world by 2050 by funnelling cash into cost-effective projects, others believe credits are a dangerous distraction that allows polluters to pay their way out of the problem. Introduction. 1 – 1.5ºC emission pathway (Source McKinsey & Co).
What Net-Zero companies are and How to start the journey
Carlos Sanchez
DECEMBER 17, 2020
Net-zero emissions companies is one of the fastest-growing business trends. According to scientists achieving net-zero before 2050 is critical to keeping us safe from the catastrophic consequences of climate change. Still, many organizations struggle to make their first steps to become Net-Zero companies.
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Green groups urge UN to raise climate ambition on global shipping
GreenBiz
OCTOBER 20, 2020
Campaigners maintain that stronger ambition is required given that the 2030 target the IMO is working towards — a 40 percent reduction in carbon-intensity emissions — is not aligned with the Paris Agreement in the first place. A statement provided by Shell welcomed signs that some form of new regulatory regime was on the way.
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1.5°C “Goalposts” Must Not Be Moved Post-COP28
Chris Hall
NOVEMBER 9, 2023
C temperature increase are moved it could jeopardise investor attempts to reach Paris Agreement targets. Cost of inaction The International Energy Agency (IEA) recently published an updated Net Zero Roadmap, which called for ambitious action to limit global warming to 1.5°C. trillion in 2023 to US$4.5 C pathway.
AD trade body responds to IPCC report: UK commitment “needed more than ever ahead of COP26”
Envirotec Magazine
AUGUST 30, 2021
“Given the very stark message issued by the IPCC, it is crucial that the British Government shows leadership in fully integrating AD and biogas into its Paris Agreement and Net Zero targets”, she continues. There is no Net Zero without biogas.”, ”, Charlotte Morton concludes.
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Time to Take Stock
Chris Hall
OCTOBER 6, 2023
Garraway notes that COP26 had a notable success on the climate mitigation front, with a strong focus on increasing ambition over the course of two years, despite the postponement caused by the pandemic. C target set by the Paris Agreement before 2040, according to UN Intergovernmental Panel on Climate Change’s (IPCC) AR6 Synthesis report.
Don’t bet the farm on forests and soils?
Envirotec Magazine
JANUARY 12, 2023
New research by the University of East Anglia highlights the risks of countries relying on nature-based solutions to achieve net zero. National climate strategies set out how countries plan to reduce emissions, for example by phasing out fossil-fuel use, to get to net-zero in 2050.
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Commodity AND Security
Chris Hall
JULY 15, 2022
When global leaders gathered at COP26 last year, governments pledged ambitious 2030 emissions reduction targets to achieve net zero by 2050. An ideological shift demanded that addressing the impact of climate change be a holistic global effort across both the public and private sectors as codified by Article 6 of the agreement.
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Concrete actions to increase the sustainability of food and land still missing from COP26 climate pledges
Sustainable Development Network
NOVEMBER 16, 2021
A new report by SDSN’s Food, Environment, Land and Development (FELD) Action Tracker explores the extent to which key countries include transformations of food and land systems—necessary to meet both climate and Sustainable Development Goals—in their Nationally Determined Contributions submitted before COP26. To stay below 1.5°C
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UNFCCC on the Edge
Chris Hall
NOVEMBER 29, 2023
If approved, it will lead to the setting up of RAF as a standardised template for organisations to submit their net zero pledges and transition plans for publication in GCAP, says Gillod. But, Gillod is also cautious about how much impact the UNFCCC’s RAF can actually have. “It
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G7 Leaders Support Development of Global Sustainable Disclosure Standards
ESG Today
MAY 22, 2023
Leaders of leading industrial nations at the Japan-hosted G7 summit in Hiroshima made a series of announcements in support of their Paris Agreement commitments to limit global temperature rise to 1.5°C,
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Here’s how developing countries can do more on climate
Renewable Energy World
OCTOBER 14, 2021
Our planet faces an unprecedented slate of climate risks, and world leaders are gathering at COP26 in Glasgow next month with a mandate to stave off disaster. Under the Paris Agreement , which the U.S. recently rejoined, signatories agreed to do whatever it takes to reach a net-zero future within a couple of decades.
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Four Ways Development Agencies Can Advance Carbon Markets
3BL Media
SEPTEMBER 28, 2022
This is the third in a three-part series exploring how Article 6 of the Paris Agreement can spur the clean energy transition. The 2021 United Nations Climate Change Conference (COP26) established an accounting mechanism known as the “corresponding adjustment” to ensure that only one country counts each emission reduction.
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Three New Business Models to Achieve Carbon-Reduction Goals
3BL Media
SEPTEMBER 23, 2022
Looking at Cooperative Approaches as a Market-Based Path Toward Net Zero. DESCRIPTION: Tetra Tech’s Rodrigo Chaparro, senior climate advisor, looks at three Cooperative Approaches as a market-based path toward net zero in advance of the 2022 United Nations Climate Change Conference (COP27). SOURCE: Tetra Tech.
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New report highlights potential of mine energy in achieving UK net zero target
Envirotec Magazine
MAY 25, 2021
A new white paper published by the Mine Energy Taskforce and Local Energy Hub network has called for greater support for mine energy as a key low carbon heat source in the UK that can contribute to government’s ambition to reach net zero by 2050. For more information visit www.northeastlep.co.uk.
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Business welcomes The Glasgow Climate Pact: We Mean Business Coalition statement
We Mean Business Coalition
NOVEMBER 13, 2021
This statement is the We Mean Business Coalition response to the Glasgow Climate Pact, agreed at COP26. . C and implement the Paris Agreement and will be welcomed by the business community. It underscores the resilience of the Paris Agreement and the power of multilateralism to achieve our shared aims.
Regulator Bans HSBC Ads Highlighting Green Activities as Misleading
ESG Today
OCTOBER 19, 2022
The ruling referred to ads displayed in bus stops in London and Bristol in October 2021, in the run-up to the COP26 climate conference, promoting HSBC’s initiatives to provide up to $1 trillion in finance and investment to help clients transition to net zero, and to help plant 2 million trees.
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From Ambition to Delivery
Chris Hall
FEBRUARY 23, 2022
While pushing for public policy action in support of COP26 commitments, private sector actors must accelerate their low carbon transition, say experts. In the wake of COP26, it falls on many shoulders to implement and operationalise the rhetoric of Glasgow. Time for action. A carbon price is key,” he said.
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ICYMI, We Really did Have Everything
Chris Hall
JANUARY 28, 2022
The COP26 President this week added his voice to those calling for urgent climate action in 2022. Rarely sighted since Glasgow, but never in one place for long, the COP26 President gave a thoughtful if not exactly rousing speech. Nevertheless, he warned, 12 weeks have now passed since COP26 opened. Action must begin now.”.
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UN Ramps up Pressure on Financial Institutions
Chris Hall
JUNE 22, 2022
The United Nations has intensified scrutiny of financial institutions, with its Race to Zero (RTZ) campaign issuing tougher criteria and Secretary General Antonio Guterres saying fossil fuel companies and those that finance them “have humanity by the throat.” . The picture is mixed across the industry and within sectors.
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6 Key Tasks at COP27
Chris Hall
OCTOBER 14, 2022
At the closing of COP26 in Glasgow in 2021, one of the headline questions centered on how countries would address the need for finance to address loss and damage , those impacts from climate change that are so severe communities are simply unable to adapt to them. Finance must scale significantly to support adaptation needs. degrees C.
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Three decisions governments must make to solve the nature and climate emergencies
We Mean Business Coalition
NOVEMBER 9, 2021
This will set them on course to reach net-zero emissions by 2050 at the latest. This is why governments at Cop26 in Glasgow must deliver three key outcomes that will promote the role of nature in the Paris Agreement. To create a stable, net-zero and nature-positive planet we need action now.
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Investment Firm Ramps up Clients' Sustainability Efforts
3BL Media
MARCH 1, 2022
The investment firm has spent more than two decades helping companies adopt climate-friendly business models which will continue this year with a focus on the phase-out of unabated coal generation by 2030 for developed markets and 2050 for developing markets, in order to achieve the goals, set out in the Paris Agreement.
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World Climate Summit – The Investment COP
Richard Matthews
OCTOBER 31, 2021
This event takes place after more than a decade of public-private partnerships this is the premier public side event onThe Road to COP26 2021. is recognized as one of the most important official side events of COP26. The World Climate Summit – Investment Cop will be held on November 7-8, 2021, in Glasgow, UK. Objectives.
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Carbon pricing currently too low for a just transition to net-zero, says climate advisory group
Envirotec Magazine
SEPTEMBER 30, 2021
” The document from the Climate Crisis Advisory Group (CCAG)[1] sets out seven recommendations that it believes global leaders at COP26 must consider to make carbon pricing more effective.
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VCM Code of Practice Launches, with Google, Unilever and Hitachi on Board
Chris Hall
JUNE 7, 2022
With Google, Unilever and Hitachi among those already signed up to road-test the provisional code, VCMI is hoping more businesses will take up what it calls a globally standardised benchmark when using carbon credits as part of their net zero strategies. . Market-based solutions are critical to reducing emissions.
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