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Startup tackles decarbonizing industrial heat processes. Skyven Technologies, founded in 2013, is a company with a unique proposition for companies in the industrial sector — a way to save money through decarbonizing. The need for decarbonization in the industrial sector spans far beyond solar. Myisha Majumder.
The report found that most companies are making progress on decarbonization, revealing a 6% annual decrease in average emissions intensity, or emissions per unit of revenue, since the 2016 ParisAgreement. over the prior year, after growing from 27% in 2021.
The global shipping industry's decarbonization efforts once again face stormy seas. degrees [of warming] we need to decarbonize by the mid-2030s," he explained. "To To achieve 2 degrees we need to decarbonize by mid-century. degrees [of warming] we need to decarbonize by the mid-2030s. Cecilia Keating. To achieve 1.5
C trajectory of the ParisAgreement. This milestone reaffirms 3M’s ongoing commitment to climate action, decarbonization of its operations and portfolio of products and continual innovation on behalf of customers around the world “3M has a long history of reducing its greenhouse gas emissions.
Science-based targets provide companies with an established approach, including 2030 milestone goals, to reduce emissions that also support the ParisAgreement. “As For more information about Del Monte Foods and our products, please visit www.delmontefoods.com or www.delmonte.com. Del Monte Foods, Inc. is the U.S.
Last year saw significant activity as governments, utilities, businesses and other entities zoned in on mitigating climate change by setting aggressive decarbonization goals in an effort to lower carbon emissions. Look for easy-to-decarbonize areas of your operations where you can make a difference right away. Accept uncertainty.
The European Central Bank (ECB) announced today the publication of its first climate-related financial disclosures for its corporate sector and non-monetary policy portfolios, indicating progress towards the decarbonization of the Eurosystem’s €385 billion of corporate securities holdings.
Specifically, JPMorgan Chase announced in October that it would shape its financing portfolio in three key sectors to align with the ParisAgreement; three days later, HSBC announced its statement of net-zero ambition. Barclays’ accounting additionally covers the capital markets activity it supports. Disclosure and reporting.
They dont have the same regulatory requirements to disclose information that public companies do, especially when it comes to revenues and profits. Last year, it attracted $575 million in investments to help it roll out its decarbonization plan and announced that all new customers will be powered by 100% renewable energy.
The mission of Efforce , which has operations in Italy and Malta, is to raise capital for energy efficiency projects, one of the most potentially impactful ways for businesses to decarbonize their operations, if not quite as media-sexy as buying into solar or wind energy installations. Information Technology. Energy & Climate.
Investment giant BlackRock unveiled its new “Climate and Decarbonization Stewardship Guidelines,” setting out separate engagement and voting policies for investors specifically focused on the low carbon transition. C above pre-industrial levels.
We designed Project Gigaton™ in 2017 to catalyze and support supplier initiatives to decarbonize product supply chains. And by aiming for a gigaton by 2030, we set a bold ambition in line with the ParisAgreement, based on the broad estimates of Scope 3 emissions when we set the goal.
C, as set out in the Paris Climate Agreement – and we are already too close to this threshold,” said Carsten Knobel, CEO of Henkel. Further information on the company’s climate targets can be found in Henkel’s “Climate Transition Plan ”. We all have to take responsibility and help limit global warming to 1.5°C,
The report is part of the Ceres Food Emission 50 initiative, an effort focused on decarbonizing the nation’s food sector. Decarbonizing the U.S. For more information, visit ceres.org and follow @CeresNews. SOURCE: Ceres. food sector is key in our efforts to limit global temperature rise to no more than 1.5
The new report indicates that the speed with which clean technologies and decarbonization of the power sector are scaled up is crucial. The power, transport, industry and buildings sectors transition at different speeds based on the technologies available for them to decarbonize, but all see emissions start to fall immediately.
Leaders of leading industrial nations at the Japan-hosted G7 summit in Hiroshima made a series of announcements in support of their ParisAgreement commitments to limit global temperature rise to 1.5°C,
degree Celsius pathway by 2050, in support of the ParisAgreement. Research has continually informed our approach, while policy has helped shape our strategy and how we engage on behalf of our clients. Additional information about AB may be found on our website, www.alliancebernstein.com.
By signing The Climate Pledge, Rayonier joins a growing community of over 460 companies that are committed to achieving net-zero carbon emissions by 2040, a decade ahead of the ParisAgreement's target. More information on Rayonier’s sustainability initiatives can be found on the Company’s Sustainability web page.
“With only seven years until 2030, we must urgently accelerate the decarbonization of all parts of the economy. My Green Lab has been our key partner since 2022 to align the pharma and biotech sector with the goals of the ParisAgreement. For more information, contact ryanarnold@climatechampions.team.
ClimateView says the technology will help cities develop strategies to cut their greenhouse gas emissions in line with ParisAgreement commitments. Swedish climate-action technology company ClimateView has made certain parts of its ClimateOS platform available to cities free of charge.
The European Central Bank (ECB) announced today a series of moves to further incorporate climate change considerations into its monetary policy framework, including actions to decarbonize its portfolio of corporate bond holdings over time, and to introduce climate-related disclosure requirements for collateral.
At COP26, in November 2021, states agreed on a series of rules to govern market-based activities under Article 6 of the ParisAgreement. Communities at risk. Article 6 sets out co-operative approaches that countries can take to reach their climate targets, including through the use of market mechanisms such as carbon markets.
The initiative was launched with a series of investor letters sent to 107 companies, outlining expectations for credible net zero transition plans, including recommendations for comprehensive net zero commitments, aligned greenhouse gas emissions targets, emissions performance tracking, and a credible decarbonization strategy.
Its vision is to accelerate progressive climate action - including support of the ParisAgreement and related accords - with the goal of limiting global warming potential to 1.5°C. More information can be found at www.dupont.com. For further information contact: Dan Turner 302-996-8372 daniel.a.turner@dupont.com.
This is the third in a three-part series exploring how Article 6 of the ParisAgreement can spur the clean energy transition. The corresponding adjustments are a means to ensure the integrity of carbon markets and the complementary relationship of voluntary carbon markets with the decarbonization efforts under the ParisAgreement.
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 ParisAgreement.
The document also holds out the possibility of subsidies for carbon trading deals under Article 6 of the Parisagreement, and for Indigenous participation in fossil fuel projects. to a long-touted buyout of the financially precarious Trans Mountain pipeline. those are the pieces that we still need to find.”
Utilizing climate change scenario analysis to inform the management of climate-related risks and opportunities and disclose results and relevant actions through the CDP questionnaire can help demonstrate sound climate change management strategies to a company’s stakeholders. IPCC RCP 1.9 The IPCC RCP 1.9 IPCC RCP 4.5 The IPCC RCP 4.5
Originally published on about.bnef.com The world’s largest economies have made limited progress in boosting their decarbonization policies over the past year – a red flag for climate action as the urgency of the crisis ramps up. They especially lost points for increasing uncertainty among consumers, industry and investors.
Electrifying end uses that currently rely on fossil fuels, such as building heating, cooking, and passenger vehicles, while pursuing other decarbonization pathways, such as carbon management and low-carbon fuels, for end uses that are harder to electrify, such as heavy industry and heavy transport.
SDSN continues to work closely on an initiative that will help accelerate deep decarbonization efforts and inform science-based pathways to net zero The global scientific consensus is unequivocal: the world is in the midst of a climate crisis and our window to meaningfully reduce greenhouse gas emissions (GHGs) is closing.
65 of the Global 100 companies have signed up to the Science Based Targets initiative, aligning their emissions reductions with the requirements of the ParisAgreement, up from 60 in 2021. . Contact information: Toby Heaps, CEO, Corporate Knights. Roberto Guidetti, CEO, Vitasoy International Holdings Ltd. What is the Global 100?
High-carbon emitting companies are under pressure from governments and stakeholders to decarbonize their businesses. Management teams have been informative, keen to understand our expectations and receptive to our feedback. They must adapt to a raft of new policies, regulations and reporting requirements.
Recognizing the need for ambitious yet practicable actions to impact the environment, the company has expanded its net-zero emissions goals and is committing to achieving net-zero greenhouse gas emissions across Scopes 1 and 2 as well as Scope 3 by 2050 in alignment with the ParisAgreement.
Free acknowledged that while these efforts are important and worthwhile, there needs to be more focus on decarbonization. Fortunately, in the past year, investors have started focusing more on decarbonization and offsets, according to Free. Clients need to vote with their money.
This work culminated in a new report, “ Decarbonization Pathways for Paraguay’s Energy Sector ,” published in November of 2021 by the Columbia Center on Sustainable Investment (CCSI), and co-authored by the Quadracci Sustainable Engineering Lab at Columbia University, and Paraguay-based Centro de Recursos Naturales, Energía y Desarrollo (CRECE).
They can upload exposures, including information about their buildings, geographic locations, rebuild costs, as well as details of their insurance policies, to a cloud-based SaaS platform and then run catastrophe models based on their exposures. Significantly, ESG reporting is now being incorporated into formal accounting standards.
For more information on Medtronic, visit www.Medtronic.com and follow on LinkedIn. FY45 Decarbonization Roadmap: Recognizing the risks that climate change poses to human health and long-term global financial stability, Medtronic has set an ambition to achieve net-zero emissions across Scope 1, 2, and 3 by FY45.
Camus’s software unlocks the full potential of both renewable power supply and growing electricity demand for the thousands of utilities managing the momentous challenge of expanding and decarbonizing the grid.” C, and to keep up with the increasing deployment of new renewable energy capacity.
The Company thus set a strong base for fulfilling its future environmental goals and reaching the level of decarbonization required to meet the goals of the ParisAgreement, and early in 2022, Gildan signed the Science Based Targets initiative (SBTi) commitment letter. 18% reduction in water intensity compared to 2018.
Catena-X is establishing a data ecosystem that creates the transparency of emission information from business partners across the end-to-end automotive value chain. To achieve the goal of the ParisAgreement of limiting global warming to 1.5°C Unleash the Network Power for Decarbonization. SOURCE: SAP.
C target set out under the ParisAgreement in 2015. Energy systems are, consequently, becoming more decentralized, digitized and decarbonized. Decarbonizing the global economy means lessening our dependence on fossil fuels and increasing dramatically our use of renewable energy sources like solar, wind, biomass, and hydropower.
This informs our strategy and actions to support the resilience of the business. TCFD provides voluntary climate-related financial disclosure recommendations designed to help companies support informed capital allocation decisions and provide better and consistent information to stakeholders.
The 22nd United Nations Framework Convention on Climate Change (UNFCCC) session of the Conference of the Parties (COP22) successfully brought together climate experts, NGOs, and high-level government delegates to operationalize the ParisAgreement, which entered into force on November 4, 2016.
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