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‘Any delay means risk’: Senator looks to speed up banks’ net-zero journey

Corporate Knights

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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Fossil fuel expansion will be the litmus test for banks’ net-zero promises

Corporate Knights

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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JPMorgan Raises Targets to Reduce Financed Emissions to Align with Net Zero by 2050

ESG Today

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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T-Mobile Commits to Net Zero Emissions Across the Value Chain

ESG Today

announced today a new target to achieve net zero carbon emissions across its entire value chain by 2040, including those produced by suppliers and through customer device usage, in addition to the company’s own operations. The post T-Mobile Commits to Net Zero Emissions Across the Value Chain appeared first on ESG Today.

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Rayonier Announces Climate Pledge Commitment

3BL Media

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 Paris Agreement's target. About The Climate Pledge The Climate Pledge is a commitment to reach net-zero carbon emissions by 2040.

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Delivering Net Zero - What It Takes in the Telco Industry

3BL Media

Taking action to achieve Net Zero right now is more important than ever, as we only have a narrow window of opportunity to keep the increase in temperature within 1.5?C. The industry has made a commitment to reach net zero by 2050 at the latest. Now is the time to act and realize a Net Zero ambition.

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Amazon aims to clean up aviation

GreenBiz

But in reality, with revenues and ticket sales way down, there's only so much commercial airlines actually will do to meet decarbonization goals. Infinium, spun out of another company called Greyrock Energy , says because the biofuel (dubbed an "electrofuel") is made with clean energy and CO2, it's a "net-zero carbon" fuel.

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