Why 'net zero' still matters
GreenBiz
SEPTEMBER 18, 2023
Despite a lack of a uniform definition or measurable success, net zero is still part of a meaningful climate strategy. Here’s how.
SAP’s Journey to Net Zero 2030
3BL Media
FEBRUARY 6, 2024
That is why SAP has committed to achieve net-zero emissions across our value chain by 2030. What Does Net Zero Mean? Net zero is a state where the greenhouse gases going into the atmosphere are balanced by removal out of the atmosphere. In 2019, SAP raised its commitment and adopted a 1.5°C
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Etsy takes aim at shipping and packaging in setting 2030 net-zero goal
GreenBiz
MARCH 16, 2021
Etsy takes aim at shipping and packaging in setting 2030 net-zero goal. The ambition is part of the company's net-zero carbon emissions by 2030 goal, which it set in February. . “I I know many companies have different definitions of net-zero. Deonna Anderson. Tue, 03/16/2021 - 05:00. E-commerce.
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Cracks showing in Mark Carney’s net-zero financial alliance
Corporate Knights
OCTOBER 3, 2022
Mark Carney’s US$130-trillion Glasgow Financial Alliance for Net Zero (GFANZ) has lost two pension funds and a consulting company in recent weeks, and some large U.S. The post Cracks showing in Mark Carney’s net-zero financial alliance appeared first on Corporate Knights. He writes on sustainable business and finance.
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CSRD 101: A Definitive Guide to New EU Sustainability Regulations
GreenBiz
SEPTEMBER 26, 2023
The framework is designed to help companies manage physical and transition risks that may endanger assets; attract capital; align their climate strategies to global net-zero objectives; and develop products and services resilient enough to succeed in even the most dynamic of markets.
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UN Expert Group Proposes Rules for Net Zero Commitments
ESG Today
NOVEMBER 10, 2022
A UN-backed group of sustainability, business, finance and government leaders unveiled a series of recommendations aimed at developing clearer standards for net zero pledges made by businesses and other non-state entities, and avoid the use of the commitments for greenwashing.
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All Systems go for Net Zero
Chris Hall
JANUARY 3, 2024
C, and investee companies are not yet facing full scrutiny of their net zero transition strategies, posing challenges for institutional investors committed to decarbonising their portfolios in line with the Paris Agreement. Others might set a target for some or all portfolio companies to be net zero aligned by 2030.
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B Lab Forms New Partnerships to Help Scale Credible Business Transitions to Net Zero
B the Change
JUNE 22, 2022
(Photo by Elena Mozhvilo on Unsplash ) Scaling Impact and Strengthening Accountability Toward Net Zero Through the B Corp Climate Collective Brigitta Nemes, Senior Manager Environmental Standards at B Lab Global, shares her reflections on a new direction for the B Corp Climate Collective’s work on net zero.
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World Green Building Council - There is no one-size-fits-all definition of a net zero building: how to align the unalignable
Global Renewable News
MARCH 7, 2024
When it comes to decarbonising buildings we're speaking many different languages. But just as we've learned to communicate internationally, stronger alignment on buildings is possible too.
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Net Zero for EU Real Estate Hinges on EPBD
Chris Hall
NOVEMBER 28, 2023
It also encouraged the accelerated development of, and transition to, zero-emission building stock. According to the Commission’s definition, a zero-emission building would not generate carbon emissions on-site.
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Singapore Launches Action Plan to Mobilize Finance for Asia’s Net Zero Transition
ESG Today
APRIL 20, 2023
The Monetary Authority of Singapore (MAS), the central bank and financial regulator of Singapore, announced today the launch of the Finance for Net Zero (FiNZ) Action Plan, updating its series of strategies to mobilize financing aimed at catalyzing the net zero transition in Asia, and decarbonization activities in Singapore.
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T-Mobile Commits to Net Zero Emissions Across the Value Chain
ESG Today
JANUARY 30, 2023
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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AllianceBernstein Commits to Net Zero Investments and Operations
ESG Today
JULY 26, 2022
Global investment manager AllianceBernstein (AB) announced a new climate commitment to achieve net zero emissions, aiming to align its operations and a range of investment strategies with a 1.5 ° pathway by 2050. Our net zero strategy addresses both the corporate and investment levels.
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Less than 5% of Banks Have Set Net Zero Commitments Across all Financing Categories: TPI Report
ESG Today
SEPTEMBER 6, 2023
For the study, the TPI Centre assessed 26 of the world’s largest global banks according to its recently released Net Zero Banking Assessment Framework, which considers a wide range of indicators from banks’ net zero commitments and targets to their disclosure, climate risk governance and climate solutions financing.
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Singapore Unveils Finance for Net Zero Action Plan
Chris Hall
APRIL 21, 2023
Code of conduct for ESG ratings and data providers, grant schemes for transition bonds and loans, and ISSB-aligned disclosures included in action plan. The Monetary Authority of Singapore (MAS) has launched a net zero transition financing plan as part of the city-state’s climate and sustainability agenda.
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Asian Investors Embrace Net Zero Commitments
Chris Hall
FEBRUARY 24, 2022
Portfolio-wide commitments to net zero emissions have surged among Asian investors, according to a new study from The Asia Investor Group on Climate Change (AIGCC). A total of 40% of survey respondents had committed to net zero emissions, compared with none the previous year.
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Permissive Protocol may not Accelerate Insurers’ Net Zero Pathway
Chris Hall
JANUARY 18, 2023
Net Zero Insurance Alliance plan leaves door open to greenwashing, claim campaigners. A three-pronged framework to guide insurance firms to net zero by 2050 was unveiled at Davos yesterday as proof the industry could “walk the talk” on net zero transition. Left to own discretion.
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Pension Funds’ Net Zero Plans “Not Yet Fit for Purpose”
Chris Hall
FEBRUARY 17, 2022
Pension funds must put their net zero plans into action now, to meet 2030 decarbonisation targets on the way to carbon neutrality in 2050, according to Roger Urwin, Co-Founder of the Thinking Ahead Institute. The post Pension Funds’ Net Zero Plans “Not Yet Fit for Purpose” appeared first on ESG Investor.
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Ontario Pension Scheme Takes “First Step” to Net Zero
Chris Hall
AUGUST 22, 2022
Other commitments in the plan include implementing a climate transition investment framework, integrating climate risk and opportunity assessments into its investment strategy and joining the UN-convened Net Zero Asset Owner Alliance (NZAOA). . Multi-pronged climate engagement .
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GFANZ Launches Consultation on Transition Finance Strategies and Measuring the Impact on Emissions
3BL Media
SEPTEMBER 29, 2023
Originally posted on GFANZ on September 19, 2023 The Glasgow Financial Alliance for Net Zero (GFANZ) Secretariat today launched a consultation on its work to further refine the definitions of its transition finance strategies and support financial institutions to forecast the impact of these strategies on reducing emissions.
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We Mean Business Coalition’s Response to the UN High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities Report
We Mean Business Coalition
NOVEMBER 8, 2022
The United Nations High-Level Expert Group on the Net-Zero Emissions Commitments of Non-State Entities today (November 8, 2022) released a new report. A response from María Mendiluce, CEO, We Mean Business Coalition: “ Businesses want clear standards and rules that define what net zero means.
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CPP Investments Backs Active Engagement on Net Zero Path
Chris Hall
FEBRUARY 16, 2022
CPP Investments, which manages C$550 billion (US$432 billion) AUM for more than 20 million beneficiaries, committed last week to targeting net zero greenhouse gas (GHG) emissions from its operations and investments across all scopes by 2050. Whole economy transition. It’s something we will continue to look at.
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Cooking the books: The magical math of ‘climate-friendly’ meat
Corporate Knights
APRIL 18, 2024
The world’s biggest meat-packers have announced net-zero targets, as the industry tries to reassure the public that despite the urgency of the climate emergency, there’s no need to cut back on our burgers and steaks. And Tyson isn’t the only one banking on planet-friendly meat to keep consumers coming back to the butcher.
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Black & Veatch's Annual Sustainability Report Highlights Progress on ESG Goals and Net-Zero Commitment
3BL Media
JULY 5, 2022
Steps toward accomplishing each commitment are detailed across 2021, a year defined by reentry into workplaces and public spaces as the COVID-19 pandemic waned, evolving definitions of sustainability and its related benchmarks, and growing urgency to decarbonize our planet’s economies.
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To achieve net-zero, let’s agree on one definition of success
GreenBiz
SEPTEMBER 28, 2020
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.
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Could the world really become net zero by 2040 ?
Edouard Stenger
JANUARY 24, 2023
This enabled me to read a thought-provoking article stating and arguing that the world could be net zero much faster than thought, by the 2040s. Using biobased materials for construction could help but would definitively require alternatives in countless sectors. So one could say he knows what he is talking about.
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HSBC to stop financing new oil and gas fields except in Canada
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. The IEA’s definition is relatively narrow: new fields where development has not been approved. Matt Price, director of corporate engagement for Investors for Paris Compliance.
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Advocates blast RBC's new climate targets as 'greenwashing'
Corporate Knights
OCTOBER 28, 2022
The Royal Bank of Canada is out with a long-awaited net-zero strategy that sets a far softer target than the emerging international standard for financial institutions, while touting its ability to engage with clients in the fossil fuel sector and beyond to drive emission reductions.
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Microsoft’s million-tonne CO2-removal purchase — lessons for net zero
Environmental News Bits
OCTOBER 15, 2021
Strengthen markets, measures and definitions for removing carbon dioxide from the atmosphere to fight climate change. Read the full story in Nature. Read more →
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Net zero concrete initiative appraises first year of action
Envirotec Magazine
JULY 11, 2023
5 th July marked one year since the launch of ConcreteZero , a global, industry-led initiative to achieve net zero concrete by 2050. This transition to net zero concrete will require large-scale collaboration, which is precisely the challenge that ConcreteZero was launched to address.
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Say What You Mean: How To Use the Jargon of Energy Transition Correctly
3BL Media
JUNE 21, 2022
Definition. Bill MacDonald , Energy Transition Leader for Antea Group USA, offers a concise definition of energy transition: “A period of energy transition is defined by the adoption of a new primary energy system. Definition. Definition. Definition. Energy Transition. Low-Carbon. Decarbonization. Why it Matters.
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Public Policy Forum urges government to help finance oil and gas emission reductions
Corporate Knights
MARCH 17, 2022
In a report released March 16, the Public Policy Forum laid out a “leadership blueprint” for Canada’s net-zero transition that urges the federal government to help finance the sector’s efforts to reduce emissions. However, he added, the decarbonization effort must speed up. We’re just not moving with the haste we need to move.
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Government not sufficiently grappling with skills gap in relation to net zero
Envirotec Magazine
OCTOBER 26, 2021
The Net Zero Strategy, which claims to support up to 440,000 jobs by 2030, would have been the ideal opportunity to offer clarity on how to define and measure what ‘green jobs’ are. The Committee recommends that the national Careers Strategy is adapted by the end of this year to align net zero and environmental goals.
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MetLife 2022 Sustainability Report: Creating Value as an Investor
3BL Media
JULY 19, 2023
9 Read more about MetLife's Net Zero commitment. 2 For definitions of responsible investments, impact investments and green investments, please see pages 96 and 97 of the Sustainability Report PDF. 9 Read more about MetLife's Net Zero commitment. 3 Annual investments in 2022. 3 Annual investments in 2022.
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ESG Tech Firm Raises Funds to Reduce Real Estate Sector's Environmental Impact
3BL Media
MAY 31, 2022
Deepki will use the funding to continue to help the real estate sector reach its net zero goal while securing over 200 new hires in 2022. It is supported by experts who partner with clients across data collection and analysis, through to ESG strategy definition and implementation.
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To Vote, or Not to Vote
Chris Hall
JANUARY 26, 2024
Laith Cahill, IIGCC Senior Specialist on Net Zero Stewardship, says new voting guidance reflects how climate has become integral to company strategy. With that in mind, the IIGCC published last week its Net Zero Voting Guidance , aiming to support asset owners and managers in developing their own policies and practices on climate.
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Ericsson's Approach to Environmental Sustainability
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. To meet this ambition, Ericsson is progressing against its set targets in line with the 1.5°C
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Mondel?z 2021 Snacking Made Right Report: Climate Action
3BL Media
NOVEMBER 10, 2022
We’re building on our progress in reducing our end-to-end carbon footprint and working toward our long-term goal of net zero carbon emissions by 2050. Joining the Race to Net Zero. We've also joined the United Nations Race to Zero Campaign to help build momentum towards a decarbonized economy. z International.
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UK solar industry set to double in size by 2030, but needs to treble to align with net zero
Envirotec Magazine
JUNE 18, 2021
It sets out a plan to deliver the 40GW of operational capacity needed by the end of the decade for the UK to remain on track for a net zero carbon economy, according to the Climate Change Committee. However, the Government must act now to accelerate deployment to ensure their net zero targets are met.
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Long-Term Carbon Offsets Outlook 2023
3BL Media
JULY 31, 2023
Demand will rise into the billions of tons of carbon dioxide equivalent within the next decade as companies work toward net-zero goals. It’s more responsive to prices and criticism, and BloombergNEF expects behavioral demand to drop from 181MtCO2e in 2023 to zero in 2050.
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Is the sun setting on America's oil refineries?
Corporate Knights
JULY 18, 2022
A report published by the Environmental Defense Fund (EDF) in May found that many oil majors with net-zero commitments are selling off dirty assets to buyers who don’t have decarbonization commitments. billion, have moved fossil fuel assets away from net-zero-aligned companies. .
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Keysight Releases 2023 Corporate Social Responsibility Report and Disclosures
3BL Media
MAY 14, 2024
Made progress toward environmental sustainability goals The company made progress in environmental sustainability related to its commitment to net zero emissions for business operations by the end of fiscal year 2040, aligning with the Paris Agreement's preferred goal of limiting global warming to 1.5°C.
Stranded Workers a Risk in Unjust Transition
Chris Hall
OCTOBER 28, 2022
Orderly path to net zero requires social and natural dimensions to be built into transition plans. . Workers, suppliers, communities and consumers should not be forgotten by institutional investors when developing net zero transition strategies. . Building blocks .
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Which banks are financing the clean energy transition?
Corporate Knights
SEPTEMBER 30, 2022
To qualify for the ranking, banks must have signed up to the UN’s Net-Zero Banking Alliance (NZBA), which means they commit to achieving net-zero lending and investment portfolios by 2050. Finally, we ’ d be clear on which definitions were being used and which taxonomy the definitions were derived from.” .
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