ExxonMobil announces emission reduction plans; expects to meet 2020 goals

ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15 to 20 percent by 2025, compared to 2016 levels. This will be supported by a 40 to 50 percent decrease in methane intensity, and a 35 to 45 percent decrease in flaring intensity across its global operations. The emission reduction plans, which cover Scope 1 and Scope 2 emissions from operated assets, are projected to be consistent with the goals of the Paris Agreement. The company also plans to align with the World Bank’s initiative to…

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Sharp rise in unregulated lobbyists highlights ‘ethical divide’ in lobbying

  The number of lobbyists failing to declare Codes of Conducts on the Government’s lobbying register soared by more than a quarter (28%) between 2019 and 2020, according to a PRCA analysis of entries published by the Office of the Registrar of Consultant Lobbyists (ORCL). The spike follows the Registrar’s decision to clamp down on self-policed codes – a move welcomed by the PRCA in August last year. While the great majority of dedicated lobbying companies declare a PRCA Code, a significant number of legal firms and management consultancies now…

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Grosvenor Europe launches Net Zero Carbon Strategy

Grosvenor Europe has launched an ambitious strategy to achieve net zero carbon (net zero) across its portfolio. The strategy sets out how we will deliver on net zero commitments and reduce carbon impact by 50% by 2030. They have a clear path to net zero that focuses on three key areas. By 2030, we will: Cut energy use in buildings by one third Reduce the embodied carbon intensity of developments by 50% Reduce the carbon intensity of purchased good and services by at least 60%  They also recognise that achieving…

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Teva Sets Ambitious Long-Term Environmental Goals As Part of Renewed ESG Strategy

Teva Pharmaceutical Industries Ltd. has announced long-term environmental sustainability commitments and targets to provide direction and drive action in this area. Our new goals are part of Teva’s commitment to Environmental, Social and Governance (ESG) measurement, a key focus area for the business. ESG details how we achieve our business goals, underscores non-financial performance, and is considered critical to our long-term sustainability and success. These environmental sustainability commitments are aligned to three areas of focus that were identified during the company’s recently completed ESG materiality analysis, which informed the development…

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UNESCO funds initiatives to boost creative industries and urges decision-makers to include culture in their recovery plan

The Intergovernmental Committee of UNESCO’s 2005 Convention on the Protection and Promotion of the Diversity of Cultural Expressions is meeting this week. This meeting occurs as COVID-19 has caused a crisis in culture that is both profound and unprecedented. The pandemic has revealed fundamental challenges, particularly the precariousness of artists, and the risk of standardization of cultural products if cultural diversity is not promoted. In 2021, as the world celebrates the International Year of Creative Economy for Sustainable Development and recovery plans are being negotiated around the world, UNESCO called…

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