Day: 5 May 2021

Hershey Announces Bold 2030 Goals to Reduce Environmental Footprint and Address Climate Change

Stuart Mitchell

The Hershey Company has announced new commitments to advance its environmental progress and contribute to global climate action. Hershey has set ambitious new goals to reduce its global emissions in line with the global best practice of the Paris Climate Agreement, to limit global temperature rise to 1.5°C. In 2019, Hershey committed to the Science Based Targets initiative (SBTi) that it would audit its operations and develop targets to reduce its greenhouse gas emissions in line with the best available climate science. As a result of that process, Hershey today…

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Morrisons leads green farming revolution with pledge to have first net zero British farms by 2030

Stuart Mitchell

Morrisons has pledged to be the first supermarket to be completely supplied by ‘net zero’ carbon British farms by 2030, five years ahead of the market. Over the next nine years, Morrisons will work with its 3,000 farmers and growers to produce affordable net zero carbon meat, fruit and vegetables. Morrisons expects that the first products to reach net zero carbon status will be eggs as early as 2022, followed by lamb, fruit, vegetables, pork and beef in the years to follow. UK agriculture currently accounts for 10 per cent…

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Bank of America Increases Commitment to Advance Racial Equality and Economic Opportunity to $1.25 Billion

Stuart Mitchell

Bank of America has announced that it has increased its $1 billion, four-year commitment to advance racial equality and economic opportunity to $1.25 billion over five years. This effort further accelerates work already underway to address racial equality and opportunity through direct actions, investments and work to catalyze similar efforts across the private sector. To date, the company has made more than $350 million in various investments from its initial $1 billion four-year commitment, announced in June 2020, across its primary focus areas of health, jobs/reskilling, affordable housing and small…

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UPS Flight Forward adds innovative new aircraft, enhancing capabilities and network sustainability

Stuart Mitchell

UPS, together with its UPS Flight Forward subsidiary, plans to purchase electric Vertical Takeoff and Landing (eVTOL) aircraft from Beta Technologies (BETA) to augment its air service for select small and mid-size markets. These aircraft will take off and land on-property at UPS facilities in a whisper-quiet fashion, reducing time-in-transit, vehicle emissions, and operating cost. The BETA aircraft’s 1,400-pound cargo capacity is ideally suited to more quickly and sustainably transport time-sensitive deliveries that would otherwise fly on small fixed-wing aircraft. UPS’s use of the aircraft will benefit healthcare providers, thousands…

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Total Partners with Siemens Energy to Reduce LNG Related Emissions

Stuart Mitchell

Total and Siemens Energy signed a Technical Collaboration Agreement to study sustainable solutions for CO2 emissions reduction. The collaboration will focus on natural gas liquefaction facilities and associated power generation.  Each partner will bring together their best-in-class technologies and combine their know-how to deliver industrial-stage solutions such as combustion of clean hydrogen in gas turbines, competitive all-electrical liquefaction, optimized power generation, the integration of renewable energy in liquefaction plants’ power system and their efficiency enhancement. “This collaboration with Siemens Energy, a major player in the energy technology sector, brings many…

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